LaFleur & Godfrey LLC Purchases New Position in General Electric Company (GE)

LaFleur & Godfrey LLC bought a new position in General Electric Company (NYSE:GE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,114 shares of the conglomerate’s stock, valued at approximately $272,000.

Other large investors have also recently added to or reduced their stakes in the company. Jarislowsky Fraser Ltd increased its stake in General Electric by 5.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 4,075,563 shares of the conglomerate’s stock worth $128,787,000 after buying an additional 211,742 shares during the period. Discovery Capital Management LLC CT bought a new stake in General Electric during the fourth quarter worth $29,719,000. Roundview Capital LLC increased its stake in General Electric by 2.0% in the fourth quarter. Roundview Capital LLC now owns 76,472 shares of the conglomerate’s stock worth $2,417,000 after buying an additional 1,515 shares during the last quarter. AE Wealth Management LLC bought a new stake in General Electric during the fourth quarter worth $2,092,000. Finally, Banco Santander S.A. bought a new stake in General Electric during the fourth quarter worth $13,259,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Electric Company (NYSE GE) opened at 25.78 on Friday. The company has a market cap of $223.20 billion, a PE ratio of 31.40 and a beta of 1.21. General Electric Company has a 12 month low of $25.26 and a 12 month high of $32.38. The firm’s 50 day moving average is $26.94 and its 200 day moving average is $28.78.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. General Electric’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, equities analysts predict that General Electric Company will post $1.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.72%. General Electric’s dividend payout ratio (DPR) is presently 118.52%.

ILLEGAL ACTIVITY WARNING: “[[title]]” was originally reported by [[site]] and is the property of of [[site]]. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at [[permalink]].

A number of equities research analysts have weighed in on GE shares. Vetr raised General Electric from a “hold” rating to a “buy” rating and set a $30.43 price objective on the stock in a report on Thursday, April 27th. Stifel Nicolaus lifted their price objective on General Electric from $32.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $34.00 price objective on shares of General Electric in a report on Tuesday, April 11th. Argus decreased their price objective on General Electric from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, April 24th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $34.00 price objective (down from $36.00) on shares of General Electric in a report on Monday, July 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.25.

In related news, insider Alexander Dimitrief purchased 1,845 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was purchased at an average cost of $25.54 per share, with a total value of $47,121.30. Following the completion of the purchase, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William G. Beattie purchased 16,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $28.05 per share, with a total value of $448,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 149,270 shares of company stock worth $4,113,059. 0.36% of the stock is owned by company insiders.

General Electric Company Profile