General Electric Company (GE) Position Held by Coho Partners Ltd.

Coho Partners Ltd. continued to hold its position in shares of General Electric Company (NYSE:GE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,287 shares of the conglomerate’s stock at the end of the fourth quarter. Coho Partners Ltd.’s holdings in General Electric Company were worth $1,178,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rothschild Investment Corp IL increased its stake in shares of General Electric Company by 4.6% in the third quarter. Rothschild Investment Corp IL now owns 504,506 shares of the conglomerate’s stock worth $14,943,000 after buying an additional 22,344 shares during the period. NBW Capital LLC bought a new stake in shares of General Electric Company during the third quarter worth approximately $2,853,000. Leisure Capital Management increased its stake in shares of General Electric Company by 0.3% in the third quarter. Leisure Capital Management now owns 68,894 shares of the conglomerate’s stock worth $2,041,000 after buying an additional 188 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of General Electric Company by 2.7% in the third quarter. Farmers & Merchants Investments Inc. now owns 350,485 shares of the conglomerate’s stock worth $10,381,000 after buying an additional 9,113 shares during the period. Finally, Horizon Investments LLC increased its stake in shares of General Electric Company by 73.7% in the fourth quarter. Horizon Investments LLC now owns 49,545 shares of the conglomerate’s stock worth $1,565,000 after buying an additional 21,025 shares during the period. 54.68% of the stock is owned by institutional investors and hedge funds.

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

General Electric Company (NYSE:GE) traded down 2.38% during midday trading on Friday, hitting $29.55. 73,767,731 shares of the company traded hands. The stock’s 50-day moving average price is $29.83 and its 200 day moving average price is $30.22. General Electric Company has a 12-month low of $28.19 and a 12-month high of $33.00. The company has a market capitalization of $257.82 billion, a price-to-earnings ratio of 33.09 and a beta of 1.20. General Electric Company also was the recipient of some unusual options trading activity on Thursday. Stock traders acquired 2,590 call options on the company. This is an increase of 143% compared to the typical daily volume of 1,064 call options.

General Electric Company (NYSE:GE) last released its quarterly earnings data on Friday, April 21st. The conglomerate reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. The firm had revenue of $27.66 billion for the quarter, compared to analyst estimates of $26.37 billion. During the same period last year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that General Electric Company will post $1.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Monday, February 27th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, February 23rd. General Electric Company’s dividend payout ratio (DPR) is 106.67%.

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GE has been the subject of a number of recent research reports. Zacks Investment Research downgraded General Electric Company from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of General Electric Company in a research report on Thursday, January 5th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $28.00 price objective on shares of General Electric Company in a research report on Thursday, January 5th. Stifel Nicolaus set a $34.00 target price on shares of General Electric Company and gave the company a “buy” rating in a research note on Tuesday, January 17th. Finally, Vetr raised shares of General Electric Company from a “buy” rating to a “strong-buy” rating and set a $34.04 target price on the stock in a research note on Monday, January 23rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. General Electric Company has an average rating of “Hold” and an average price target of $33.02.

In related news, Vice Chairman David Leon Joyce sold 159,662 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the transaction, the insider now directly owns 738,907 shares of the company’s stock, valued at $21,842,090.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey S. Bornstein purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The shares were purchased at an average cost of $29.63 per share, for a total transaction of $148,150.00. Following the completion of the transaction, the insider now directly owns 68,757 shares of the company’s stock, valued at $2,037,269.91. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

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