Traders bought shares of General Electric Company (NYSE:GE) on weakness during trading hours 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 stocks 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

Several research firms have recently weighed in on GE. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of General Electric in a research note on Thursday. Vetr raised shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 price target for the company in a research note on Tuesday. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a $20.00 price target (down previously from $22.00) on shares of General Electric in a research note on Monday. Credit Suisse Group reaffirmed an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of General Electric in a research note on Thursday, October 5th. Finally, Morgan Stanley decreased their price target on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, October 2nd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.16.

The stock has a 50-day moving average of $24.33 and a 200-day moving average of $26.85. The stock has a market cap of $199.74 billion, a price-to-earnings ratio of 28.10 and a beta of 1.19.

General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The business had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. During the same period last year, the business earned $0.51 EPS. The company’s revenue was down 11.8% on a year-over-year basis. On average, equities research analysts anticipate that General Electric Company will post $1.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be issued 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 dividend yield of 4.16%. General Electric’s payout ratio is 118.52%.

In other news, CEO John Leonard Flannery acquired 103,983 shares of General Electric stock in a transaction dated Tuesday, August 8th. The shares were acquired at an average cost of $25.56 per share, for a total transaction of $2,657,805.48. Following the acquisition, the chief executive officer now owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Alexander Dimitrief acquired 1,845 shares of General Electric stock in a transaction dated Monday, July 24th. The stock was purchased at an average price of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the acquisition, the insider now directly owns 65,597 shares in the company, valued at approximately $1,675,347.38. The disclosure for this purchase can be found here. Insiders bought a total of 233,253 shares of company stock worth $5,860,264 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ullmann Financial Group Inc. acquired a new stake in shares of General Electric in the 1st quarter valued at $106,000. Feltz Wealth PLAN Inc. acquired a new stake in shares of General Electric in the 1st quarter valued at $114,000. PHH Investments Ltd. raised its holdings in shares of General Electric by 105.0% in the 1st quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock valued at $116,000 after purchasing an additional 2,000 shares in the last quarter. Ffcm LLC acquired a new stake in shares of General Electric in the 2nd quarter valued at $114,000. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of General Electric in the 2nd quarter valued at $113,000. Institutional investors and hedge funds own 54.69% of the company’s stock.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/12/traders-buy-general-electric-company-ge-on-weakness-2.html.

General Electric Company Profile

Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.