General Electric (NYSE:GE) VP Thomas S. Timko purchased 10,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of $8.83 per share, with a total value of $88,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of General Electric stock opened at $8.16 on Thursday. The business has a 50-day moving average of $9.85 and a 200-day moving average of $9.93. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.73 and a quick ratio of 1.44. The company has a market capitalization of $75.66 billion, a PE ratio of 12.55, a P/E/G ratio of 1.87 and a beta of 1.03. General Electric has a 1-year low of $6.66 and a 1-year high of $13.78.

General Electric (NYSE:GE) last announced its earnings results on Wednesday, July 31st. The conglomerate reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.05. The company had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.83 billion. General Electric had a positive return on equity of 10.64% and a negative net margin of 15.38%. The company’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. On average, equities analysts expect that General Electric will post 0.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 1st were paid a dividend of $0.01 per share. The ex-dividend date was Friday, June 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.49%. General Electric’s dividend payout ratio is presently 6.15%.

Several analysts recently issued reports on the company. UBS Group downgraded General Electric from a “buy” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $11.50 in a report on Monday, July 15th. Citigroup set a $14.00 price target on General Electric and gave the company a “buy” rating in a report on Friday, August 16th. Cowen reiterated a “hold” rating and issued a $8.00 price target on shares of General Electric in a report on Wednesday, May 1st. William Blair reiterated a “buy” rating on shares of General Electric in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of General Electric in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.68.

A number of large investors have recently bought and sold shares of GE. Ashburton Jersey Ltd acquired a new position in General Electric in the second quarter worth about $25,000. Employers Holdings Inc. acquired a new position in General Electric in the second quarter worth about $28,000. Fusion Family Wealth LLC grew its stake in General Electric by 10,516.0% in the second quarter. Fusion Family Wealth LLC now owns 2,654 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 2,629 shares in the last quarter. Arbor Wealth Management LLC acquired a new position in General Electric in the fourth quarter worth about $30,000. Finally, Manchester Financial Inc. acquired a new position in General Electric in the second quarter worth about $30,000. Institutional investors and hedge funds own 58.85% of the company’s stock.

About General Electric

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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