Cwm LLC Sells 1,355 Shares of General Electric (NYSE:GE)

Cwm LLC reduced its stake in General Electric (NYSE:GE) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm 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 filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Atlas Brown Inc. increased its position in shares of General Electric by 1.0% during the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock worth $1,062,000 after purchasing an additional 85 shares in the last quarter. Capital Analysts LLC increased its position in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of General Electric by 9.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock worth $131,000 after purchasing an additional 91 shares in the last quarter. Ballast Advisors LLC increased its position in shares of General Electric by 4.8% in the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after acquiring an additional 91 shares during the period. Finally, King Wealth increased its position in shares of General Electric by 3.2% in the 3rd quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock valued at $330,000 after acquiring an additional 92 shares during the period. 74.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. StockNews.com initiated coverage on General Electric in a research report on Sunday. They issued a “hold” rating on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. The Goldman Sachs Group initiated coverage on General Electric in a research report on Tuesday, April 9th. They set a “buy” rating and a $190.00 price target on the stock. 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 price target on the stock. Two 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 currently has a consensus rating of “Moderate Buy” and an average target price of $160.07.

General Electric Trading Up 8.3 %

Shares of General Electric stock opened at $162.62 on Wednesday. The firm 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. General Electric has a twelve month low of $76.87 and a twelve month high of $163.65. The firm’s 50-day moving average price is $159.94 and its 200 day moving average price is $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 (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. General Electric’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. On average, sell-side analysts predict that General Electric will post 3.76 EPS for the current fiscal year.

General Electric Increases Dividend

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

Insiders Place Their Bets

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

General Electric Company 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.