Baystate Wealth Management Exits Position in General Electric Company (GE)

General Electric Company (GE) : Baystate Wealth Management has sold out all of its stake in General Electric Company during the most recent quarter, according to the disclosure filed by the company on Jul 1, 2016 with the SEC. The investment management company has sold out 6,476 shares of General Electric Company which is valued at $203,929.

Other Hedge Funds, Including , Cullinan Associates Inc reduced its stake in GE by selling 7,275 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 455,762 shares of GE which is valued at $14,351,945. General Electric Company makes up approx 1.17% of Cullinan Associates Inc’s portfolio.

General Electric Company opened for trading at $31.33 and hit $31.63 on the upside on Friday, eventually ending the session at $31.49, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 3,27,00,349 shares. Company has a market cap of $289,571 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. Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.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 .

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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