General Electric (NYSE:GE) SVP Russell Stokes Sells 15,550 Shares

General Electric (NYSE:GE - Get Free Report) SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares of the company's stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

General Electric Trading Up 0.2 %

Shares of GE stock traded up $0.37 during mid-day trading on Wednesday, reaching $177.93. The company's stock had a trading volume of 2,453,230 shares, compared to its average volume of 6,198,218. The company's 50 day simple moving average is $182.75 and its 200-day simple moving average is $170.91. General Electric has a 12-month low of $94.54 and a 12-month high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $192.57 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. On average, research analysts predict that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's dividend payout ratio is currently 19.68%.

Wall Street Analysts Forecast Growth

GE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Bank of America increased their price target on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein increased their price target on shares of General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, StockNews.com lowered shares of General Electric from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $200.93.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Tsfg LLC boosted its holdings in shares of General Electric by 12.8% in the 3rd quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after buying an additional 55 shares during the period. Macroview Investment Management LLC lifted its position in General Electric by 37.9% in the 2nd quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock valued at $34,000 after purchasing an additional 58 shares during the last quarter. Strategic Advisors LLC lifted its position in General Electric by 2.6% in the 3rd quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after purchasing an additional 58 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in General Electric by 1.0% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after purchasing an additional 60 shares during the last quarter. Finally, Allegheny Financial Group LTD lifted its position in General Electric by 1.4% in the 2nd quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate's stock valued at $714,000 after purchasing an additional 61 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

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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