General Electric Company (GE) : Home Federal Bank Of Tennessee reduced its stake in General Electric Company by 0.52% during the most recent quarter end. The investment management company now holds a total of 73,975 shares of General Electric Company which is valued at $2,313,938 after selling 390 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.General Electric Company makes up approximately 1.36% of Home Federal Bank Of Tennessee’s portfolio.
Other Hedge Funds, Including , Narwhal Capital Management reduced its stake in GE by selling 150 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 238,610 shares of GE which is valued at $7,463,721. General Electric Company makes up approx 2.28% of Narwhal Capital Management’s portfolio.Daiwa Securities Group reduced its stake in GE by selling 136,700 shares or 35.84% in the most recent quarter. The Hedge Fund company now holds 244,700 shares of GE which is valued at $7,654,216. General Electric Company makes up approx 0.05% of Daiwa Securities Group’s portfolio.Ruane Cunniff Goldfarb Inc reduced its stake in GE by selling 84,105 shares or 39.37% in the most recent quarter. The Hedge Fund company now holds 129,498 shares of GE which is valued at $4,261,779. General Electric Company makes up approx 0.04% of Ruane Cunniff Goldfarb Inc’s portfolio.Gradient Investments reduced its stake in GE by selling 1,735 shares or 22.64% in the most recent quarter. The Hedge Fund company now holds 5,928 shares of GE which is valued at $195,090. General Electric Company makes up approx 0.02% of Gradient Investments’s portfolio.Quotient Investors reduced its stake in GE by selling 43,227 shares or 41.34% in the most recent quarter. The Hedge Fund company now holds 61,325 shares of GE which is valued at $1,984,477. General Electric Company makes up approx 0.91% of Quotient Investors’s portfolio.
General Electric Company closed down -0.11 points or -0.35% at $31.14 with 5,00,52,182 shares getting traded on Friday. Post opening the session at $31.28, the shares hit an intraday low of $31.111 and an intraday high of $31.4264 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.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.
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.