November 10, 2019 at 2:35 pm

Community Bank of Raymore Cuts Stock Holdings in General Electric (NYSE:GE)

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Community Bank of Raymore trimmed its stake in shares of General Electric (NYSE:GE) by 10.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 767,008 shares of the conglomerate’s stock after selling 86,225 shares during the period. General Electric accounts for 2.8% of Community Bank of Raymore’s portfolio, making the stock its 12th largest holding. Community Bank of Raymore’s holdings in General Electric were worth $6,857,000 as of its most recent filing with the SEC.

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A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ashburton Jersey Ltd bought a new stake in shares of General Electric in the 2nd quarter worth about $25,000. Venturi Wealth Management LLC bought a new stake in shares of General Electric in the 3rd quarter worth about $25,000. Employers Holdings Inc. bought a new stake in shares of General Electric in the 2nd quarter worth about $28,000. Fusion Family Wealth LLC lifted its holdings in shares of General Electric by 10,516.0% in the 2nd quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after acquiring an additional 2,629 shares during the last quarter. Finally, Manchester Financial Inc. bought a new stake in shares of General Electric in the 2nd quarter worth about $30,000. 58.97% of the stock is owned by institutional investors.

In related news, Director Paula Rosput Reynolds acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of $9.05 per share, for a total transaction of $45,250.00. Following the acquisition, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $149,325. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas S. Timko acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of $8.83 per share, with a total value of $88,300.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 801,068 shares of company stock valued at $6,954,745 in the last quarter. 1.13% of the stock is currently owned by company insiders.

Shares of GE opened at $11.52 on Friday. General Electric has a 1-year low of $6.66 and a 1-year high of $11.75. The company has a 50-day moving average of $9.25 and a 200 day moving average of $9.58. The firm has a market capitalization of $100.61 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.46 and a beta of 1.13. The company has a debt-to-equity ratio of 2.67, a current ratio of 1.84 and a quick ratio of 1.60.

General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. General Electric had a negative net margin of 4.39% and a positive return on equity of 11.69%. The company had revenue of $23.36 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts anticipate that General Electric will post 0.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, September 16th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. General Electric’s payout ratio is 6.15%.

Several research firms have recently issued reports on GE. ValuEngine upgraded shares of General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays restated a “buy” rating and issued a $12.00 target price on shares of General Electric in a report on Friday, October 4th. William Blair restated a “buy” rating on shares of General Electric in a report on Friday, August 16th. Royal Bank of Canada restated a “buy” rating and issued a $13.00 target price on shares of General Electric in a report on Wednesday, October 30th. Finally, Morgan Stanley began coverage on shares of General Electric in a report on Thursday, September 5th. They issued an “equal weight” rating and a $10.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus target price of $10.41.

General Electric Company Profile

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.

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

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