Mackey Komara & Dankovich LLC Buys New Holdings in General Electric (GE)

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Mackey Komara & Dankovich LLC bought a new position in shares of General Electric (NYSE:GE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,600 shares of the conglomerate’s stock, valued at approximately $27,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in General Electric by 1.0% in the third quarter. Vanguard Group Inc. now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after acquiring an additional 6,167,111 shares in the last quarter. Vanguard Group Inc boosted its stake in General Electric by 1.0% in the third quarter. Vanguard Group Inc now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after acquiring an additional 6,167,111 shares in the last quarter. FMR LLC boosted its stake in General Electric by 158.6% in the second quarter. FMR LLC now owns 205,696,411 shares of the conglomerate’s stock valued at $2,799,528,000 after acquiring an additional 126,169,069 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in General Electric by 13.3% in the third quarter. The Manufacturers Life Insurance Company now owns 102,536,305 shares of the conglomerate’s stock valued at $1,157,635,000 after acquiring an additional 12,033,153 shares in the last quarter. Finally, Morgan Stanley boosted its stake in General Electric by 26.1% in the second quarter. Morgan Stanley now owns 54,507,783 shares of the conglomerate’s stock valued at $741,852,000 after acquiring an additional 11,294,608 shares in the last quarter. Institutional investors and hedge funds own 53.73% of the company’s stock.

Several equities analysts have issued reports on the stock. Vertical Research upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 19th. Goldman Sachs Group set a $14.00 price objective on shares of General Electric and gave the company a “neutral” rating in a research note on Tuesday, October 30th. UBS Group set a $13.00 price objective on shares of General Electric and gave the company a “buy” rating in a research note on Monday, December 10th. JPMorgan Chase & Co. upgraded shares of General Electric from an “underweight” rating to a “neutral” rating and set a $6.00 price objective for the company in a research note on Thursday, December 13th. Finally, William Blair restated a “buy” rating on shares of General Electric in a research note on Monday, January 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $13.04.

Shares of GE opened at $10.03 on Friday. General Electric has a fifty-two week low of $6.66 and a fifty-two week high of $15.59. The stock has a market cap of $87.69 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 3.15 and a beta of 0.99. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.66 and a quick ratio of 1.36.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). General Electric had a positive return on equity of 9.84% and a negative net margin of 18.38%. The business had revenue of $33.28 billion for the quarter, compared to analyst estimates of $32.01 billion. On average, sell-side analysts anticipate that General Electric will post 0.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, March 8th. This represents a $0.04 annualized dividend and a yield of 0.40%. General Electric’s dividend payout ratio is currently 6.15%.

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General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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