Gierl Augustine Investment Management Inc buys $2,828,071 stake in General Electric Company (GE)

General Electric Company (GE) : Gierl Augustine Investment Management Inc scooped up 3,017 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 97,891 shares of General Electric Company which is valued at $2,828,071.General Electric Company makes up approximately 2.66% of Gierl Augustine Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Retirement Design Management Inc Adv reduced its stake in GE by selling 489 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 54,593 shares of GE which is valued at $1,577,192. General Electric Company makes up approx 0.99% of Retirement Design Management Inc Adv’s portfolio.Premier Asset Managment reduced its stake in GE by selling 3,125 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 95,270 shares of GE which is valued at $2,740,918. General Electric Company makes up approx 0.70% of Premier Asset Managment’s portfolio.Genesee Valley Trust Co reduced its stake in GE by selling 30 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 31,606 shares of GE which is valued at $914,046. General Electric Company makes up approx 0.59% of Genesee Valley Trust Co’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in GE by selling 655,401 shares or 40.57% in the most recent quarter. The Hedge Fund company now holds 960,248 shares of GE which is valued at $27,712,757. General Electric Company makes up approx 0.60% of Oregon Public Employees Retirement Fund’s portfolio.Canal Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 86 additional shares and now holds a total of 18,501 shares of General Electric Company which is valued at $533,939. General Electric Company makes up approx 0.50% of Canal Capital 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.

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