General Electric Company (GE) : Parametric Portfolio Associates scooped up 320,862 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 16,534,099 shares of General Electric Company which is valued at $516,525,253.General Electric Company makes up approximately 0.78% of Parametric Portfolio Associates’s portfolio.
Other Hedge Funds, Including , Krasney Financial boosted its stake in GE in the latest quarter, The investment management firm added 4,719 additional shares and now holds a total of 42,165 shares of General Electric Company which is valued at $1,317,235. General Electric Company makes up approx 0.29% of Krasney Financial’s portfolio.Benchmark Capital Advisors reduced its stake in GE by selling 9,434 shares or 20.51% in the most recent quarter. The Hedge Fund company now holds 36,566 shares of GE which is valued at $1,143,419. General Electric Company makes up approx 0.90% of Benchmark Capital Advisors’s portfolio.Armbruster Capital Management reduced its stake in GE by selling 727 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 34,808 shares of GE which is valued at $1,083,921. General Electric Company makes up approx 0.68% of Armbruster Capital Management’s portfolio.Seaward Management Limited Partnership reduced its stake in GE by selling 7,085 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 863,023 shares of GE which is valued at $26,995,359. General Electric Company makes up approx 1.43% of Seaward Management Limited Partnership’s portfolio.Btr Capital Management Inc reduced its stake in GE by selling 2,101 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 77,642 shares of GE which is valued at $2,555,198. General Electric Company makes up approx 0.57% of Btr Capital Management Inc’s portfolio.
General Electric Company opened for trading at $31.18 and hit $31.45 on the upside on Monday, eventually ending the session at $31.36, with a gain of 0.42% or 0.13 points. The heightened volatility saw the trading volume jump to 2,12,48,854 shares. Company has a market cap of $281,024 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 (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.