Traders Buy General Electric Company (GE) on Weakness on Insider Selling, Report finds

Traders Buy General Electric Company (GE) on Weakness on Insider Selling, Report finds

Investors bought shares of General Electric Company (NYSE:GE) on weakness during trading on Tuesday after an insider sold shares in the company. $144.04 million flowed into the stock on the tick-up and $100.29 million flowed out of the stock on the tick-down, for a money net flow of $43.75 million into the stock. Of all stocks tracked, General Electric Company had the 16th highest net in-flow for the day. General Electric Company traded down ($0.10) for the day and closed at $29.56Specifically, Vice Chairman David Leon Joyce sold 159,662 shares of General Electric Company stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $29.56, for a total value of $4,719,608.72. Following the completion of the sale, the insider now directly owns 738,907 shares in the company, valued at $21,842,090.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey S. Bornstein acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The stock was purchased at an average price of $29.63 per share, with a total value of $148,150.00. Following the completion of the acquisition, the insider now directly owns 68,757 shares of the company’s stock, valued at $2,037,269.91. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

GE has been the subject of several recent research reports. J P Morgan Chase & Co restated an “underweight” rating and issued a $28.00 price objective on shares of General Electric Company in a report on Thursday, January 5th. Barclays PLC set a $32.00 target price on General Electric Company and gave the company a “buy” rating in a research note on Monday, October 17th. Vetr lowered General Electric Company from a “strong-buy” rating to a “buy” rating and set a $32.72 target price on the stock. in a research note on Monday, October 31st. Goldman Sachs Group, Inc. (The) set a $30.00 target price on General Electric Company and gave the company a “neutral” rating in a research note on Monday, November 21st. Finally, Zacks Investment Research lowered General Electric Company from a “hold” rating to a “sell” rating in a research note on Wednesday, November 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.55.

The firm has a 50-day moving average of $30.86 and a 200 day moving average of $30.53. The firm has a market capitalization of $258.84 billion, a price-to-earnings ratio of 32.85 and a beta of 1.20.

General Electric Company (NYSE:GE) last released its quarterly earnings results on Friday, January 20th. The company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The company earned $33.10 billion during the quarter, compared to analysts’ expectations of $33.67 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts anticipate that General Electric Company will post $1.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Tuesday, December 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from General Electric Company’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, December 22nd. General Electric Company’s payout ratio is 106.67%.

Several institutional investors have recently added to or reduced their stakes in the company. Catamount Wealth Management raised its position in General Electric Company by 34.8% in the second quarter. Catamount Wealth Management now owns 4,651 shares of the company’s stock valued at $146,000 after buying an additional 1,200 shares during the last quarter. Global X Management Co. LLC raised its position in General Electric Company by 58.6% in the second quarter. Global X Management Co. LLC now owns 5,058 shares of the company’s stock valued at $159,000 after buying an additional 1,868 shares during the last quarter. Turner Investments LLC acquired a new position in General Electric Company during the fourth quarter valued at approximately $161,000. New Harbor Financial Group LLC raised its position in General Electric Company by 46.0% in the third quarter. New Harbor Financial Group LLC now owns 5,828 shares of the company’s stock valued at $172,000 after buying an additional 1,837 shares during the last quarter. Finally, Cable Hill Partners LLC raised its position in General Electric Company by 38.4% in the third quarter. Cable Hill Partners LLC now owns 6,155 shares of the company’s stock valued at $180,000 after buying an additional 1,708 shares during the last quarter. 54.55% of the stock is owned by institutional investors.

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Traders Buy General Electric Company (GE) on Weakness on Insider Selling

Traders Buy General Electric Company (GE) on Weakness on Insider Selling

Investors bought shares of General Electric Company (NYSE:GE) on weakness during trading on Tuesday after an insider sold shares in the company. $144.04 million flowed into the stock on the tick-up and $100.29 million flowed out of the stock on the tick-down, for a money net flow of $43.75 million into the stock. Of all stocks tracked, General Electric Company had the 16th highest net in-flow for the day. General Electric Company traded down ($0.10) for the day and closed at $29.56Specifically, Vice Chairman David Leon Joyce sold 159,662 shares of General Electric Company stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $29.56, for a total value of $4,719,608.72. Following the completion of the sale, the insider now directly owns 738,907 shares in the company, valued at $21,842,090.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey S. Bornstein acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The stock was purchased at an average price of $29.63 per share, with a total value of $148,150.00. Following the completion of the acquisition, the insider now directly owns 68,757 shares of the company’s stock, valued at $2,037,269.91. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

GE has been the subject of several recent research reports. J P Morgan Chase & Co restated an “underweight” rating and issued a $28.00 price objective on shares of General Electric Company in a report on Thursday, January 5th. Barclays PLC set a $32.00 target price on General Electric Company and gave the company a “buy” rating in a research note on Monday, October 17th. Vetr lowered General Electric Company from a “strong-buy” rating to a “buy” rating and set a $32.72 target price on the stock. in a research note on Monday, October 31st. Goldman Sachs Group, Inc. (The) set a $30.00 target price on General Electric Company and gave the company a “neutral” rating in a research note on Monday, November 21st. Finally, Zacks Investment Research lowered General Electric Company from a “hold” rating to a “sell” rating in a research note on Wednesday, November 30th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.55.

The firm has a 50-day moving average of $30.86 and a 200 day moving average of $30.53. The firm has a market capitalization of $258.84 billion, a price-to-earnings ratio of 32.85 and a beta of 1.20.

General Electric Company (NYSE:GE) last released its quarterly earnings results on Friday, January 20th. The company reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The company earned $33.10 billion during the quarter, compared to analysts’ expectations of $33.67 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts anticipate that General Electric Company will post $1.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 25th. Stockholders of record on Tuesday, December 27th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from General Electric Company’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, December 22nd. General Electric Company’s payout ratio is 106.67%.

Several institutional investors have recently added to or reduced their stakes in the company. Catamount Wealth Management raised its position in General Electric Company by 34.8% in the second quarter. Catamount Wealth Management now owns 4,651 shares of the company’s stock valued at $146,000 after buying an additional 1,200 shares during the last quarter. Global X Management Co. LLC raised its position in General Electric Company by 58.6% in the second quarter. Global X Management Co. LLC now owns 5,058 shares of the company’s stock valued at $159,000 after buying an additional 1,868 shares during the last quarter. Turner Investments LLC acquired a new position in General Electric Company during the fourth quarter valued at approximately $161,000. New Harbor Financial Group LLC raised its position in General Electric Company by 46.0% in the third quarter. New Harbor Financial Group LLC now owns 5,828 shares of the company’s stock valued at $172,000 after buying an additional 1,837 shares during the last quarter. Finally, Cable Hill Partners LLC raised its position in General Electric Company by 38.4% in the third quarter. Cable Hill Partners LLC now owns 6,155 shares of the company’s stock valued at $180,000 after buying an additional 1,708 shares during the last quarter. 54.55% of the stock is owned by institutional investors.

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