General Electric Company (GE) Shares Sold by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO cut its holdings in shares of General Electric Company (NYSE:GE) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,898 shares of the conglomerate’s stock after selling 3,615 shares during the period. General Electric comprises approximately 0.9% of Indiana Trust & Investment Management CO’s holdings, making the stock its 26th largest holding. Indiana Trust & Investment Management CO owned approximately 0.12% of General Electric worth $1,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Peak Financial Management Inc. boosted its position in General Electric by 0.3% in the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after buying an additional 25 shares during the last quarter. Puplava Financial Services Inc. boosted its position in General Electric by 0.4% in the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after buying an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its position in General Electric by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after buying an additional 67 shares during the last quarter. Northwest Wealth Management LLC boosted its position in General Electric by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after buying an additional 75 shares during the last quarter. Finally, NorthRock Partners LLC boosted its position in General Electric by 0.9% in the 2nd quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 55.61% of the company’s stock.

GE has been the topic of a number of recent research reports. Goldman Sachs Group set a $22.00 price objective on General Electric and gave the company a “neutral” rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co set a $17.00 price objective on General Electric and gave the company a “sell” rating in a research report on Wednesday, November 15th. Bank of America upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Monday, October 23rd. Stifel Nicolaus set a $22.00 price objective on General Electric and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Finally, Vetr upgraded General Electric from a “buy” rating to a “strong-buy” rating and set a $23.28 price objective on the stock in a research report on Monday, October 30th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.39.

In other General Electric news, Director Francisco Dsouza acquired 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the purchase, the director now directly owns 5,500 shares in the company, valued at approximately $100,320. The disclosure for this purchase can be found here. Insiders have purchased a total of 120,500 shares of company stock worth $2,183,220 in the last ninety days. 0.36% of the stock is currently owned by company insiders.

General Electric Company (NYSE:GE) opened at $17.76 on Tuesday. General Electric Company has a 12-month low of $17.46 and a 12-month high of $32.38. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 1.53. The stock has a market capitalization of $154,493.20, a price-to-earnings ratio of 14.37, a PEG ratio of 1.93 and a beta of 1.06.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts anticipate that General Electric Company will post 1.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s payout ratio is presently 120.00%.

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

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