Hudson Valley Investment Advisors Inc Adv Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Hudson Valley Investment Advisors Inc Adv reduced its stake in General Electric Company by 0.76% during the most recent quarter end. The investment management company now holds a total of 246,578 shares of General Electric Company which is valued at $7,582,274 after selling 1,894 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.General Electric Company makes up approximately 2.45% of Hudson Valley Investment Advisors Inc Adv’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 , North Star Investment Management Corp. reduced its stake in GE by selling 5,997 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 287,665 shares of GE which is valued at $8,845,699. General Electric Company makes up approx 1.68% of North Star Investment Management Corp.’s portfolio.Ronna Sue Cohen boosted its stake in GE in the latest quarter, The investment management firm added 2,136 additional shares and now holds a total of 147,894 shares of General Electric Company which is valued at $4,549,219. General Electric Company makes up approx 3.81% of Ronna Sue Cohen’s portfolio.Atria Investments reduced its stake in GE by selling 2,265 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 59,066 shares of GE which is valued at $1,816,870. General Electric Company makes up approx 0.20% of Atria Investments’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.Salem Capital Management Inc boosted its stake in GE in the latest quarter, The investment management firm added 187 additional shares and now holds a total of 237,720 shares of General Electric Company which is valued at $7,376,452. General Electric Company makes up approx 4.07% of Salem Capital Management Inc’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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