Heritage Investors Management Corp Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Heritage Investors Management Corp reduced its stake in General Electric Company by 0.08% during the most recent quarter end. The investment management company now holds a total of 646,108 shares of General Electric Company which is valued at $20,048,731 after selling 543 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.General Electric Company makes up approximately 1.52% of Heritage Investors Management Corp’s portfolio.

General Electric Company opened for trading at $30.9 and hit $31.19 on the upside on Monday, eventually ending the session at $31.06, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 2,10,74,404 shares. Company has a market cap of $289,809 M.

Other Hedge Funds, Including , Daiwa Sb Investments Ltd. added GE to its portfolio by purchasing 1,010 company shares during the most recent quarter which is valued at $31,340. General Electric Company makes up approx 0.01% of Daiwa Sb Investments Ltd.’s portfolio.Stillwater Capital Advisors reduced its stake in GE by selling 9,586 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 404,728 shares of GE which is valued at $12,558,710. General Electric Company makes up approx 3.65% of Stillwater Capital Advisors’s portfolio. Baystate Wealth Management added GE to its portfolio by purchasing 6,476 company shares during the most recent quarter which is valued at $198,878. General Electric Company makes up approx 0.04% of Baystate Wealth Management’s portfolio.Filament reduced its stake in GE by selling 4,300 shares or 25.75% in the most recent quarter. The Hedge Fund company now holds 12,400 shares of GE which is valued at $380,804. General Electric Company makes up approx 0.18% of Filament’s portfolio.

On the company’s financial health, General Electric Company reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jan 22, 2016. Analyst had a consensus of $0.49. The company had revenue of $33839.00 million for the quarter, compared to analysts expectations of $35907.16 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016. General Electric Company was Downgraded by Berenberg to ” Hold” on Apr 4, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .

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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