Thompson Investment Management Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Thompson Investment Management reduced its stake in General Electric Company by 1.51% during the most recent quarter end. The investment management company now holds a total of 491,454 shares of General Electric Company which is valued at $15,298,963 after selling 7,538 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.General Electric Company makes up approximately 3.01% of Thompson Investment Management’s portfolio.

Other Hedge Funds, Including , Beese Fulmer Investment Management reduced its stake in GE by selling 1,354 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 177,218 shares of GE which is valued at $5,516,796. General Electric Company makes up approx 1.53% of Beese Fulmer Investment Management’s portfolio.Armstrong Henry H Associates Inc boosted its stake in GE in the latest quarter, The investment management firm added 1,386 additional shares and now holds a total of 187,233 shares of General Electric Company which is valued at $5,856,648. General Electric Company makes up approx 1.12% of Armstrong Henry H Associates Inc’s portfolio.John G Ullman Associates Inc reduced its stake in GE by selling 313 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 44,792 shares of GE which is valued at $1,436,032. General Electric Company makes up approx 0.28% of John G Ullman Associates Inc’s portfolio.Carlton Hofferkamp Jenks Wealth Management boosted its stake in GE in the latest quarter, The investment management firm added 39 additional shares and now holds a total of 81,276 shares of General Electric Company which is valued at $2,664,227. General Electric Company makes up approx 2.05% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Community Trust Investment Co boosted its stake in GE in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 580,509 shares of General Electric Company which is valued at $18,785,271. General Electric Company makes up approx 2.33% of Community Trust Investment Co’s portfolio.

General Electric Company opened for trading at $31.2 and hit $31.25 on the upside on Thursday, eventually ending the session at $31.17, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 2,02,93,694 shares. Company has a market cap of $279,322 M.

On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 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.

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