Barrington Strategic Wealth Management Group Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Barrington Strategic Wealth Management Group reduced its stake in General Electric Company by 4.45% during the most recent quarter end. The investment management company now holds a total of 105,146 shares of General Electric Company which is valued at $3,116,527 after selling 4,899 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 10, 2016.General Electric Company makes up approximately 1.82% of Barrington Strategic Wealth Management Group’s portfolio.

Other Hedge Funds, Including , Bedell Frazier Investment Counseling reduced its stake in GE by selling 875 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 253,781 shares of GE which is valued at $7,522,069. General Electric Company makes up approx 3.94% of Bedell Frazier Investment Counseling’s portfolio.Edgemoor Investment Advisors reduced its stake in GE by selling 14,233 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 686,885 shares of GE which is valued at $20,359,271. General Electric Company makes up approx 3.22% of Edgemoor Investment Advisors’s portfolio.Us Financial Advisors reduced its stake in GE by selling 3,423 shares or 36.53% in the most recent quarter. The Hedge Fund company now holds 5,947 shares of GE which is valued at $179,124. General Electric Company makes up approx 0.31% of Us Financial Advisors’s portfolio.Newsquare Capital reduced its stake in GE by selling 17,415 shares or 36.35% in the most recent quarter. The Hedge Fund company now holds 30,496 shares of GE which is valued at $937,752. General Electric Company makes up approx 0.27% of Newsquare Capital’s portfolio.Wealthtrust Axiom reduced its stake in GE by selling 6,556 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 259,065 shares of GE which is valued at $7,966,249. General Electric Company makes up approx 3.05% of Wealthtrust Axiom’s portfolio.

General Electric Company opened for trading at $29.55 and hit $30.13 on the upside on Monday, eventually ending the session at $29.96, with a gain of 1.08% or 0.32 points. The heightened volatility saw the trading volume jump to 2,56,98,303 shares. Company has a market cap of $275,502 M.

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 Resumed by JP Morgan to “Underweight” on May 12, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .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 .

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.

Leave a Reply

General Electric Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Electric Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.