ANTIPODES PARTNERS Ltd Lowers Stake in General Electric (NYSE:GE)

ANTIPODES PARTNERS Ltd decreased its stake in General Electric (NYSE:GE) by 15.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,412,369 shares of the conglomerate’s stock after selling 2,340,801 shares during the quarter. General Electric comprises 5.3% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 7th biggest holding. ANTIPODES PARTNERS Ltd owned about 0.14% of General Electric worth $110,967,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Ashburton Jersey Ltd acquired a new stake in General Electric in the second quarter valued at $25,000. Fusion Family Wealth LLC grew its holdings in shares of General Electric by 10,516.0% during the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 2,629 shares during the last quarter. Employers Holdings Inc. purchased a new position in shares of General Electric during the second quarter worth about $28,000. Venturi Wealth Management LLC purchased a new position in shares of General Electric during the third quarter worth about $25,000. Finally, Manchester Financial Inc. purchased a new position in shares of General Electric during the second quarter worth about $30,000. Hedge funds and other institutional investors own 60.22% of the company’s stock.

NYSE GE traded down $0.09 during midday trading on Wednesday, hitting $10.90. The company had a trading volume of 43,751,553 shares, compared to its average volume of 71,662,695. The firm has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $9.76. The stock has a market cap of $95.50 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.74 and a beta of 1.17. General Electric has a fifty-two week low of $6.66 and a fifty-two week high of $11.84. The company has a quick ratio of 1.60, a current ratio of 1.84 and a debt-to-equity ratio of 2.67.

General Electric (NYSE:GE) last issued its quarterly earnings results on Wednesday, October 30th. The conglomerate reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. General Electric had a negative net margin of 4.39% and a positive return on equity of 11.69%. The company had revenue of $23.36 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same quarter in the previous year, the company earned $0.14 EPS. General Electric’s revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that General Electric will post 0.61 earnings per share for the current year.

A number of research firms recently issued reports on GE. Morgan Stanley began coverage on General Electric in a report on Thursday, September 5th. They set an “equal weight” rating and a $10.00 price target on the stock. Zacks Investment Research upgraded shares of General Electric from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a research report on Friday, November 1st. Deutsche Bank lifted their price target on shares of General Electric from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday. William Blair restated a “buy” rating on shares of General Electric in a research report on Tuesday. Finally, Barclays restated a “buy” rating and set a $12.00 price objective on shares of General Electric in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.42.

General Electric Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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

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