Mcqueen Ball Associates buys $2,811,249 stake in General Electric Company (GE)

General Electric Company (GE) : Mcqueen Ball Associates scooped up 608 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 18, 2016. The investment management firm now holds a total of 91,393 shares of General Electric Company which is valued at $2,811,249.General Electric Company makes up approximately 1.99% of Mcqueen Ball Associates’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 , Capital One National Association boosted its stake in GE in the latest quarter, The investment management firm added 5,195 additional shares and now holds a total of 327,575 shares of General Electric Company which is valued at $10,076,207. General Electric Company makes up approx 0.90% of Capital One National Association’s portfolio.Monroe Bank Trustmi boosted its stake in GE in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 16,087 shares of General Electric Company which is valued at $499,180. General Electric Company makes up approx 0.17% of Monroe Bank Trustmi’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.Chevy Chase Trust Holdings boosted its stake in GE in the latest quarter, The investment management firm added 84,239 additional shares and now holds a total of 8,454,234 shares of General Electric Company which is valued at $259,629,526. General Electric Company makes up approx 1.50% of Chevy Chase Trust Holdings’s portfolio.Nadler Financial Group boosted its stake in GE in the latest quarter, The investment management firm added 1,651 additional shares and now holds a total of 34,050 shares of General Electric Company which is valued at $1,045,676. General Electric Company makes up approx 0.46% of Nadler Financial Group’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. 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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