Moody National Bank Trust Division Sells 11,541 Shares of General Electric (NYSE:GE)

Moody National Bank Trust Division decreased its holdings in shares of General Electric (NYSE:GE - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,036 shares of the conglomerate's stock after selling 11,541 shares during the period. Moody National Bank Trust Division's holdings in General Electric were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV raised its position in shares of General Electric by 9.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate's stock worth $131,000 after acquiring an additional 91 shares during the last quarter. King Wealth raised its holdings in General Electric by 3.2% during the 3rd quarter. King Wealth now owns 2,988 shares of the conglomerate's stock worth $330,000 after purchasing an additional 92 shares during the last quarter. Ancora Advisors LLC lifted its position in General Electric by 5.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,776 shares of the conglomerate's stock valued at $196,000 after purchasing an additional 92 shares during the period. Macroview Investment Management LLC boosted its stake in shares of General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate's stock valued at $35,000 after purchasing an additional 96 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its position in shares of General Electric by 2.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 3,765 shares of the conglomerate's stock worth $410,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 74.83% of the company's stock.

Insider Buying and Selling

In other news, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares of the company's stock, valued at approximately $6,552,351.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company's stock, valued at $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GE has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed a "market perform" rating on shares of General Electric in a research note on Tuesday, March 5th. Citigroup increased their target price on shares of General Electric from $135.00 to $148.00 and gave the stock a "buy" rating in a report on Monday, December 11th. StockNews.com assumed coverage on shares of General Electric in a report on Wednesday. They issued a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of General Electric from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $166.00 to $180.00 in a research report on Friday, March 8th. Finally, Barclays boosted their target price on General Electric from $153.00 to $181.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $146.54.

General Electric Stock Up 1.6 %

Shares of NYSE GE traded up $2.71 during mid-day trading on Thursday, hitting $176.64. The company had a trading volume of 6,295,575 shares, compared to its average volume of 6,007,345. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $146.89 and a two-hundred day simple moving average of $127.16. The company has a market capitalization of $193.12 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. General Electric has a one year low of $89.55 and a one year high of $177.05.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.13. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same period last year, the company earned $1.24 earnings per share. The business's revenue was up 15.4% compared to the same quarter last year. On average, equities analysts expect that General Electric will post 4.57 EPS for the current year.

General Electric Company Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.