Cwm LLC Has $4.14 Million Stock Position in General Electric (NYSE:GE)

Cwm LLC cut its holdings in shares of General Electric (NYSE:GE) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,397 shares of the conglomerate’s stock after selling 1,355 shares during the quarter. Cwm LLC’s holdings in General Electric were worth $4,135,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GE. WCM Investment Management LLC acquired a new position in General Electric in the 4th quarter valued at $520,488,000. Brown Advisory Inc. grew its holdings in General Electric by 265.7% in the 3rd quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after buying an additional 2,185,793 shares in the last quarter. International Assets Investment Management LLC grew its holdings in General Electric by 11,947.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after buying an additional 1,563,484 shares in the last quarter. Carmignac Gestion acquired a new position in General Electric in the 3rd quarter valued at $133,581,000. Finally, AQR Capital Management LLC grew its holdings in General Electric by 358.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock valued at $161,035,000 after buying an additional 1,138,896 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GE shares. Royal Bank of Canada cut their target price on General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Barclays cut their target price on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. cut their target price on General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company cut their target price on General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Finally, Vertical Research initiated coverage on General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.07.

General Electric Price Performance

General Electric stock opened at $162.62 on Wednesday. The company has a market capitalization of $177.79 billion, a PE ratio of 19.43, a P/E/G ratio of 2.96 and a beta of 1.29. The stock has a 50-day moving average price of $159.94 and a two-hundred day moving average price of $135.39. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 12 month low of $76.87 and a 12 month high of $163.65.

General Electric (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Analysts expect that General Electric will post 3.76 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be paid a $0.28 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. General Electric’s dividend payout ratio is presently 13.38%.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.