General Electric (NYSE:GE) Shares Down 0.2% - Time to Sell?

General Electric (NYSE:GE - Get Free Report) shares fell 0.2% during mid-day trading on Monday . The stock traded as low as $184.05 and last traded at $184.48. 660,794 shares changed hands during trading, a decline of 89% from the average session volume of 6,265,607 shares. The stock had previously closed at $184.81.

Analysts Set New Price Targets

A number of research analysts have issued reports on GE shares. StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. UBS Group raised their target price on General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on General Electric from $175.00 to $200.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $200.93.

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General Electric Trading Down 0.1 %

The stock has a market capitalization of $199.90 billion, a P/E ratio of 32.42, a PEG ratio of 1.82 and a beta of 1.19. The business's 50 day simple moving average is $180.78 and its 200-day simple moving average is $170.03. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the firm earned $0.82 EPS. General Electric's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, analysts forecast that General Electric will post 4.22 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is presently 19.68%.

Insider Buying and Selling

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Newport Trust Company LLC acquired a new stake in General Electric in the second quarter valued at $2,613,332,000. Capital World Investors lifted its stake in General Electric by 2,818.1% in the 1st quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock valued at $2,237,930,000 after purchasing an additional 12,312,648 shares during the last quarter. Capital International Investors grew its holdings in General Electric by 9.9% during the first quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock worth $10,373,936,000 after purchasing an additional 5,309,543 shares during the period. Canada Pension Plan Investment Board increased its position in General Electric by 221.6% during the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate's stock worth $1,250,079,000 after buying an additional 4,907,530 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in General Electric by 91.8% in the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock valued at $1,465,598,000 after buying an additional 3,719,894 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

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.

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