General Electric Company (GE) : Cornerstone Advisors scooped up 3,982 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 20, 2016. The investment management firm now holds a total of 25,848 shares of General Electric Company which is valued at $795,084.General Electric Company makes up approximately 0.83% of Cornerstone Advisors’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 , Signature Estate Investment Advisors boosted its stake in GE in the latest quarter, The investment management firm added 371,005 additional shares and now holds a total of 383,998 shares of General Electric Company which is valued at $11,915,458. General Electric Company makes up approx 1.95% of Signature Estate Investment Advisors’s portfolio.Jaffetilchin Investment Partners boosted its stake in GE in the latest quarter, The investment management firm added 1,648 additional shares and now holds a total of 29,920 shares of General Electric Company which is valued at $928,418. General Electric Company makes up approx 0.29% of Jaffetilchin Investment Partners’s portfolio.Investment Counsel reduced its stake in GE by selling 7,390 shares or 8.0% in the most recent quarter. The Hedge Fund company now holds 84,982 shares of GE which is valued at $2,636,991. General Electric Company makes up approx 2.44% of Investment Counsel’s portfolio.Partnerre Asset Management Corp reduced its stake in GE by selling 500 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 63,143 shares of GE which is valued at $1,939,122. General Electric Company makes up approx 1.03% of Partnerre Asset Management Corp’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. Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .General Electric Company was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016.
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.