Saturday, 18 November, 2017

GE cuts dividend for second time since Great Depression

General Electric to slice up its empire General Electric plans to slice quarterly dividend in half
Mae Harvey | 15 November, 2017, 01:25

Other institutional investors and hedge funds have also modified their holdings of the company. Peak Financial Management Inc. raised its position in General Electric by 0.3% in the 2nd quarter. The Private Trust Co holds 233,669 shares with $6.31M value, up from 218,379 last quarter. Hollencrest Securities LLC increased its position in General Electric by 5.5% in the third quarter. Puplava Financial Services Inc. raised its position in General Electric by 0.4% in the 2nd quarter. 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. Eagle Ridge Investment Management lifted its holdings in General Electric by 18.1% during the second quarter. The Texas-based Rench Wealth Management Inc. has invested 3.2% in the stock. PHH Investments Ltd. boosted its position in General Electric by 105.0% during the 1st quarter. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: "General Electric's (GE) CEO John Flannery Hosts Investor Update Conference ..." published on November 14, 2017 as well as Nasdaq.com's news article titled: "What's Wrong With General Electric Company's Core Business?" with publication date: November 12, 2017.

The analyst said his earnings estimates and price target for General Electric are under review. JP Morgan maintained General Electric Company (NYSE:GE) rating on Wednesday, November 1. The stock of General Electric Company (NYSE:GE) earned "Hold" rating by BMO Capital Markets on Thursday, March 23. The stock has a consensus rating of "Hold" and a consensus target price of $25.25. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock's average target of $52 is -33.63% below today's ($78.35) share price. Finally, Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a "buy" rating for the company in a report on Monday, September 18th. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. 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. Trustco Bank Corp N Y who had been investing in General Electric Co for a number of months, seems to be bullish on the $153.76B market cap company.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 21st. General Electric's revenue for the quarter was up 11.5% compared to the same quarter previous year. Blackrock Inc invested in 1.50 million shares or 0% of the stock.

First hijab-wearing Barbie doll presented in USA
This series of dolls pushing for the recognition of women who violate the boundaries and inspiring the next generation of girls. Muhammad said she hoped the doll would inspire girls to embrace what makes them unique.

Amazon sells key AWS China assets to local partner, regulatory compliance cited
On Tuesday, the e-commerce giant rejected media reports tying its asset sale to an imminent departure from the Chinese market. Foreign firms there have long complained about local restrictions that appeared to favor domestic players.

Alibaba's Singles' Day Goes Global With Record $25 Billion in Sales
China has 731 million internet users, up 6 per cent from 2016, according to government statistics. The e-commerce company saw sales rise 40% this year, an increase of $7.5bn on 2016.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th.

In trading Monday, GE shares fell 8% to $18.87, the lowest level in five and a half years. The ex-dividend date was Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 5.05%. General Electric's dividend payout ratio (DPR) is now 120.00%. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and global copyright and trademark legislation. Granite Investment Partners LLC's holdings in General Electric were worth $3,839,000 as of its most recent SEC filing. Morgan Stanley accumulated 282,170 shares or 0% of the stock. American International Group Inc now holds 60,008 shares valued at $2,739,000.

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