Traders bought shares of General Electric Company (NYSE:GE) on weakness during trading hours on Friday. $127.21 million flowed into the stock on the tick-up and $84.81 million flowed out of the stock on the tick-down, for a money net flow of $42.40 million into the stock. Of all equities tracked, General Electric had the 4th highest net in-flow for the day. General Electric traded down ($0.10) for the day and closed at $25.20

A number of analysts recently commented on the company. Cowen and Company reiterated a “hold” rating and set a $30.00 price objective on shares of General Electric in a research report on Thursday, April 20th. Vetr cut General Electric from a “buy” rating to a “hold” rating and set a $30.43 price objective for the company. in a research report on Friday, April 14th. Stifel Nicolaus lifted their price objective on General Electric from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Bank of America Corporation cut General Electric from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $31.00 in a research report on Tuesday, April 25th. Finally, Argus dropped their price objective on General Electric from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.08.

The company has a 50-day moving average of $26.35 and a 200-day moving average of $28.56. The company has a market cap of $218.18 billion, a PE ratio of 30.69 and a beta of 1.21.

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 business had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS. On average, equities research analysts predict that General Electric Company will post $1.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.96 annualized dividend and a yield of 3.81%. General Electric’s payout ratio is 118.52%.

In other General Electric news, CEO John Leonard Flannery bought 103,983 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $25.56 per share, for a total transaction of $2,657,805.48. Following the purchase, the chief executive officer now directly owns 509,430 shares in the company, valued at $13,021,030.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jeffrey R. Immelt bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $28.07 per share, with a total value of $2,807,000.00. Following the purchase, the chairman now owns 2,561,926 shares in the company, valued at $71,913,262.82. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 253,253 shares of company stock valued at $6,770,864. 0.36% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. BerganKDV Wealth Management LLC increased its stake in shares of General Electric by 0.3% in the second quarter. BerganKDV Wealth Management LLC now owns 11,804 shares of the conglomerate’s stock valued at $319,000 after buying an additional 36 shares during the last quarter. Puplava Financial Services Inc. increased its stake in shares of General Electric by 0.4% in the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock valued at $303,000 after buying an additional 41 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in shares of General Electric by 0.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock valued at $557,000 after buying an additional 67 shares during the last quarter. Northwest Wealth Management LLC increased its stake in shares of General Electric by 0.8% in the second quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock valued at $254,000 after buying an additional 75 shares during the last quarter. Finally, NorthRock Partners LLC increased its stake in shares of General Electric by 0.9% in the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock valued at $241,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 54.29% of the company’s stock.

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