Thompson Investment Management Lowers stake in GENERAL ELECTRIC CO COM (GE)

GENERAL ELECTRIC CO COM (GE) : Thompson Investment Management reduced its stake in GENERAL ELECTRIC CO COM by 4.88% during the most recent quarter end. The investment management company now holds a total of 498,992 shares of GENERAL ELECTRIC CO COM which is valued at $15,348,994 after selling 25,616 shares in GENERAL ELECTRIC CO COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.GENERAL ELECTRIC CO COM makes up approximately 3.16% of Thompson Investment Management’s portfolio.

GENERAL ELECTRIC CO COM opened for trading at $30.94 and hit $31.01 on the upside on Wednesday, eventually ending the session at $30.93, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 2,29,43,908 shares. Company has a market cap of $288,596 M.

Other Hedge Funds, Including , Alpha Omega Wealth Management reduced its stake in GE by selling 3,136 shares or 17.12% in the most recent quarter. The Hedge Fund company now holds 15,183 shares of GE which is valued at $467,029. GENERAL ELECTRIC CO COM makes up approx 0.39% of Alpha Omega Wealth Management’s portfolio.Hartford Financial Management boosted its stake in GE in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 69,786 shares of GENERAL ELECTRIC CO COM which is valued at $2,146,617. GENERAL ELECTRIC CO COM makes up approx 1.29% of Hartford Financial Management’s portfolio.Fort Pitt Capital Group reduced its stake in GE by selling 13,428 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 1,000,968 shares of GE which is valued at $30,789,776. GENERAL ELECTRIC CO COM makes up approx 3.75% of Fort Pitt Capital Group’s portfolio.Taylor Wealth Management Partners boosted its stake in GE in the latest quarter, The investment management firm added 253,587 additional shares and now holds a total of 255,537 shares of GENERAL ELECTRIC CO COM which is valued at $7,929,313. GENERAL ELECTRIC CO COM makes up approx 3.77% of Taylor Wealth Management Partners’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in GE in the latest quarter, The investment management firm added 5,945 additional shares and now holds a total of 384,540 shares of GENERAL ELECTRIC CO COM which is valued at $11,809,223. GENERAL ELECTRIC CO COM makes up approx 2.36% of First Financial Bank N.a. – Trust Division’s portfolio.

On the company’s financial health, GENERAL ELECTRIC CO COM 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 CO COM. Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .GENERAL ELECTRIC CO COM was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016.

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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