White Pine Investment Co Lowers stake in General Electric Company (GE)

General Electric Company (GE) : White Pine Investment Co reduced its stake in General Electric Company by 1.62% during the most recent quarter end. The investment management company now holds a total of 180,844 shares of General Electric Company which is valued at $5,360,216 after selling 2,976 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 9, 2016.General Electric Company makes up approximately 3.28% of White Pine Investment Co’s portfolio.

Other Hedge Funds, Including , Salient Trust Co Lta reduced its stake in GE by selling 381 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 122,983 shares of GE which is valued at $3,645,216. General Electric Company makes up approx 0.44% of Salient Trust Co Lta’s portfolio.Hamel Associates reduced its stake in GE by selling 800 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 253,735 shares of GE which is valued at $7,642,498. General Electric Company makes up approx 4.05% of Hamel Associates’s portfolio.St. James Investment Company boosted its stake in GE in the latest quarter, The investment management firm added 221 additional shares and now holds a total of 44,697 shares of General Electric Company which is valued at $1,346,274. General Electric Company makes up approx 0.17% of St. James Investment Company’s portfolio.Goodwin Daniel L boosted its stake in GE in the latest quarter, The investment management firm added 61 additional shares and now holds a total of 170,655 shares of General Electric Company which is valued at $5,247,641. General Electric Company makes up approx 1.77% of Goodwin Daniel L’s portfolio.

General Electric Company closed down -0.45 points or -1.50% at $29.64 with 3,52,66,929 shares getting traded on Friday. Post opening the session at $29.97, the shares hit an intraday low of $29.54 and an intraday high of $30.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Resumed by JP Morgan to “Underweight” on May 12, 2016. 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 .

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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