Coho Partners Ltd. Continues to Hold Stake in General Electric Company (GE)

Coho Partners Ltd. maintained its stake in shares of General Electric Company (NYSE:GE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in shares of General Electric Company by 3.0% in the fourth quarter. State Street Corp now owns 357,567,340 shares of the conglomerate’s stock worth $11,299,139,000 after buying an additional 10,321,746 shares in the last quarter. FMR LLC raised its position in General Electric Company by 0.7% in the fourth quarter. FMR LLC now owns 130,741,961 shares of the conglomerate’s stock valued at $4,131,446,000 after buying an additional 900,672 shares in the last quarter. Fisher Asset Management LLC raised its position in General Electric Company by 0.4% in the third quarter. Fisher Asset Management LLC now owns 31,455,841 shares of the conglomerate’s stock valued at $931,722,000 after buying an additional 140,857 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in General Electric Company by 1.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,678,692 shares of the conglomerate’s stock valued at $582,883,000 after buying an additional 293,566 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in General Electric Company by 0.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 9,690,000 shares of the conglomerate’s stock valued at $287,018,000 after buying an additional 80,000 shares in the last quarter. Institutional investors and hedge funds own 54.68% of the company’s stock.

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

General Electric Company (NYSE:GE) traded down 1.867% during mid-day trading on Friday, hitting $29.705. 58,973,537 shares of the stock traded hands. General Electric Company has a 12-month low of $28.19 and a 12-month high of $33.00. The company has a market cap of $259.17 billion, a price-to-earnings ratio of 33.264 and a beta of 1.20. The firm’s 50-day moving average is $29.83 and its 200-day moving average is $30.23. General Electric Company also saw some unusual options trading on Thursday. Stock investors purchased 2,590 call options on the company. This is an increase of 143% compared to the typical volume of 1,064 call options.

General Electric Company (NYSE:GE) last issued its quarterly earnings data on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The company earned $27.66 billion during the quarter, compared to analysts’ expectations of $26.37 billion. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. Equities research analysts expect that General Electric Company will post $1.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Monday, February 27th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.17%. General Electric Company’s payout ratio is presently 106.67%.

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Several research analysts have issued reports on GE shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $28.00 target price on shares of General Electric Company in a research report on Thursday, January 5th. BMO Capital Markets reaffirmed a “hold” rating on shares of General Electric Company in a research note on Thursday, March 23rd. Royal Bank of Canada reissued a “positive” rating on shares of General Electric Company in a research note on Wednesday, March 22nd. Zacks Investment Research downgraded shares of General Electric Company from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Finally, Barclays PLC reissued an “overweight” rating and issued a $36.00 price objective on shares of General Electric Company in a research note on Monday, March 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.02.

In other news, Vice Chairman David Leon Joyce sold 159,662 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the completion of the transaction, the insider now directly owns 738,907 shares in the company, valued at approximately $21,842,090.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey S. Bornstein bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The shares were bought at an average price of $29.63 per share, with a total value of $148,150.00. Following the completion of the transaction, the insider now directly owns 68,757 shares in the company, valued at approximately $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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