General Electric Company (GE) Stake Reduced by Cohen Lawrence B

Cohen Lawrence B decreased its position in shares of General Electric Company (NYSE:GE) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,010 shares of the conglomerate’s stock after selling 1,850 shares during the period. Cohen Lawrence B’s holdings in General Electric Company were worth $775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. increased its position in General Electric Company by 1.5% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 7,488 shares of the conglomerate’s stock valued at $237,000 after buying an additional 111 shares during the last quarter. Mastrapasqua Asset Management Inc. increased its position in General Electric Company by 0.8% in the third quarter. Mastrapasqua Asset Management Inc. now owns 19,185 shares of the conglomerate’s stock valued at $568,000 after buying an additional 155 shares during the last quarter. Leisure Capital Management increased its position in General Electric Company by 0.3% in the third quarter. Leisure Capital Management now owns 68,894 shares of the conglomerate’s stock valued at $2,041,000 after buying an additional 188 shares during the last quarter. Marcus Capital LLC increased its position in General Electric Company by 0.3% in the third quarter. Marcus Capital LLC now owns 73,950 shares of the conglomerate’s stock valued at $2,190,000 after buying an additional 200 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. increased its position in General Electric Company by 0.4% in the third quarter. Godshalk Welsh Capital Management Inc. now owns 56,400 shares of the conglomerate’s stock valued at $1,671,000 after buying an additional 200 shares during the last quarter. Institutional investors own 55.08% of the company’s stock.

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

Shares of General Electric Company (GE) opened at 29.00 on Friday. General Electric Company has a one year low of $27.10 and a one year high of $33.00. The stock has a 50 day moving average of $28.29 and a 200-day moving average of $29.89. The stock has a market capitalization of $251.83 billion, a P/E ratio of 29.53 and a beta of 1.25.

General Electric Company (NYSE:GE) last posted its quarterly earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. General Electric Company had a return on equity of 16.59% and a net margin of 7.48%. The business had revenue of $27.66 billion during the quarter, compared to the consensus estimate of $26.37 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts forecast that General Electric Company will post $1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Monday, June 19th will be paid a $0.24 dividend. The ex-dividend date is Thursday, June 15th. This represents a $0.96 annualized dividend and a yield of 3.31%. General Electric Company’s payout ratio is 97.96%.

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GE has been the topic of several research reports. Barclays PLC restated an “overweight” rating and set a $36.00 price objective on shares of General Electric Company in a report on Monday, March 20th. Zacks Investment Research lowered shares of General Electric Company from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. Sanford C. Bernstein set a $38.00 target price on shares of General Electric Company and gave the stock a “buy” rating in a research note on Friday, February 24th. Deutsche Bank AG set a $24.00 target price on shares of General Electric Company and gave the stock a “sell” rating in a research note on Monday, May 29th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of General Electric Company in a research note on Thursday, March 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. General Electric Company presently has an average rating of “Hold” and an average price target of $31.41.

In other General Electric Company news, Director William G. Beattie purchased 4,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $27.70 per share, for a total transaction of $110,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Jeffrey R. Immelt purchased 100,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $28.07 per share, with a total value of $2,807,000.00. Following the completion of the purchase, the chairman now directly owns 2,561,926 shares in the company, valued at $71,913,262.82. The disclosure for this purchase can be found here. Insiders acquired a total of 140,000 shares of company stock valued at $3,964,600 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

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