General Electric Company (GE) Chairman John Leonard Flannery Purchases 60,000 Shares

General Electric Company (NYSE:GE) Chairman John Leonard Flannery purchased 60,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the transaction, the chairman now owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of General Electric Company (NYSE:GE) traded down $0.04 during trading on Friday, hitting $18.21. 60,294,057 shares of the stock were exchanged, compared to its average volume of 44,220,316. General Electric Company has a 12 month low of $17.46 and a 12 month high of $32.38. The stock has a market cap of $158,270.00, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14.

General Electric (NYSE:GE) last announced its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the company posted $0.32 EPS. General Electric’s revenue for the quarter was up 11.5% on a year-over-year basis. analysts predict that General Electric Company will post 1.06 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.27%. General Electric’s dividend payout ratio (DPR) is 111.63%.

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Several analysts have recently issued reports on GE shares. Credit Suisse Group reissued an “outperform” rating and issued a $33.00 price target on shares of General Electric in a research report on Saturday, July 22nd. The Goldman Sachs Group, Inc. set a $27.00 target price on shares of General Electric and gave the stock a “neutral” rating in a report on Monday, July 24th. J P Morgan Chase & Co set a $22.00 target price on shares of General Electric and gave the stock a “sell” rating in a report on Monday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 target price (down previously from $27.00) on shares of General Electric in a report on Monday, July 24th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $31.00 target price (down previously from $34.00) on shares of General Electric in a report on Monday, July 24th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.84.

Several institutional investors have recently made changes to their positions in the company. Pinnacle Advisory Group Inc. boosted its position in General Electric by 46.2% during the 1st quarter. Pinnacle Advisory Group Inc. now owns 40,729 shares of the conglomerate’s stock valued at $1,214,000 after buying an additional 12,867 shares during the period. Waldron LP boosted its position in General Electric by 25.3% during the 1st quarter. Waldron LP now owns 32,600 shares of the conglomerate’s stock valued at $975,000 after buying an additional 6,585 shares during the period. Orgel Wealth Management LLC boosted its position in General Electric by 7.2% during the 1st quarter. Orgel Wealth Management LLC now owns 8,723 shares of the conglomerate’s stock valued at $260,000 after buying an additional 587 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its position in General Electric by 2.5% during the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 84,150 shares of the conglomerate’s stock valued at $2,507,000 after buying an additional 2,077 shares during the period. Finally, Advocacy Wealth Management Services LLC boosted its position in General Electric by 14.6% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 8,088 shares of the conglomerate’s stock valued at $241,000 after buying an additional 1,031 shares during the period. 54.29% of the stock is owned by institutional investors.

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