Cwm LLC Grows Stake in General Electric (GE)

Cwm LLC lifted its position in General Electric (NYSE:GE) by 13.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,636 shares of the conglomerate’s stock after buying an additional 5,275 shares during the period. Cwm LLC’s holdings in General Electric were worth $338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of General Electric by 250.0% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 3,500 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 2,500 shares during the period. Mackey Komara & Dankovich LLC purchased a new stake in shares of General Electric in the fourth quarter valued at about $27,000. Edge Wealth Management LLC lifted its position in General Electric by 47.4% in the fourth quarter. Edge Wealth Management LLC now owns 4,045 shares of the conglomerate’s stock valued at $31,000 after buying an additional 1,300 shares during the last quarter. NuWave Investment Management LLC lifted its position in General Electric by 170.3% in the fourth quarter. NuWave Investment Management LLC now owns 6,016 shares of the conglomerate’s stock valued at $46,000 after buying an additional 3,790 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in General Electric by 24.8% in the third quarter. Tortoise Investment Management LLC now owns 8,654 shares of the conglomerate’s stock valued at $98,000 after buying an additional 1,719 shares during the last quarter. 56.98% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on GE shares. JPMorgan Chase & Co. raised shares of General Electric from an “underweight” rating to a “neutral” rating and set a $6.00 target price on the stock in a research report on Thursday, December 13th. Credit Suisse Group set a $10.00 target price on shares of General Electric and gave the company a “neutral” rating in a research report on Thursday, January 3rd. Vertical Research raised shares of General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 19th. Barclays decreased their target price on shares of General Electric from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, December 17th. Finally, Goldman Sachs Group set a $9.00 target price on shares of General Electric and gave the company a “neutral” rating in a research report on Friday, November 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.44.

In other news, insider Russell Stokes sold 49,904 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.93, for a total transaction of $495,546.72. Following the sale, the insider now owns 265,986 shares of the company’s stock, valued at $2,641,240.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Shares of GE opened at $9.96 on Friday. The stock has a market cap of $84.74 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 3.33 and a beta of 0.99. General Electric has a 1 year low of $6.66 and a 1 year high of $15.59. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.43 and a current ratio of 1.81.

General Electric (NYSE:GE) last issued its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). The business had revenue of $33.28 billion for the quarter, compared to analyst estimates of $32.01 billion. General Electric had a positive return on equity of 9.85% and a negative net margin of 18.38%. As a group, analysts predict that General Electric will post 0.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.40%. General Electric’s dividend payout ratio is presently 6.15%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2019/03/16/cwm-llc-grows-stake-in-general-electric-ge.html.

About General Electric

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

Further Reading: How are institutional investors different from individual investors?

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).

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

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.