Investors Buy General Electric Company (GE) on Weakness

Investors purchased shares of General Electric Company (NYSE:GE) on weakness during trading on Tuesday. $395.07 million flowed into the stock on the tick-up and $266.54 million flowed out of the stock on the tick-down, for a money net flow of $128.53 million into the stock. Of all equities tracked, General Electric had the highest net in-flow for the day. General Electric traded down ($0.07) for the day and closed at $23.36

GE has been the subject of a number of research analyst reports. UBS AG reaffirmed a “buy” rating and issued a $31.00 price target (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on shares of General Electric and gave the stock a “neutral” rating in a report on Friday, July 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $33.00 price target on shares of General Electric in a report on Saturday, July 22nd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $22.00 price target on shares of General Electric in a report on Thursday, September 7th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.39.

The company has a market cap of $202.25 billion, a price-to-earnings ratio of 28.45 and a beta of 1.19. The stock’s 50 day moving average is $24.41 and its 200 day moving average is $26.92.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Equities research analysts forecast that General Electric Company will post $1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.11%. General Electric’s payout ratio is 118.52%.

In related news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total value of $633,375.45. Following the sale, the insider now directly owns 175,717 shares of the company’s stock, valued at approximately $4,507,141.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alexander Dimitrief acquired 1,845 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the purchase, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 233,253 shares of company stock worth $5,860,264. 0.36% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Peak Financial Management Inc. grew its stake in General Electric by 0.3% in the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after acquiring an additional 25 shares during the last quarter. BerganKDV Wealth Management LLC grew its stake in General Electric by 0.3% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock valued at $319,000 after acquiring an additional 36 shares during the last quarter. Puplava Financial Services Inc. grew its stake in General Electric by 0.4% in the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after acquiring an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in General Electri

GE has been the subject of a number of research analyst reports. UBS AG reaffirmed a “buy” rating and issued a $31.00 price target (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target for the company. in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on shares of General Electric and gave the stock a “neutral” rating in a report on Friday, July 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $33.00 price target on shares of General Electric in a report on Saturday, July 22nd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $22.00 price target on shares of General Electric in a report on Thursday, September 7th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.39.

The company has a market cap of $202.25 billion, a price-to-earnings ratio of 28.45 and a beta of 1.19. The stock’s 50 day moving average is $24.41 and its 200 day moving average is $26.92.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The firm’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Equities research analysts forecast that General Electric Company will post $1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Monday, September 18th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.11%. General Electric’s payout ratio is 118.52%.

In related news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total value of $633,375.45. Following the sale, the insider now directly owns 175,717 shares of the company’s stock, valued at approximately $4,507,141.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alexander Dimitrief acquired 1,845 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the purchase, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 233,253 shares of company stock worth $5,860,264. 0.36% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Peak Financial Management Inc. grew its stake in General Electric by 0.3% in the 2nd quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock valued at $251,000 after acquiring an additional 25 shares during the last quarter. BerganKDV Wealth Management LLC grew its stake in General Electric by 0.3% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock valued at $319,000 after acquiring an additional 36 shares during the last quarter. Puplava Financial Services Inc. grew its stake in General Electric by 0.4% in the 2nd quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after acquiring an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in General Electric by 0.3% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after acquiring an additional 67 shares during the last quarter. Finally, Northwest Wealth Management LLC grew its stake in General Electric by 0.8% in the 2nd quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after acquiring an additional 75 shares during the last quarter. 54.69% of the stock is currently owned by hedge funds and other institutional investors.

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