Bonness Enterprises Inc. increased its position in shares of General Electric Co. (NYSE:GE) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 178,278 shares of the company’s stock after buying an additional 3,100 shares during the period. General Electric comprises about 4.4% of Bonness Enterprises Inc.’s investment portfolio, making the stock its 3rd largest position. Bonness Enterprises Inc.’s holdings in General Electric were worth $5,281,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in GE. Cable Hill Partners LLC increased its stake 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 valued at $141,000 after buying an additional 19 shares during the last quarter. Catamount Wealth Management increased its stake in shares of General Electric by 34.8% in the second quarter. Catamount Wealth Management now owns 4,651 shares of the company’s stock valued at $146,000 after buying an additional 1,200 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of General Electric by 58.6% in the second quarter. Global X Management Co. LLC now owns 5,058 shares of the company’s stock valued at $159,000 after buying an additional 1,868 shares during the last quarter. James Investment Research Inc. increased its stake in shares of General Electric by 2.6% in the second quarter. James Investment Research Inc. now owns 5,850 shares of the company’s stock valued at $184,000 after buying an additional 150 shares during the last quarter. Finally, Balentine LLC increased its stake in shares of General Electric by 62.2% in the second quarter. Balentine LLC now owns 5,936 shares of the company’s stock valued at $187,000 after buying an additional 2,277 shares during the last quarter. 53.50% of the stock is currently owned by institutional investors and hedge funds.

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

General Electric Co. (NYSE:GE) traded down 0.64% during trading on Tuesday, reaching $31.05. 26,835,028 shares of the company’s stock traded hands. General Electric Co. has a 12 month low of $27.10 and a 12 month high of $33.00. The stock has a market capitalization of $274.68 billion, a P/E ratio of 26.70 and a beta of 1.20. The company has a 50-day moving average of $29.59 and a 200 day moving average of $30.44.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 21st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm earned $29.30 billion during the quarter, compared to the consensus estimate of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, equities research analysts expect that General Electric Co. will post $1.49 earnings per share for the current fiscal year.

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Several research analysts have commented on the stock. Zacks Investment Research cut shares of General Electric from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $32.72 price target for the company. in a report on Monday, October 31st. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $26.00 price target on shares of General Electric in a report on Thursday, August 11th. RBC Capital Markets set a $36.00 price target on shares of General Electric and gave the stock a “buy” rating in a report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. set a $30.00 price target on shares of General Electric and gave the stock a “neutral” rating in a report on Monday, November 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. General Electric has an average rating of “Hold” and an average price target of $32.56.

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

General Electric Company Profile

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