Community Bank of Raymore Has $1.57 Million Stake in General Electric (NYSE:GE)

Community Bank of Raymore trimmed its holdings in General Electric (NYSE:GE) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,395 shares of the conglomerate’s stock after selling 3,375 shares during the period. General Electric accounts for about 1.2% of Community Bank of Raymore’s portfolio, making the stock its 23rd biggest holding. Community Bank of Raymore’s holdings in General Electric were worth $1,567,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Toth Financial Advisory Corp bought a new position in shares of General Electric during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of General Electric during the third quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric during the third quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric during the third quarter worth approximately $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of General Electric 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 completion of the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

General Electric Trading Up 1.7 %

NYSE GE opened at $182.83 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $101.16 and a twelve month high of $194.80. The company has a market cap of $197.87 billion, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. The business’s fifty day moving average is $174.33 and its 200 day moving average is $174.08.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the business posted $0.82 EPS. General Electric’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is presently 19.68%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group raised their price objective on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Citigroup raised their price objective on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Royal Bank of Canada lowered their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Northcoast Research assumed coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $201.47.

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.