Becker Capital Management Inc Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Becker Capital Management Inc reduced its stake in General Electric Company by 7.83% during the most recent quarter end. The investment management company now holds a total of 2,102,260 shares of General Electric Company which is valued at $63.3 Million after selling 178,558 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 25, 2016.General Electric Company makes up approximately 2.64% of Becker Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Strategic Wealth Advisors Groupinc. added GE to its portfolio by purchasing 123,977 company shares during the most recent quarter which is valued at $3.7 Million. General Electric Company makes up approx 1.19% of Strategic Wealth Advisors Groupinc.’s portfolio.Janus Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 4,355,716 additional shares and now holds a total of 30,533,595 shares of General Electric Company which is valued at $902.6 Million. General Electric Company makes up approx 0.79% of Janus Capital Management’s portfolio.Private Advisor Group boosted its stake in GE in the latest quarter, The investment management firm added 80,092 additional shares and now holds a total of 649,564 shares of General Electric Company which is valued at $19.3 Million. General Electric Company makes up approx 0.94% of Private Advisor Group’s portfolio.Park Avenue Institutional Advisers reduced its stake in GE by selling 1,673 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 59,452 shares of GE which is valued at $1.8 Million. General Electric Company makes up approx 1.53% of Park Avenue Institutional Advisers’s portfolio.Ridgeworth Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 840,055 additional shares and now holds a total of 3,252,473 shares of General Electric Company which is valued at $96.4 Million. General Electric Company makes up approx 0.86% of Ridgeworth Capital Management’s portfolio.

General Electric Company closed down -0.12 points or -0.40% at $30.11 with 2,11,26,650 shares getting traded on Wednesday. Post opening the session at $30.04, the shares hit an intraday low of $29.89 and an intraday high of $30.14 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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