General Electric (NYSE:GE) Shares Down 1.3% - Should You Sell?

General Electric (NYSE:GE - Get Free Report) was down 1.3% during trading on Monday . The stock traded as low as $173.02 and last traded at $173.33. Approximately 1,178,643 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 6,103,214 shares. The stock had previously closed at $175.58.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Citigroup upped their price objective on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Sanford C. Bernstein raised their target price on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Bank of America upped their price target on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on General Electric from $205.00 to $210.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $200.93.

General Electric Stock Performance

The business's 50 day simple moving average is $182.10 and its two-hundred day simple moving average is $172.43. The firm has a market capitalization of $185.37 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95.

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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 (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 EPS. Sell-side analysts anticipate that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's dividend payout ratio is currently 19.68%.

Insider Transactions at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the company's stock in a transaction on 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 sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Institutional Investors Weigh In On General Electric

A number of hedge funds have recently modified their holdings of GE. Tyro Capital Management LLC grew its holdings in General Electric by 0.6% during the third quarter. Tyro Capital Management LLC now owns 70,607 shares of the conglomerate's stock valued at $13,315,000 after purchasing an additional 429 shares during the period. Franklin Resources Inc. grew its stake in shares of General Electric by 206.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock valued at $278,247,000 after acquiring an additional 973,135 shares during the period. Peapack Gladstone Financial Corp increased its holdings in General Electric by 0.6% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 48,843 shares of the conglomerate's stock worth $9,211,000 after acquiring an additional 278 shares in the last quarter. Tidal Investments LLC raised its stake in General Electric by 33.2% during the 3rd quarter. Tidal Investments LLC now owns 67,199 shares of the conglomerate's stock worth $12,672,000 after acquiring an additional 16,760 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in General Electric by 188.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 41,004 shares of the conglomerate's stock valued at $7,733,000 after purchasing an additional 26,770 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

About General Electric

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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