General Electric Company (GE) : Schwerin Boyle Capital Management Inc reduced its stake in General Electric Company by 1.53% during the most recent quarter end. The investment management company now holds a total of 1,000,613 shares of General Electric Company which is valued at $29.7 Million after selling 15,500 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.General Electric Company makes up approximately 4.23% of Schwerin Boyle Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Nicholas Investment Partners Lp reduced its stake in GE by selling 1,787 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 100,018 shares of GE which is valued at $3 Million. General Electric Company makes up approx 0.29% of Nicholas Investment Partners Lp’s portfolio.Optimum Investment Advisors boosted its stake in GE in the latest quarter, The investment management firm added 23,738 additional shares and now holds a total of 109,079 shares of General Electric Company which is valued at $3.2 Million. General Electric Company makes up approx 1.29% of Optimum Investment Advisors’s portfolio.Tradition Capital Management reduced its stake in GE by selling 36,395 shares or 18.08% in the most recent quarter. The Hedge Fund company now holds 164,852 shares of GE which is valued at $4.9 Million. General Electric Company makes up approx 1.63% of Tradition Capital Management’s portfolio. Manitou Investment Management Ltd. added GE to its portfolio by purchasing 780 company shares during the most recent quarter which is valued at $23,119. General Electric Company makes up approx 0.01% of Manitou Investment Management Ltd.’s portfolio.Pictet Cie (europe) Sa boosted its stake in GE in the latest quarter, The investment management firm added 622 additional shares and now holds a total of 121,326 shares of General Electric Company which is valued at $3.6 Million. General Electric Company makes up approx 0.74% of Pictet Cie (europe) Sa’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.