Smith Salley Associates Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Smith Salley Associates reduced its stake in General Electric Company by 16.64% during the most recent quarter end. The investment management company now holds a total of 365,880 shares of General Electric Company which is valued at $10,844,683 after selling 73,033 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 10, 2016.General Electric Company makes up approximately 2.76% of Smith Salley Associates’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in GE in the latest quarter, The investment management firm added 313,695 additional shares and now holds a total of 20,729,834 shares of General Electric Company which is valued at $614,432,280. General Electric Company makes up approx 0.96% of Manufacturers Life Insurance Company The’s portfolio.Sippican Capital Advisors reduced its stake in GE by selling 1,585 shares or 5.28% in the most recent quarter. The Hedge Fund company now holds 28,429 shares of GE which is valued at $842,636. General Electric Company makes up approx 1.08% of Sippican Capital Advisors’s portfolio.Saybrook Capital Nc reduced its stake in GE by selling 1,995 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 366,670 shares of GE which is valued at $10,868,099. General Electric Company makes up approx 7.04% of Saybrook Capital Nc’s portfolio.Jennison Associates boosted its stake in GE in the latest quarter, The investment management firm added 8,394,882 additional shares and now holds a total of 16,638,293 shares of General Electric Company which is valued at $501,145,385. General Electric Company makes up approx 0.53% of Jennison Associates’s portfolio.Cliftonlarsonallen Wealth Advisors boosted its stake in GE in the latest quarter, The investment management firm added 7,157 additional shares and now holds a total of 76,867 shares of General Electric Company which is valued at $2,363,660. General Electric Company makes up approx 0.37% of Cliftonlarsonallen Wealth Advisors’s portfolio.

General Electric Company opened for trading at $29.55 and hit $30.13 on the upside on Monday, eventually ending the session at $29.96, with a gain of 1.08% or 0.32 points. The heightened volatility saw the trading volume jump to 2,56,98,303 shares. Company has a market cap of $275,502 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. 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.

Leave a Reply

General Electric Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Electric Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.