Salem Capital Management Inc buys $7,376,452 stake in General Electric Company (GE)

General Electric Company (GE) : Salem Capital Management Inc scooped up 187 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 11, 2016. The investment management firm now holds a total of 237,720 shares of General Electric Company which is valued at $7,376,452.General Electric Company makes up approximately 4.07% of Salem Capital Management Inc’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 , Central Bank Trust Co reduced its stake in GE by selling 500 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 25,478 shares of GE which is valued at $790,582. General Electric Company makes up approx 0.22% of Central Bank Trust Co’s portfolio.British Columbia Investment Management Corp boosted its stake in GE in the latest quarter, The investment management firm added 108,618 additional shares and now holds a total of 5,151,006 shares of General Electric Company which is valued at $158,187,394. General Electric Company makes up approx 1.50% of British Columbia Investment Management Corp’s portfolio.Trust Co Of Virginia Va boosted its stake in GE in the latest quarter, The investment management firm added 2,144 additional shares and now holds a total of 412,222 shares of General Electric Company which is valued at $12,659,338. General Electric Company makes up approx 2.30% of Trust Co Of Virginia Va’s portfolio.Indiana Trust Investment Management Co boosted its stake in GE in the latest quarter, The investment management firm added 537 additional shares and now holds a total of 98,649 shares of General Electric Company which is valued at $3,029,511. General Electric Company makes up approx 1.68% of Indiana Trust Investment Management Co’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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