GURUFOCUS: Warren Buffett's General Electric share price lacks spark

The prices of General Electric Company (GE) shares have declined to close the 52-week low of $32.05, which is 24.9% lower than its 52-week high of $42.15. General Electric Company is owned by 18 Gurus we are tracking. 8 have added to their positions, 9 reduced their positions, and 1 left them unchanged. GE, one of the largest companies in the world, has a market cap of $320.04 billion, P/E ratio of 14.75 and a P/S ratio of 2.16. The dividend yield of General Electric Company stocks is 3.9%.

GE’s last quarter earnings were lower than expected, which caused its stock to plunge about 13%. As consumer confidence was also at a 26-year low, following GE’s plunge, major indexes dropped more than 2% on last Friday.

Ruane Cunniff owns 705,207 shares as of 12/31/2007, an increase of 78.15% from the previous quarter. Mark Hillman owns 1,543,717 shares as of 12/31/2007, an increase of 58.05% from the previous quarter. Tom Gayner owns 3,681,234 shares as of 12/31/2007. Jean-Marie Eveillard owns 186,500 shares as of 12/31/2007, a decrease of 96.32% of from the previous quarter.

Most notably, legendary investor Warren Buffett owns 7,777,900 shares as of 12/31/2007, which accounts for 0.42% of the $68.77 billion portfolio of Berkshire Hathaway.

Chairman and CEO, Director Jeffrey R. Immelt keeps buying GE shares. In February he bought 90,000 shares of GE stock at the average price of $33.42. Director Ralph S. Larsen bought 25,000 shares of GE stock on 01/22/2008 at the average price of $33.55.

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