General Electric Company (NYSE:GE) enjoyed a 64.17% run-up in share price since hitting record low of $6.4. The stock managed 0.77% rise and now stands at $10.51 as of 7/26/2019. At a recent session, the prices were hovering between $10.395 and $10.55. This company shares are 19.7% off its target price of $12.58 and the current market capitalization stands at $91.55B. The recent change has given its price a 3.68% lead over SMA 50 and -20.66% deficit over its 52-week high. The stock witnessed 2.34% gains, 9.82% gains and 19.36% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GE’s volatility during a week at 2.36% and during a month it has been found around 2.12%.
What Does General Electric Company (GE) Do?
The company describes itself in regulatory filings as, “General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through the following segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.” [Text can be found here: https://www.marketwatch.com/investing/stock/GE/profile under company description.]General Electric Company (GE) Top Holders
Institutional investors currently hold around $53.87 billion or 59.8% in GE stock. Look at its top three institutional owners: Vanguard Group Inc owns $6.72 billion in General Electric Company, which represents roughly 7.34% of the company’s market cap and approximately 12.47% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 503,258,851 shares of the stock are valued at $5.29 billion. The third largest holder is Fmr Llc, which currently holds $4.73 billion worth of this stock and that ownership represents nearly 5.17% of its market capitalization.General Electric Company 13F Filings
At the end of March reporting period, 706 institutional holders increased their position in General Electric Company (NYSE:GE) by some 520,111,889 shares, 1,027 decreased positions by 412,746,035 and 242 held positions by 4,192,000,000. That puts total institutional holdings at 5,125,000,000 shares, according to SEC filings. The stock grabbed 113 new institutional investments totaling 63,888,138 shares while 148 institutional investors sold out their entire positions totaling 86,861,154 shares.General Electric Company (NYSE:GE) Insider Trades
Multiple company employees have indulged in significant insider trading. General Electric Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director TRIAN FUND MANAGEMENT, L.P. has sold 6,659,852 shares of General Electric Company (GE) in the trading session dated May. 24, 2019. These shares are worth $64,200,973 and were traded at $9.64 each. The SEC filing shows that LAVIZZO-MOUREY RISA J performed a purchase of 10,000 shares. The Director added these shares by way of transaction on May. 23, 2019. The company’s shares were assimilated at $9.75 per share worth to an investment of some $97,500 to the account of LAVIZZO-MOUREY RISA J.
Senior Vice President, Stokes Russell, sold 49,904 common shares of General Electric Company (GE) in the open market. In a transaction dated Mar. 11, 2019, the shares were put up for sale at an average price of $9.93, raking in a sum of $495,547. After this sale, 216,082 common shares of GE are directly owned by the insider, with total stake valued at $2,271,022.
In the transaction dated Nov. 14, 2018, a great number of shares acquired came courtesy the Director; DSOUZA FRANCISCO added a total of 60,000 shares at an average price of $8.32, amounting to approximately $499,200. The insider now directly owns 151,500 shares worth $1,592,265.General Electric Company (GE) Analyst Guide
Several analysts have released their opinion on General Electric Company (NYSE:GE), with 5 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 3 buy, 1 sell and 2 strong sell ratings, collectively assigning a 2.6 average brokerage recommendation [T1].