General Electric Company (GE) : Essex Financial Services scooped up 4,704 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 553,802 shares of General Electric Company which is valued at $16.4 Million.General Electric Company makes up approximately 4.03% of Essex Financial Services’s portfolio.
Other Hedge Funds, Including , Smith Salley Associates reduced its stake in GE by selling 73,033 shares or 16.64% in the most recent quarter. The Hedge Fund company now holds 365,880 shares of GE which is valued at $10.8 Million. General Electric Company makes up approx 2.76% of Smith Salley Associates’s portfolio.Olstein Capital Management reduced its stake in GE by selling 50,000 shares or 18.18% in the most recent quarter. The Hedge Fund company now holds 225,000 shares of GE which is valued at $6.7 Million. General Electric Company makes up approx 0.93% of Olstein Capital Management’s portfolio.Colorado Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 2,630 additional shares and now holds a total of 10,207 shares of General Electric Company which is valued at $313,865. General Electric Company makes up approx 0.31% of Colorado Capital Management’s portfolio.Boston Family Office boosted its stake in GE in the latest quarter, The investment management firm added 117,248 additional shares and now holds a total of 447,267 shares of General Electric Company which is valued at $13.8 Million. General Electric Company makes up approx 1.81% of Boston Family Office’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.