Community Trust & Investment Co. Has $283,000 Stock Holdings in General Electric (NYSE:GE)

Community Trust & Investment Co. raised its position in shares of General Electric (NYSE:GE) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,695 shares of the conglomerate’s stock after purchasing an additional 107 shares during the period. Community Trust & Investment Co.’s holdings in General Electric were worth $283,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GE. Toth Financial Advisory Corp acquired a new stake in General Electric in the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric in the 3rd quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric during the 3rd quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 3.0 %

Shares of NYSE:GE opened at $176.77 on Wednesday. The firm has a market cap of $191.32 billion, a P/E ratio of 31.07, a PEG ratio of 1.63 and a beta of 1.19. General Electric has a 52-week low of $100.95 and a 52-week high of $194.80. The business’s 50 day simple moving average is $174.37 and its two-hundred day simple moving average is $173.74. 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 posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the firm posted $0.82 EPS. General Electric’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is presently 19.68%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GE. Sanford C. Bernstein increased their target price on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. UBS Group increased their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Northcoast Research initiated coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating on the stock. Bank of America increased their price target on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.47.

Insider Buying and Selling

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

General Electric 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.