General Electric Co. (NYSE:GE) has been assigned a $30.00 price target by investment analysts at Goldman Sachs Group Inc. in a report issued on Monday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective would indicate a potential downside of 3.78% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus set a $34.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Thursday, September 8th. Argus reissued a “buy” rating and issued a $36.00 price objective on shares of General Electric in a research note on Tuesday, July 26th. Citigroup Inc. reissued a “buy” rating and issued a $36.00 price objective on shares of General Electric in a research note on Monday, July 25th. William Blair set a $38.00 price objective on shares of General Electric and gave the stock a “buy” rating in a research note on Thursday, September 8th. Finally, Zacks Investment Research raised shares of General Electric from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, September 13th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. General Electric currently has an average rating of “Hold” and an average price target of $32.56.

Analyst Recommendations for General Electric (NYSE:GE)

General Electric (NYSE:GE) opened at 31.18 on Monday. General Electric has a 1-year low of $27.10 and a 1-year high of $33.00. The stock has a 50 day moving average price of $29.42 and a 200-day moving average price of $30.41. The stock has a market capitalization of $275.83 billion, a P/E ratio of 26.81 and a beta of 1.20.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 21st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company earned $29.30 billion during the quarter, compared to the consensus estimate of $29.64 billion. General Electric had a net margin of 8.93% and a return on equity of 16.08%. General Electric’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Equities research analysts expect that General Electric will post $1.49 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 25th. Stockholders of record on Monday, September 19th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Thursday, September 15th. General Electric’s payout ratio is currently 80.00%.

In other news, Chairman Jeffrey R. Immelt bought 50,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were acquired at an average cost of $29.24 per share, with a total value of $1,462,000.00. Following the purchase, the chairman now directly owns 2,248,688 shares in the company, valued at approximately $65,751,637.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Catamount Wealth Management increased its position in General Electric by 35.3% in the first quarter. Catamount Wealth Management now owns 3,451 shares of the company’s stock valued at $110,000 after buying an additional 901 shares during the period. Elefante Mark B bought a new position in General Electric during the third quarter valued at $116,000. Cable Hill Partners LLC increased its position in General Electric by 0.4% in the second quarter. Cable Hill Partners LLC now owns 4,447 shares of the company’s stock valued at $141,000 after buying an additional 19 shares during the period. Global X Management Co. LLC increased its position in General Electric 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 period. Finally, Timber Creek Capital Management LLC increased its position in General Electric by 175.3% in the third quarter. Timber Creek Capital Management LLC now owns 5,505 shares of the company’s stock valued at $163,000 after buying an additional 3,505 shares during the period. Hedge funds and other institutional investors own 55.46% of the company’s stock.

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