General Electric Company (GE) : Elite Wealth Management reduced its stake in General Electric Company by 7.48% during the most recent quarter end. The investment management company now holds a total of 19,729 shares of General Electric Company which is valued at $569,971 after selling 1,594 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.General Electric Company makes up approximately 0.84% of Elite Wealth Management’s portfolio.
Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in GE by selling 16,065 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 563,029 shares of GE which is valued at $16,265,908. General Electric Company makes up approx 2.35% of Country Club Trust Company N.a.’s portfolio.First Premier Bank boosted its stake in GE in the latest quarter, The investment management firm added 8,918 additional shares and now holds a total of 83,016 shares of General Electric Company which is valued at $2,388,370. General Electric Company makes up approx 1.83% of First Premier Bank’s portfolio. Fox Run Management L.l.c. added GE to its portfolio by purchasing 15,200 company shares during the most recent quarter which is valued at $439,584. General Electric Company makes up approx 0.26% of Fox Run Management L.l.c.’s portfolio.Mcqueen Ball Associates reduced its stake in GE by selling 1,003 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 90,440 shares of GE which is valued at $2,667,980. General Electric Company makes up approx 1.83% of Mcqueen Ball Associates’s portfolio.Stillwater Investment Management boosted its stake in GE in the latest quarter, The investment management firm added 2,613 additional shares and now holds a total of 101,245 shares of General Electric Company which is valued at $2,986,728. General Electric Company makes up approx 1.62% of Stillwater Investment Management’s portfolio.
General Electric Company opened for trading at $28.96 and hit $29.03 on the upside on Friday, eventually ending the session at $28.89, with a gain of 0.42% or 0.12 points. The heightened volatility saw the trading volume jump to 2,81,81,380 shares. Company has a market cap of $258,890 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. Shares were Reiterated by UBS on Oct 14, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $37 .Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.
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.