General Electric Company (NYSE:GE)‘s stock had its “underweight” rating reiterated by analysts at J P Morgan Chase & Co in a note issued to investors on Thursday. They presently have a $22.00 price target on the conglomerate’s stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 8.41% from the stock’s current price.

A number of other brokerages also recently issued reports on GE. Vetr downgraded General Electric from a “buy” rating to a “hold” rating and set a $29.71 price objective on the stock. in a research report on Monday, June 12th. Morgan Stanley restated an “equal weight” rating and set a $27.00 price objective on shares of General Electric in a research report on Monday, July 17th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of General Electric in a research report on Wednesday, June 14th. CIBC restated a “market perform” rating on shares of General Electric in a research report on Wednesday, June 14th. Finally, Cowen and Company restated a “hold” rating and set a $27.00 price objective on shares of General Electric in a research report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.08.

Shares of General Electric (NYSE GE) traded down 3.61% during trading on Thursday, hitting $24.02. The company had a trading volume of 80,108,579 shares. General Electric has a 52 week low of $23.83 and a 52 week high of $32.38. The stock has a market capitalization of $207.96 billion, a P/E ratio of 29.26 and a beta of 1.22. The firm’s 50 day moving average is $25.22 and its 200-day moving average is $27.86. General Electric also saw some unusual options trading on Monday. Investors bought 44,120 call options on the company. This is an increase of 206% compared to the typical volume of 14,429 call options.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The company had revenue of $29.56 billion during the quarter, compared to analyst estimates of $29.07 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was down 11.8% on a year-over-year basis. Equities research analysts anticipate that General Electric will post $1.56 EPS for the current fiscal year.

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In related news, Director James S. Tisch bought 100,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $24.56 per share, with a total value of $2,456,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $25.65, for a total value of $633,375.45. Following the sale, the insider now directly owns 175,717 shares in the company, valued at approximately $4,507,141.05. The disclosure for this sale can be found here. Insiders have acquired a total of 233,253 shares of company stock worth $5,860,264 over the last 90 days. 0.36% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GE. Franklin Resources Inc. boosted its position in 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 acquiring an additional 23,764,129 shares in the last quarter. BlackRock Inc. boosted its position in 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 acquiring an additional 19,422,516 shares in the last quarter. Capital Research Global Investors boosted its position in 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 acquiring an additional 14,316,281 shares in the last quarter. Boston Partners boosted its position in General Electric by 7,892.3% during the 2nd quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock valued at $384,315,000 after acquiring an additional 14,050,581 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in General Electric by 1,011.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 14,632,325 shares of the conglomerate’s stock valued at $395,219,000 after acquiring an additional 13,315,605 shares in the last quarter. 54.78% of the stock is currently owned by institutional investors and hedge funds.

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