Richard Bernstein Advisors Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Richard Bernstein Advisors reduced its stake in General Electric Company by 7.79% during the most recent quarter end. The investment management company now holds a total of 386,708 shares of General Electric Company which is valued at $11,647,645 after selling 32,682 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 3, 2016.General Electric Company makes up approximately 1.16% of Richard Bernstein Advisors’s portfolio.

Other Hedge Funds, Including , Stadion Money Management boosted its stake in GE in the latest quarter, The investment management firm added 7,076 additional shares and now holds a total of 85,060 shares of General Electric Company which is valued at $2,562,007. General Electric Company makes up approx 0.08% of Stadion Money Management’s portfolio.Schulhoff Co Inc reduced its stake in GE by selling 349 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 124,323 shares of GE which is valued at $3,822,932. General Electric Company makes up approx 2.49% of Schulhoff Co Inc’s portfolio.Jnba Financial Advisors reduced its stake in GE by selling 2,482 shares or 12.2% in the most recent quarter. The Hedge Fund company now holds 17,867 shares of GE which is valued at $549,589. General Electric Company makes up approx 0.19% of Jnba Financial Advisors’s portfolio.Portland Global Advisors boosted its stake in GE in the latest quarter, The investment management firm added 1,755 additional shares and now holds a total of 75,563 shares of General Electric Company which is valued at $2,324,318. General Electric Company makes up approx 1.09% of Portland Global Advisors’s portfolio.Gw&k Investment Management boosted its stake in GE in the latest quarter, The investment management firm added 48,190 additional shares and now holds a total of 1,038,804 shares of General Electric Company which is valued at $31,953,611. General Electric Company makes up approx 0.70% of Gw&k Investment Management’s portfolio.

General Electric Company opened for trading at $29.99 and hit $30.56 on the upside on Tuesday, eventually ending the session at $30.48, with a gain of 2.04% or 0.61 points. The heightened volatility saw the trading volume jump to 2,71,30,428 shares. Company has a market cap of $280,284 M.

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. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .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 (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.

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