Home / Others / Doyle Wealth Management sells 310,901 shares of General Electric (GE)

Doyle Wealth Management sells 310,901 shares of General Electric (GE)



  General Electric logo "title =" General Electric logo "class =" companylogo "/> Doyle Wealth Management lowered its position in shares of General Electric (NYSE: GE) by 49.6% during the 3rd quarter, according to the In its most recent filing with the Securities & Exchange Commission, the institutional investor owned 316,167 shares of the conglomerate after selling 310,901 shares during the quarter, while Doyle Wealth Management held 0.46% of General Electric worth $ 7,645,000 in its presentation. Most recent with the Securities and Securities Exchange Commission</p><p> Recently other institutional investors also bought and sold shares of the company Peak Financial Management Inc. increased its position in shares of General Electric by 0.3% during the second quarter. Financial Management Inc. now holds 9,284 shares of the conglomerate's stock valued at $ 251,000 after buying 25 additional shares in the last quarter. Puplava Financial Services Inc. grew its position in the General Electric areas by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate's stock valued at $ 303,000 after buying 41 additional shares in the last quarter. Cutter & CO Brokerage Inc. increased its position in General Electric shares by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate's stock valued at $ 557,000 after buying 67 additional shares in the last quarter. Northwest Wealth Management LLC increased its position in General Electric shares by 0.8% during the second quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate's stock valued at $ 254,000 after buying 75 additional shares in the last quarter. Finally, NorthRock Partners LLC increased its position in General Electric shares by 0.9% during the second quarter. NorthRock Partners LLC now owns 8,842 conglomerate shares valued at $ 241,000 after buying 80 additional shares in the last quarter. 55.64% of the shares are currently owned by hedge funds and other institutional investors.</p><p> Several research companies have recently published reports on GE. The Goldman Sachs Group set a target price of $ 22.00 on General Electric shares and awarded the stock a "neutral" rating on a report on Tuesday, November 14. JPMorgan Chase & Co. set a price target of $ 17.00 on General Electric shares and awarded the stock a "sale" rating on a report on Wednesday, November 15. Bank of America raised General Electric's shares from a "neutral" rating to a "purchase" rating and set a price target of $ 27.00 for the company in a report on Monday, October 23. Stifel Nicolaus set a target price of $ 22.00 on General Electric shares and awarded the stock a "neutral" rating in a research note on Tuesday, November 14. Finally, Vetr raised the shares of General Electric from a "buy" rating to a "strong purchase" rating and set a target price of $ 23.28 for the company in a research note on Monday, October 30. Six stock research analysts have rated the stock with a sale rating, nine have assigned a hold rating, eight have granted a purchase rating and one has assigned a strong buy rating to the stock. Currently, General Electric has an average "Hold" rating and an average target price of $ 22.94.</p><p> In other news, Director Steven M. Mollenkopf purchased 5,500 shares of the company in a transaction on Thursday, November 16. The shares were purchased at an average price of $ 18.24 per share, for a total transaction of $ 100,320.00. Once the purchase is complete, the director now owns 5,500 shares in the company, valued at approximately $ 100,320. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC's website. In addition, Director Francisco Dsouza purchased 55,000 shares of the company in a transaction on Monday, November 20. The stock was purchased at an average price of $ 17.94 per share, for a total transaction of $ 986,700.00. The disclosure of this purchase can be found here. In the past 90 days, the initiates acquired 120,500 shares of the company's stock worth $ 2,183,220. Corporate experts own 0.36% of the company's shares.</p><p> General Electric (GE) opened at $ 16.26 on Friday. General Electric has a minimum of 52 weeks of $ 16.02 and a maximum of 52 weeks of $ 30.90. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. The share has a market capitalization of $ 141,010.00, a PE ratio of 18.91, a P / E / G ratio of 3.08 and a beta of 1.07.</p><p> General Electric (NYSE: GE) last announced its quarterly earnings results on Friday, October 20. The conglomerate reported $ 0.29 of earnings per share (EPS) for the quarter, lacking the estimated consensus of $ 0.49 per ($ 0.20). General Electric had a net margin of 6.08% and a return on capital of 13.72%. The company had revenues of $ 33.47 billion for the quarter, compared to analysts' expectations of $ 32.51 billion. During the same quarter of the previous year, the company earned $ 0.32 EPS. Quarterly revenues of General Electric increased 11.5% compared to the same quarter last year. Research analysts predict that General Electric will publish 1.05 EPS for the current fiscal year.</p><p> The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25. The shareholders registered on Wednesday, December 27 will receive a dividend of $ 0.12. This represents a dividend of $ 0.48 per year and a yield of 2.95%. The ex-dividend date is Tuesday, December 26. The dividend payment index (DPR) of General Electric is currently 55.81%.</p><p class= NOTICE OF VIOLATION OF COPYRIGHT: "Doyle Wealth Management sells 310,901 shares of General Electric (GE)" was originally published by The Ledger Gazette and is owned by The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of the US. UU And the international laws of copyright and trademarks. The legal version of this article can be viewed at https://ledgergazette.com/2018/01/21/general-electric-ge-position-reduced-by-doyle-wealth-management.html.

General Electric Profile

General Electric Company is a global digital industrial company. The Company's products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable energy, which offers renewable energy sources; Oil and gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides medical care technologies in medical images, digital solutions, monitoring and diagnosis of patients, and drug discovery, among others; Transportation, which is a supplier of the railway, mining, marine, stationary energy and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

  Institutional ownership per quarter for General Electric (NYSE: GE)

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