General Electric Company (GE) : Alta Capital Management scooped up 1,200 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 19,996 shares of General Electric Company which is valued at $615,077.General Electric Company makes up approximately 0.04% of Alta Capital Management’s portfolio.
General Electric Company opened for trading at $30.94 and hit $31.01 on the upside on Wednesday, eventually ending the session at $30.93, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 2,29,43,908 shares. Company has a market cap of $288,596 M.
Other Hedge Funds, Including , Concannon Wealth Management reduced its stake in GE by selling 1,769 shares or 21.85% in the most recent quarter. The Hedge Fund company now holds 6,326 shares of GE which is valued at $194,588. General Electric Company makes up approx 0.20% of Concannon Wealth Management’s portfolio.Boston Advisors reduced its stake in GE by selling 9,212 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 728,917 shares of GE which is valued at $22,421,487. General Electric Company makes up approx 0.55% of Boston Advisors’s portfolio.Btim Corp. reduced its stake in GE by selling 1,553 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 150,880 shares of GE which is valued at $4,641,069. General Electric Company makes up approx 0.08% of Btim Corp.’s portfolio. Round Table Services added GE to its portfolio by purchasing 7,082 company shares during the most recent quarter which is valued at $219,754. General Electric Company makes up approx 0.14% of Round Table Services’s portfolio. Santa Fe Partners added GE to its portfolio by purchasing 46,239 company shares during the most recent quarter which is valued at $1,434,796. General Electric Company makes up approx 0.23% of Santa Fe Partners’s portfolio.
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. 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 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .General Electric Company was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 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.