Today, Northstar Asset Management LLC Reached $2,865,000 position of General Electric Co. (GE)

Today, Northstar Asset Management LLC Reached $2,865,000 position  of General Electric Co. (GE)

Northstar Asset Management LLC lowered its stake in General Electric Co. (NYSE:GE) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 96,752 shares of the company’s stock after selling 2,500 shares during the period. General Electric makes up 1.2% of Northstar Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Northstar Asset Management LLC’s holdings in General Electric were worth $2,865,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cable Hill Partners LLC increased its position in shares of General Electric by 0.4% in the second quarter. Cable Hill Partners LLC now owns 4,447 shares of the company’s stock worth $141,000 after buying an additional 19 shares in the last quarter. Horizon Investments LLC increased its position in shares of General Electric by 0.5% in the second quarter. Horizon Investments LLC now owns 7,832 shares of the company’s stock worth $247,000 after buying an additional 36 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of General Electric by 0.5% in the second quarter. Financial Management Professionals Inc. now owns 8,721 shares of the company’s stock worth $274,000 after buying an additional 46 shares in the last quarter. Barry Investment Advisors LLC increased its position in shares of General Electric by 0.7% in the second quarter. Barry Investment Advisors LLC now owns 6,871 shares of the company’s stock worth $216,000 after buying an additional 50 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of General Electric by 0.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 13,809 shares of the company’s stock worth $410,000 after buying an additional 58 shares in the last quarter. 53.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Electric Co. (NYSE:GE) traded down 0.60% during mid-day trading on Monday, reaching $31.25. The company’s stock had a trading volume of 22,092,675 shares. The firm has a market capitalization of $276.45 billion, a PE ratio of 26.87 and a beta of 1.20. The firm has a 50-day moving average of $29.59 and a 200-day moving average of $30.44. General Electric Co. has a 52 week low of $27.10 and a 52 week high of $33.00.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 21st. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. General Electric had a return on equity of 16.08% and a net margin of 8.93%. The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.64 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts forecast that General Electric Co. will post $1.49 earnings per share for the current fiscal year.

GE has been the topic of several research reports. JPMorgan Chase & Co. restated a “sell” rating and issued a $26.00 target price on shares of General Electric in a research report on Friday, August 5th. Deutsche Bank AG restated a “hold” rating and issued a $29.00 target price on shares of General Electric in a research report on Thursday, August 25th. Morgan Stanley set a $32.00 target price on General Electric and gave the company a “hold” rating in a research report on Wednesday, August 31st. Stifel Nicolaus set a $34.00 target price on General Electric and gave the company a “buy” rating in a research report on Thursday, September 8th. Finally, William Blair set a $38.00 target price on General Electric and gave the company a “buy” rating in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.56.

In other General Electric news, Chairman Jeffrey R. Immelt purchased 50,000 shares of General Electric stock in a transaction on Wednesday, November 9th. The shares were bought at an average price of $29.24 per share, with a total value of $1,462,000.00. Following the purchase, the chairman now directly owns 2,248,688 shares in the company, valued at approximately $65,751,637.12. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.23% of the company’s stock.

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