L.M. Kohn & Company Takes Position in General Electric (NYSE:GE)

L.M. Kohn & Company purchased a new stake in General Electric (NYSE:GE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,353 shares of the conglomerate’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Burney Co. increased its stake in General Electric by 64.0% during the 1st quarter. Burney Co. now owns 3,163 shares of the conglomerate’s stock worth $555,000 after buying an additional 1,234 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in General Electric by 15.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,822 shares of the conglomerate’s stock worth $608,000 after buying an additional 499 shares in the last quarter. Marcum Wealth LLC increased its stake in General Electric by 8.4% during the 2nd quarter. Marcum Wealth LLC now owns 2,922 shares of the conglomerate’s stock worth $465,000 after buying an additional 226 shares in the last quarter. HBW Advisory Services LLC increased its stake in General Electric by 11.2% during the 2nd quarter. HBW Advisory Services LLC now owns 2,163 shares of the conglomerate’s stock worth $344,000 after buying an additional 218 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in General Electric during the 2nd quarter worth approximately $219,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on GE shares. Sanford C. Bernstein boosted their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada cut their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Bank of America upped their price target on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their price target on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.93.

General Electric Trading Up 0.9 %

GE opened at $182.16 on Friday. General Electric has a one year low of $94.54 and a one year high of $194.80. The stock has a market capitalization of $197.15 billion, a PE ratio of 32.01, a P/E/G ratio of 1.78 and a beta of 1.19. The business’s 50 day moving average price is $183.01 and its 200 day moving average price is $171.74. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is 19.68%.

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.