First National Bank & Trust Co. of Newtown Sells 140 Shares of General Electric (NYSE:GE)

First National Bank & Trust Co. of Newtown lowered its stake in General Electric (NYSE:GE) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,727 shares of the conglomerate’s stock after selling 140 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in General Electric were worth $1,834,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GE. Studio Investment Management LLC grew its position in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in General Electric in the 3rd quarter valued at $27,000. MFA Wealth Advisors LLC acquired a new position in General Electric in the 2nd quarter valued at $31,000. Finally, Financial Connections Group Inc. bought a new position in General Electric during the 2nd quarter worth $32,000. 74.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company’s 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 sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on GE. Deutsche Bank Aktiengesellschaft upped their price target on shares of General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. UBS Group raised their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Bank of America boosted 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. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Barclays lifted their price objective on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $200.93.

General Electric Price Performance

Shares of NYSE:GE opened at $178.85 on Friday. The firm has a 50 day simple moving average of $180.47 and a 200 day simple moving average of $169.59. The company has a market cap of $193.57 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.70 and a beta of 1.19. General Electric has a one year low of $89.59 and a one year high of $194.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

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. Research analysts predict that General Electric will post 4.22 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. General Electric’s dividend payout ratio (DPR) is presently 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.