General Electric Company (NYSE:GE) was the recipient of unusually large options trading on Wednesday. Investors purchased 55,080 put options on the stock. This is an increase of 297% compared to the typical volume of 13,878 put options.

In other news, Director Marijn E. Dekkers bought 20,000 shares of the company’s stock in a transaction on Monday, April 24th. The shares were bought at an average cost of $29.90 per share, with a total value of $598,000.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $29,900. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William G. Beattie bought 4,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $27.70 per share, for a total transaction of $110,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 140,000 shares of company stock valued at $3,964,600. Company insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of General Electric Company during the fourth quarter worth approximately $1,892,000. Highland Private Wealth Management increased its stake in General Electric Company by 2.8% in the fourth quarter. Highland Private Wealth Management now owns 17,599 shares of the conglomerate’s stock worth $556,000 after buying an additional 474 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in General Electric Company by 12.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,076,560 shares of the conglomerate’s stock worth $34,019,000 after buying an additional 116,080 shares during the last quarter. Private Advisory Group LLC bought a new stake in General Electric Company during the fourth quarter worth $1,363,000. Finally, Asset Planning Services Inc. LA ADV bought a new stake in General Electric Company during the fourth quarter worth $4,190,000. Institutional investors own 54.25% of the company’s stock.

Several brokerages have weighed in on GE. Vetr raised General Electric Company from a “buy” rating to a “strong-buy” rating and set a $30.48 target price on the stock in a research report on Monday. Goldman Sachs Group, Inc. (The) set a $29.00 target price on General Electric Company and gave the stock a “neutral” rating in a research report on Friday. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $22.00 target price (down from $27.00) on shares of General Electric Company in a research report on Thursday. Standpoint Research raised General Electric Company from a “sell” rating to a “hold” rating and set a $24.00 target price on the stock in a research report on Thursday, June 29th. Finally, BidaskClub lowered General Electric Company from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.91.

General Electric Company (NYSE:GE) opened at 26.15 on Friday. The company has a market cap of $227.09 billion, a P/E ratio of 26.63 and a beta of 1.22. General Electric Company has a 52-week low of $25.98 and a 52-week high of $33.00. The company’s 50 day moving average price is $27.94 and its 200 day moving average price is $29.66.

General Electric Company (NYSE:GE) last released its earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. General Electric Company had a return on equity of 16.59% and a net margin of 7.48%. The firm had revenue of $27.66 billion during the quarter, compared to analysts’ expectations of $26.37 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that General Electric Company will post $1.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, June 15th. General Electric Company’s payout ratio is 97.96%.

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