General Electric Company (GE) : P.r. Herzig reduced its stake in General Electric Company by 5.49% during the most recent quarter end. The investment management company now holds a total of 77,500 shares of General Electric Company which is valued at $2,383,900 after selling 4,500 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.General Electric Company makes up approximately 5.09% of P.r. Herzig’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 , Fox Run Management L.l.c. added GE to its portfolio by purchasing 11,100 company shares during the most recent quarter which is valued at $341,436. General Electric Company makes up approx 0.22% of Fox Run Management L.l.c.’s portfolio.Culbertson A N Co Inc reduced its stake in GE by selling 88 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 178,228 shares of GE which is valued at $5,530,415. General Electric Company makes up approx 2.12% of Culbertson A N Co Inc’s portfolio.Independent Portfolio Consultants reduced its stake in GE by selling 37,583 shares or 49.62% in the most recent quarter. The Hedge Fund company now holds 38,157 shares of GE which is valued at $1,184,012. General Electric Company makes up approx 0.33% of Independent Portfolio Consultants’s portfolio.Blue Bell Private Wealth Management boosted its stake in GE in the latest quarter, The investment management firm added 4,147 additional shares and now holds a total of 18,448 shares of General Electric Company which is valued at $572,441. General Electric Company makes up approx 0.39% of Blue Bell Private Wealth Management’s portfolio.Proficio Capital Partners boosted its stake in GE in the latest quarter, The investment management firm added 237 additional shares and now holds a total of 27,977 shares of General Electric Company which is valued at $859,174. General Electric Company makes up approx 0.72% of Proficio Capital Partners’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.