General Electric Company (NYSE:GE)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $24.13 and last traded at $24.05, with a volume of 39,345,080 shares trading hands. The stock had previously closed at $24.92.

A number of equities analysts have weighed in on GE shares. UBS AG reaffirmed a “buy” rating and set a $31.00 price target (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Deutsche Bank AG set a $24.00 price target on General Electric and gave the stock a “sell” rating in a research report on Monday, May 29th. Citigroup Inc. reaffirmed a “buy” rating and set a $34.00 price target (down previously from $36.00) on shares of General Electric in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) set a $29.00 price target on General Electric and gave the stock a “neutral” rating in a research report on Friday, July 7th. Finally, Vetr raised General Electric from a “hold” rating to a “buy” rating and set a $28.93 price target for the company in a research report on Wednesday, June 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. General Electric has an average rating of “Hold” and a consensus target price of $30.08.

The firm’s 50 day moving average price is $25.05 and its 200-day moving average price is $27.80. The firm has a market cap of $206.23 billion, a price-to-earnings ratio of 29.01 and a beta of 1.22.

General Electric (NYSE:GE) last posted its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was down 11.8% on a year-over-year basis. On average, equities analysts expect that General Electric Company will post $1.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be given a $0.24 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.96 annualized dividend and a yield of 4.03%. General Electric’s dividend payout ratio is currently 118.52%.

In other General Electric news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total value of $633,375.45. Following the transaction, the insider now owns 175,717 shares of the company’s stock, valued at $4,507,141.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John Leonard Flannery acquired 103,983 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. Following the transaction, the chief executive officer now owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The disclosure for this purchase can be found here. In the last three months, insiders acquired 233,253 shares of company stock worth $5,860,264. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of General Electric by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 600,238,644 shares of the conglomerate’s stock valued at $16,212,445,000 after buying an additional 3,297,890 shares during the last quarter. BlackRock Inc. lifted its position in shares of General Electric by 3.9% during the 2nd quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after buying an additional 19,422,516 shares during the last quarter. Capital World Investors lifted its position in shares of General Electric by 8.6% during the 2nd quarter. Capital World Investors now owns 141,322,676 shares of the conglomerate’s stock valued at $3,817,125,000 after buying an additional 11,194,678 shares during the last quarter. Capital Research Global Investors lifted its position in shares of General Electric by 18.6% during the 2nd quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after buying an additional 14,316,281 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of General Electric by 43.8% during the 2nd quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after buying an additional 23,764,129 shares during the last quarter. 54.78% of the stock is currently owned by institutional investors and hedge funds.

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About General Electric

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