General Electric Company (GE) : Wilbanks Smith Thomas Asset Management scooped up 858 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 207,243 shares of General Electric Company which is valued at $6,372,722.General Electric Company makes up approximately 0.76% of Wilbanks Smith Thomas Asset Management’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 , Verus Financial Partners reduced its stake in GE by selling 831 shares or 3.21% in the most recent quarter. The Hedge Fund company now holds 25,019 shares of GE which is valued at $769,334. General Electric Company makes up approx 0.35% of Verus Financial Partners’s portfolio.Profit Investment Management reduced its stake in GE by selling 162,603 shares or 51.67% in the most recent quarter. The Hedge Fund company now holds 152,087 shares of GE which is valued at $4,678,196. General Electric Company makes up approx 1.96% of Profit Investment Management’s portfolio.Sigma Planning Corp reduced its stake in GE by selling 11,805 shares or 5.51% in the most recent quarter. The Hedge Fund company now holds 202,298 shares of GE which is valued at $6,222,686. General Electric Company makes up approx 0.84% of Sigma Planning Corp’s portfolio.Stonebridge Capital Management Inc reduced its stake in GE by selling 39,060 shares or 13.06% in the most recent quarter. The Hedge Fund company now holds 260,016 shares of GE which is valued at $8,068,296. General Electric Company makes up approx 3.41% of Stonebridge 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.