General Electric Company (GE) : Private Trust Co Na scooped up 5,719 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 206,368 shares of General Electric Company which is valued at $6,347,880.General Electric Company makes up approximately 1.69% of Private Trust Co Na’s portfolio.
General Electric Company closed down -0.22 points or -0.71% at $30.76 with 5,64,97,503 shares getting traded on Friday. Post opening the session at $31.03, the shares hit an intraday low of $30.31 and an intraday high of $31.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , National Investment Services Inc Wi reduced its stake in GE by selling 68,057 shares or 48.01% in the most recent quarter. The Hedge Fund company now holds 73,701 shares of GE which is valued at $2,267,043. General Electric Company makes up approx 2.54% of National Investment Services Inc Wi’s portfolio.Gradient Investments reduced its stake in GE by selling 119,190 shares or 93.96% in the most recent quarter. The Hedge Fund company now holds 7,663 shares of GE which is valued at $237,783. General Electric Company makes up approx 0.03% of Gradient Investments’s portfolio.Denali Advisors boosted its stake in GE in the latest quarter, The investment management firm added 7,799 additional shares and now holds a total of 42,225 shares of General Electric Company which is valued at $1,310,242. General Electric Company makes up approx 0.29% of Denali Advisors’s portfolio.Toth Financial Advisory Corp reduced its stake in GE by selling 16,174 shares or 5.72% in the most recent quarter. The Hedge Fund company now holds 266,807 shares of GE which is valued at $8,193,643. General Electric Company makes up approx 2.70% of Toth Financial Advisory Corp’s portfolio.Private Asset Management Inc reduced its stake in GE by selling 13,203 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 807,565 shares of GE which is valued at $24,800,321. General Electric Company makes up approx 4.52% of Private Asset Management Inc’s portfolio.
On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. General Electric Company was Downgraded by Berenberg to ” Hold” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .
General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.