WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST Continues to Hold Holdings in General Electric Company (GE)

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST continued to hold its position in shares of General Electric Company (NYSE:GE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,500,000 shares of the conglomerate’s stock at the close of the second quarter. General Electric accounts for approximately 3.4% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 16th biggest holding. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned 0.09% of General Electric worth $202,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. Harris Associates L P boosted its stake in shares of General Electric by 26.4% during the 1st quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after buying an additional 9,681,420 shares during the period. UBS Oconnor LLC boosted its stake in shares of General Electric by 795.5% during the 1st quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock valued at $60,345,000 after buying an additional 1,798,877 shares during the period. Nationwide Fund Advisors boosted its stake in shares of General Electric by 41.6% during the 1st quarter. Nationwide Fund Advisors now owns 5,420,262 shares of the conglomerate’s stock valued at $161,524,000 after buying an additional 1,591,790 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of General Electric by 134.7% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 2,151,496 shares of the conglomerate’s stock valued at $64,118,000 after buying an additional 1,234,776 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of General Electric during the 1st quarter valued at $35,777,000. Hedge funds and other institutional investors own 54.69% of the company’s stock.

General Electric (NYSE:GE) last posted its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The company had revenue of $29.56 billion during the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. General Electric’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, September 15th. General Electric’s dividend payout ratio is presently 118.52%.

In related news, CEO John Leonard Flannery bought 103,983 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $25.56 per share, for a total transaction of $2,657,805.48. Following the purchase, the chief executive officer now owns 509,430 shares in the company, valued at approximately $13,021,030.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James S. Tisch bought 100,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $24.56 per share, with a total value of $2,456,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 233,253 shares of company stock valued at $5,860,264. 0.36% of the stock is currently owned by corporate insiders.

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A number of equities research analysts have issued reports on GE shares. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $30.48 target price for the company. in a research note on Tuesday, July 4th. Citigroup Inc. reissued a “buy” rating and set a $34.00 target price (down previously from $36.00) on shares of General Electric in a research note on Monday, July 10th. Stifel Nicolaus decreased their target price on shares of General Electric from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, July 25th. UBS AG reissued a “buy” rating and set a $31.00 target price (down previously from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $31.00 target price on shares of General Electric in a research note on Friday, September 15th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.16.

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

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