Cape Cod Five Cents Savings Bank buys $15,304,183 stake in General Electric Company (GE)

General Electric Company (GE) : Cape Cod Five Cents Savings Bank scooped up 23,273 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 25, 2016. The investment management firm now holds a total of 497,697 shares of General Electric Company which is valued at $15,304,183.General Electric Company makes up approximately 2.90% of Cape Cod Five Cents Savings Bank’s portfolio.

General Electric Company opened for trading at $30.64 and hit $30.99 on the upside on Monday, eventually ending the session at $30.89, with a gain of 0.46% or 0.14 points. The heightened volatility saw the trading volume jump to 1,71,91,087 shares. Company has a market cap of $288,222 M.

Other Hedge Funds, Including , American Capital Management Inc boosted its stake in GE in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 9,877 shares of General Electric Company which is valued at $303,718. General Electric Company makes up approx 0.03% of American Capital Management Inc’s portfolio.Lebenthal Holdingsllc boosted its stake in GE in the latest quarter, The investment management firm added 175,184 additional shares and now holds a total of 329,201 shares of General Electric Company which is valued at $10,126,223. General Electric Company makes up approx 1.74% of Lebenthal Holdingsllc’s portfolio.Alpha Windward reduced its stake in GE by selling 243 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 12,271 shares of GE which is valued at $380,769. General Electric Company makes up approx 0.27% of Alpha Windward’s portfolio.Baker Boyer National Bank reduced its stake in GE by selling 1,620 shares or 7.36% in the most recent quarter. The Hedge Fund company now holds 20,403 shares of GE which is valued at $633,105. General Electric Company makes up approx 2.94% of Baker Boyer National Bank’s portfolio.Capstone Asset Management Co boosted its stake in GE in the latest quarter, The investment management firm added 41,200 additional shares and now holds a total of 519,501 shares of General Electric Company which is valued at $16,120,116. General Electric Company makes up approx 0.46% of Capstone Asset Management Co’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. 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 Company 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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