General Electric (NYSE:GE) Stock Price Down 0.6% - Should You Sell?

General Electric (NYSE:GE - Get Free Report)'s stock price fell 0.6% during trading on Thursday . The company traded as low as $182.02 and last traded at $182.41. 889,664 shares traded hands during trading, a decline of 86% from the average session volume of 6,228,945 shares. The stock had previously closed at $183.56.

Analyst Upgrades and Downgrades

GE has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price objective on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective 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. Melius Research boosted their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Sanford C. Bernstein lifted their target price on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Citigroup upped their price target on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, General Electric has a consensus rating of "Moderate Buy" and a consensus target price of $200.93.

General Electric Trading Down 2.5 %

The company's 50-day moving average is $181.69 and its 200-day moving average is $170.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a market cap of $193.66 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 1.80 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS 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 company had revenue of $9.84 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter in the previous year, the company earned $0.82 EPS. General Electric's revenue was up 5.8% on a year-over-year basis. On average, research analysts predict that General Electric will post 4.22 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently disclosed 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 0.63%. The ex-dividend date was Thursday, September 26th. General Electric's payout ratio is 19.68%.

Insider Activity

In other news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General Electric

A number of institutional investors have recently added to or reduced their stakes in GE. Studio Investment Management LLC lifted its holdings in 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 buying an additional 78 shares during the period. Toth Financial Advisory Corp acquired a new position in General Electric in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of General Electric in the 3rd quarter valued at $28,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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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