White Pine Capital buys $3,444,148 stake in General Electric Company (GE)

General Electric Company (GE) : White Pine Capital scooped up 1,050 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 110,248 shares of General Electric Company which is valued at $3,444,148.General Electric Company makes up approximately 1.38% of White Pine Capital’s portfolio.

Other Hedge Funds, Including , Bridgecreek Investment Management boosted its stake in GE in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 18,860 shares of General Electric Company which is valued at $589,186. General Electric Company makes up approx 0.18% of Bridgecreek Investment Management’s portfolio.Boston Partners reduced its stake in GE by selling 4,635,094 shares or 57.22% in the most recent quarter. The Hedge Fund company now holds 3,465,668 shares of GE which is valued at $108,406,095. General Electric Company makes up approx 0.15% of Boston Partners’s portfolio.Weybosset Research Management boosted its stake in GE in the latest quarter, The investment management firm added 7,757 additional shares and now holds a total of 23,929 shares of General Electric Company which is valued at $745,149. General Electric Company makes up approx 0.55% of Weybosset Research Management’s portfolio.British Airways Pensions Investment Management Ltd reduced its stake in GE by selling 74,590 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 1,592,190 shares of GE which is valued at $49,803,703. General Electric Company makes up approx 1.46% of British Airways Pensions Investment Management Ltd’s portfolio.Beech Hill Advisors boosted its stake in GE in the latest quarter, The investment management firm added 127,025 additional shares and now holds a total of 145,585 shares of General Electric Company which is valued at $4,772,276. General Electric Company makes up approx 3.11% of Beech Hill Advisors’s portfolio.

General Electric Company opened for trading at $31.18 and hit $31.45 on the upside on Monday, eventually ending the session at $31.36, with a gain of 0.42% or 0.13 points. The heightened volatility saw the trading volume jump to 2,12,48,854 shares. Company has a market cap of $281,024 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 (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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