The quarterly payout will drop 50% to 12 United States cents a share, the Boston-based company said, in a move that will save about $4bn a year. Among active positions in the latest quarter, 830 holders increased their positions by a total of 221.13 million shares, 1,180 holders decreased the positions by a total of 233.24 million shares, and 157 holders held their positions. The correct version of this report can be read at https://www.truebluetribune.com/2017/11/14/chicago-partners-investment-group-llc-lowers-stake-in-general-electric-company-ge.html. Firsthand Capital Management Inc who had been investing in Quicklogic for a number of months, seems to be bullish on the $129.89 million market cap company. The institutional investor held 547,065 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $14.78M, up from 185,071 at the end of the previous reported quarter. Citigroup Inc. set a $34.00 price target on shares of General Electric and gave the company a "buy" rating in a report on Tuesday, November 1st. Flaharty Asset Management LLC acquired a new position in General Electric during the 1st quarter worth approximately $226,000.
A number of hedge funds have recently added to or reduced their stakes in the stock. Inspirion Wealth Advisors Ltd Liability holds 0.8% of its portfolio in General Electric Company (NYSE:GE) for 54,245 shares. The stock has a market capitalization of $164,940.00, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11.
For only the second time since the Great Depression, General Electric is cutting its coveted dividend, with officials saying it will be cut in half. On average, equities research analysts forecast that General Electric Co. will post $1.49 EPS for the current year. General Electric Company (NYSE:GE) has declined 4.46% since November 14, 2016 and is downtrending. The company reported $0.32 EPS for the quarter, hitting the Zacks' consensus estimate of $0.32. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.64 billion. During the same quarter past year, the firm posted $0.29 earnings per share. "While credit analysts will likely welcome the cut to GE's dividend, the company also laid out a framework of still hard cash generation over the next 2 years". This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, December 22nd. General Electric has a twelve month low of $18.75 and a twelve month high of $32.38. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark legislation. Barclays Capital downgraded the shares of POR in report on Monday, January 4 to "Underweight" rating. The stock declined 0.27% or $0.2 reaching $74.3 on the news. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate's stock valued at $303,000 after purchasing an additional 41 shares during the last quarter. UBS AG restated a "buy" rating and issued a $31.00 price objective (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th.
General Electric (NYSE:GE) traded down $0.86 during trading on Tuesday, hitting $18.16. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Monday, August 17 by S&P Research. Ladenburg maintained it with "Buy" rating and $48.0 target in Tuesday, September 19 report.