General Electric Company (GE) : Leonetti Associates added new position in General Electric Company during the most recent quarter end. The investment management firm now holds 243,800 shares of General Electric Company which is valued at $7.2 Million , the company said in a statement filed on May 13, 2016 with the SEC.General Electric Company makes up approximately 2.13% of Leonetti Associates’s portfolio.
Other Hedge Funds, Including , Dreman Value Management L L C added GE to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $74,100. General Electric Company makes up approx 0.01% of Dreman Value Management L L C’s portfolio.Canada Pension Plan Investment Board reduced its stake in GE by selling 177,800 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 1,527,571 shares of GE which is valued at $45.3 Million. General Electric Company makes up approx 0.19% of Canada Pension Plan Investment Board’s portfolio. Hwg Holdings Lp sold out all of its stake in GE during the most recent quarter. The investment firm sold 131,269 shares of GE which is valued $4 Million.Nisa Investment Advisors L.l.c. boosted its stake in GE in the latest quarter, The investment management firm added 2,610 additional shares and now holds a total of 2,975,572 shares of General Electric Company which is valued at $91.5 Million. General Electric Company makes up approx 1.31% of Nisa Investment Advisors L.l.c.’s portfolio.
General Electric Company opened for trading at $30 and hit $30.32 on the upside on Wednesday, eventually ending the session at $30.09, with a gain of 0.80% or 0.24 points. The heightened volatility saw the trading volume jump to 2,76,63,396 shares. Company has a market cap of $276,697 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.