General Electric Company (GE) : Putnam Fl Investment Management Co scooped up 2,482 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 1, 2016. The investment management firm now holds a total of 178,294 shares of General Electric Company which is valued at $5,550,292.General Electric Company makes up approximately 0.64% of Putnam Fl Investment Management Co’s portfolio.
Other Hedge Funds, Including , Wright Investors Service Inc boosted its stake in GE in the latest quarter, The investment management firm added 727 additional shares and now holds a total of 30,168 shares of General Electric Company which is valued at $939,130. General Electric Company makes up approx 0.37% of Wright Investors Service Inc’s portfolio.Greystone Investment Management reduced its stake in GE by selling 1,576 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 335,970 shares of GE which is valued at $10,509,142. General Electric Company makes up approx 4.59% of Greystone Investment Management’s portfolio.Johanson Financial Advisors reduced its stake in GE by selling 1,660 shares or 8.31% in the most recent quarter. The Hedge Fund company now holds 18,326 shares of GE which is valued at $603,109. General Electric Company makes up approx 0.69% of Johanson Financial Advisors’s portfolio.Benin Management Corp boosted its stake in GE in the latest quarter, The investment management firm added 13,730 additional shares and now holds a total of 139,586 shares of General Electric Company which is valued at $4,517,003. General Electric Company makes up approx 2.28% of Benin Management Corp’s portfolio.
General Electric Company opened for trading at $31.2 and hit $31.25 on the upside on Thursday, eventually ending the session at $31.17, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 2,02,93,694 shares. Company has a market cap of $279,322 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.