Farmers Trust Co Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Farmers Trust Co reduced its stake in General Electric Company by 12.37% during the most recent quarter end. The investment management company now holds a total of 352,622 shares of General Electric Company which is valued at $10,187,250 after selling 49,767 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.General Electric Company makes up approximately 3.57% of Farmers Trust Co’s portfolio.

Other Hedge Funds, Including , St. Johns Investment Management Company boosted its stake in GE in the latest quarter, The investment management firm added 1,680 additional shares and now holds a total of 47,162 shares of General Electric Company which is valued at $1,362,510. General Electric Company makes up approx 1.16% of St. Johns Investment Management Company’s portfolio.Harwood Advisory Group boosted its stake in GE in the latest quarter, The investment management firm added 8,254 additional shares and now holds a total of 83,919 shares of General Electric Company which is valued at $2,424,420. General Electric Company makes up approx 1.91% of Harwood Advisory Group’s portfolio.Community Bank N.a. boosted its stake in GE in the latest quarter, The investment management firm added 6,177 additional shares and now holds a total of 248,936 shares of General Electric Company which is valued at $7,161,889. General Electric Company makes up approx 1.66% of Community Bank N.a.’s portfolio.Weaver C. Barksdale Associates reduced its stake in GE by selling 653 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 28,071 shares of GE which is valued at $811,813. General Electric Company makes up approx 1.39% of Weaver C. Barksdale Associates’s portfolio.Raymond James Trust N.a. reduced its stake in GE by selling 9,222 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 361,678 shares of GE which is valued at $10,438,027. General Electric Company makes up approx 0.90% of Raymond James Trust N.a.’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.

Leave a Reply

General Electric Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Electric Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.