Investment Counsel Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Investment Counsel reduced its stake in General Electric Company by 8.0% during the most recent quarter end. The investment management company now holds a total of 84,982 shares of General Electric Company which is valued at $2,636,991 after selling 7,390 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.General Electric Company makes up approximately 2.44% of Investment Counsel’s portfolio.

General Electric Company opened for trading at $31.07 and hit $31.1 on the upside on Friday, eventually ending the session at $31.03, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 2,44,40,120 shares. Company has a market cap of $289,529 M.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in GE in the latest quarter, The investment management firm added 273,808 additional shares and now holds a total of 2,146,860 shares of General Electric Company which is valued at $66,617,066. General Electric Company makes up approx 1.53% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Eagle Asset Management Inc reduced its stake in GE by selling 996 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 208,917 shares of GE which is valued at $6,415,841. General Electric Company makes up approx 0.05% of Eagle Asset Management Inc’s portfolio.Trust Co boosted its stake in GE in the latest quarter, The investment management firm added 4,012 additional shares and now holds a total of 124,122 shares of General Electric Company which is valued at $3,811,787. General Electric Company makes up approx 1.76% of Trust Co’s portfolio.Rathbone Brothers Plc boosted its stake in GE in the latest quarter, The investment management firm added 4,268 additional shares and now holds a total of 1,280,742 shares of General Electric Company which is valued at $39,331,587. General Electric Company makes up approx 2.41% of Rathbone Brothers Plc’s portfolio.Founders Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 2,175 additional shares and now holds a total of 18,210 shares of General Electric Company which is valued at $559,229. General Electric Company makes up approx 0.33% of Founders Capital Management’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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