Oakmont Partners Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Oakmont Partners reduced its stake in General Electric Company by 1.45% during the most recent quarter end. The investment management company now holds a total of 7,691 shares of General Electric Company which is valued at $221,962 after selling 113 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.General Electric Company makes up approximately 0.15% of Oakmont Partners’s portfolio.

Other Hedge Funds, Including , Community Trust Investment Co reduced its stake in GE by selling 5,322 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 575,187 shares of GE which is valued at $16,599,897. General Electric Company makes up approx 2.11% of Community Trust Investment Co’s portfolio.Washington Trust Bank boosted its stake in GE in the latest quarter, The investment management firm added 6,960 additional shares and now holds a total of 206,404 shares of General Electric Company which is valued at $6,088,918. General Electric Company makes up approx 1.46% of Washington Trust Bank’s portfolio.

General Electric Company opened for trading at $28.75 and hit $29.03 on the upside on Tuesday, eventually ending the session at $28.92, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 3,09,42,235 shares. Company has a market cap of $259,159 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.

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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