General Electric Company (GE) : Mcmillion Capital Management Inc reduced its stake in General Electric Company by 2.97% during the most recent quarter end. The investment management company now holds a total of 108,602 shares of General Electric Company which is valued at $3,395,985 after selling 3,323 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.General Electric Company makes up approximately 2.52% of Mcmillion Capital Management Inc’s portfolio.
Other Hedge Funds, Including , American Economic Planning Group Inc Adv reduced its stake in GE by selling 1,096 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 13,108 shares of GE which is valued at $409,887. General Electric Company makes up approx 0.16% of American Economic Planning Group Inc Adv’s portfolio.Stevens First Principles Investment Advisors reduced its stake in GE by selling 1,340 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 89,243 shares of GE which is valued at $2,779,027. General Electric Company makes up approx 2.02% of Stevens First Principles Investment Advisors’s portfolio.Keel Point boosted its stake in GE in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 18,598 shares of General Electric Company which is valued at $601,831. General Electric Company makes up approx 0.25% of Keel Point’s portfolio.Firstmerit Bank N A Trustee reduced its stake in GE by selling 10,202 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 625,344 shares of GE which is valued at $20,236,132. General Electric Company makes up approx 1.60% of Firstmerit Bank N A Trustee’s portfolio.
General Electric Company opened for trading at $31.26 and hit $31.325 on the upside on Wednesday, eventually ending the session at $31.29, with a gain of 0.32% or 0.1 points. The heightened volatility saw the trading volume jump to 1,75,98,105 shares. Company has a market cap of $280,397 M.
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.