M Holdings Securities Lowers stake in General Electric Company (GE)

General Electric Company (GE) : M Holdings Securities reduced its stake in General Electric Company by 4.32% during the most recent quarter end. The investment management company now holds a total of 108,220 shares of General Electric Company which is valued at $3.3 Million after selling 4,881 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 1.97% of M Holdings Securities’s portfolio.

Other Hedge Funds, Including , Whalerock Point Partners boosted its stake in GE in the latest quarter, The investment management firm added 25,001 additional shares and now holds a total of 106,601 shares of General Electric Company which is valued at $3.2 Million. General Electric Company makes up approx 1.36% of Whalerock Point Partners’s portfolio.Arbor Wealth Management reduced its stake in GE by selling 3,147 shares or 7.56% in the most recent quarter. The Hedge Fund company now holds 38,506 shares of GE which is valued at $1.1 Million. General Electric Company makes up approx 1.18% of Arbor Wealth Management’s portfolio.Gratus Capital boosted its stake in GE in the latest quarter, The investment management firm added 17 additional shares and now holds a total of 42,351 shares of General Electric Company which is valued at $1.3 Million. General Electric Company makes up approx 0.28% of Gratus Capital’s portfolio.Estabrook Capital Management reduced its stake in GE by selling 28,566 shares or 2.8% in the most recent quarter. The Hedge Fund company now holds 990,095 shares of GE which is valued at $29.3 Million. General Electric Company makes up approx 4.37% of Estabrook Capital Management’s portfolio. Mandatum Life Insurance Co Ltd sold out all of its stake in GE during the most recent quarter. The investment firm sold 1,620 shares of GE which is valued $48,017.

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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