General Electric (NYSE:GE) Stock Price Down 1.4% – Time to Sell?

General Electric (NYSE:GE) shares traded down 1.4% during trading on Tuesday . The company traded as low as $181.89 and last traded at $181.90. 552,709 shares changed hands during trading, a decline of 91% from the average session volume of 6,251,901 shares. The stock had previously closed at $184.56.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GE shares. Bank of America increased their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Melius Research raised their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Barclays increased their target price on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Sanford C. Bernstein increased their price objective on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.93.

General Electric Price Performance

The firm has a market capitalization of $193.06 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. 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 company has a 50-day moving average of $181.69 and a 200-day moving average of $170.43.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Announces Dividend

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

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.66% of the stock is owned by company insiders.

Institutional Trading of General Electric

Hedge funds have recently bought and sold shares of the stock. CWS Financial Advisors LLC purchased a new stake in shares of General Electric during the third quarter valued at $237,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of General Electric in the 3rd quarter worth $304,000. Vinva Investment Management Ltd raised its stake in General Electric by 218.2% in the third quarter. Vinva Investment Management Ltd now owns 20,366 shares of the conglomerate’s stock valued at $3,775,000 after buying an additional 13,965 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in General Electric by 6.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,556,515 shares of the conglomerate’s stock valued at $1,236,428,000 after purchasing an additional 413,388 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in General Electric by 719.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 345,886 shares of the conglomerate’s stock worth $65,227,000 after acquiring an additional 303,700 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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.