Community Bank N.a. buys $7,443,582 stake in General Electric Company (GE)

General Electric Company (GE) : Community Bank N.a. scooped up 642 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 20, 2016. The investment management firm now holds a total of 241,989 shares of General Electric Company which is valued at $7,443,582.General Electric Company makes up approximately 1.77% of Community Bank N.a.’s portfolio.

General Electric Company closed down -0.22 points or -0.71% at $30.76 with 5,64,97,503 shares getting traded on Friday. Post opening the session at $31.03, the shares hit an intraday low of $30.31 and an intraday high of $31.18 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Aull Monroe Investment Management Corp boosted its stake in GE in the latest quarter, The investment management firm added 3,524 additional shares and now holds a total of 125,605 shares of General Electric Company which is valued at $3,863,610. General Electric Company makes up approx 2.27% of Aull Monroe Investment Management Corp’s portfolio.Proffitt Goodson Inc boosted its stake in GE in the latest quarter, The investment management firm added 227 additional shares and now holds a total of 53,911 shares of General Electric Company which is valued at $1,658,302. General Electric Company makes up approx 0.93% of Proffitt Goodson Inc’s portfolio.Tnb Financial boosted its stake in GE in the latest quarter, The investment management firm added 29,496 additional shares and now holds a total of 407,016 shares of General Electric Company which is valued at $12,629,706. General Electric Company makes up approx 3.77% of Tnb Financial’s portfolio. Breton Hill Capital Ltd. sold out all of its stake in GE during the most recent quarter. The investment firm sold 12,834 shares of GE which is valued $398,239.Atlas Browninc. boosted its stake in GE in the latest quarter, The investment management firm added 855 additional shares and now holds a total of 79,451 shares of General Electric Company which is valued at $2,465,365. General Electric Company makes up approx 1.04% of Atlas Browninc.’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.

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