General Electric to slice up its empire

Screen Shot 2017 11 10

The dividend cut, only GE's second since the Great Depression, shows the depths of the iconic company's financial problems.

Other institutional investors and hedge funds have also modified their holdings of the company. Flaharty Asset Management LLC acquired a new position in General Electric during the 1st quarter worth approximately $226,000. The firm owned 142,125 shares of the conglomerate's stock after selling 18,586 shares during the quarter. The stock was acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00.

The rough year for General Electric shareholders will not end anytime soon as the company's turnaround plan did not meet expectations, according to Wall Street analysts.

General Electric Co. has a 52-week low of $27.10 and a 52-week high of $33.00.

The stock decreased 7.17% or $1.47 during the last trading session, reaching $19.02. Lpl Financial Ltd Liability Company owns 37,952 shares. Many companies are increasing them because the USA economy is healthy and the stock market is booming. General Electric Co. The company's 50-day moving average is $30.61 and its 200 day moving average is $30.59. The stock of General Electric Company (NYSE:GE) has "Sell" rating given on Friday, July 22 by Standpoint Research. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.20). The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.64 billion. General Electric's revenue for the quarter was up 11.5% compared to the same quarter past year.

In addition to its cost-cutting measures, GE forecast full-year 2018 adjusted earnings of $1 to $1.07 a share, well below the $1.18 that Wall Street was expecting.

More notable recent QuickLogic Corporation (NASDAQ:QUIK) news were published by: which released: "QuickLogic to Showcase its ArcticPro eFPGA Solutions at Multiple ..." on September 18, 2017, also with their article: "QuickLogic: Buy The Pullback" published on March 21, 2017, published: "QuickLogic Reports Fiscal 2017 Third Quarter Results" on November 08, 2017. The ex-dividend date was Friday, September 15th. When benchmark lending rates rise, it makes the yield offered by dividend payers less attractive. The South Dakota-based South Dakota Inv Council has invested 0.51% in General Electric Company (NYSE:GE). Howard Cap owns 2.49% invested in General Electric Company (NYSE:GE) for 586,308 shares. "(GE) Stake Lowered by ELM Advisors LLC" was originally published by and is the propert of of. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark legislation. The correct version of this report can be read at

GE has been the subject of several analyst reports. Moreover, Edmp Inc. has 3.7% invested in the company for 121,086 shares. S&P Research maintained General Electric Company (NYSE:GE) rating on Tuesday, October 20. RBC Capital Markets has "Buy" rating and $3500 target. Stifel Nicolaus' price objective indicates a potential upside of 21.18% from the stock's current price. Supplemental Annuity Collective Of Nj has 1.33% invested in General Electric Company (NYSE:GE). It also reduced its holding in Lyondellbasell Industries N (NYSE:LYB) by 190,595 shares in the quarter, leaving it with 8,099 shares, and cut its stake in Nxp Semiconductors N V (NASDAQ:NXPI). Commonwealth Equity Serv Inc owns 35,885 shares. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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