General Electric Company (GE) : Macnealy Hoover Investment Management Inc scooped up 616 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 15, 2016. The investment management firm now holds a total of 129,146 shares of General Electric Company which is valued at $4,007,400.General Electric Company makes up approximately 0.76% of Macnealy Hoover Investment Management Inc’s portfolio.
General Electric Company closed down -0.17 points or -0.55% at $30.98 with 3,96,51,443 shares getting traded on Wednesday. Post opening the session at $31.12, the shares hit an intraday low of $30.85 and an intraday high of $31.28 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Highland Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 159,192 additional shares and now holds a total of 501,364 shares of General Electric Company which is valued at $15,557,325. General Electric Company makes up approx 1.32% of Highland Capital Management’s portfolio.New England Investment Retirement Group reduced its stake in GE by selling 6,323 shares or 6.95% in the most recent quarter. The Hedge Fund company now holds 84,630 shares of GE which is valued at $2,626,069. General Electric Company makes up approx 1.43% of New England Investment Retirement Group’s portfolio.Capital Investment Advisors boosted its stake in GE in the latest quarter, The investment management firm added 11,543 additional shares and now holds a total of 194,023 shares of General Electric Company which is valued at $6,020,534. General Electric Company makes up approx 0.59% of Capital Investment Advisors’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in GE by selling 27,860 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 1,648,713 shares of GE which is valued at $51,159,564. General Electric Company makes up approx 1.16% of Oregon Public Employees Retirement Fund’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.