Oakwood Capital Managementca Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Oakwood Capital Managementca reduced its stake in General Electric Company by 0.65% during the most recent quarter end. The investment management company now holds a total of 199,146 shares of General Electric Company which is valued at $5,759,302 after selling 1,310 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.General Electric Company makes up approximately 1.50% of Oakwood Capital Managementca’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in GE in the latest quarter, The investment management firm added 12,475 additional shares and now holds a total of 532,917 shares of General Electric Company which is valued at $15,411,960. General Electric Company makes up approx 0.45% of Capstone Asset Management Co’s portfolio.Catawba Capital Management Va reduced its stake in GE by selling 8,073 shares or 4.37% in the most recent quarter. The Hedge Fund company now holds 176,805 shares of GE which is valued at $5,141,489. General Electric Company makes up approx 1.23% of Catawba Capital Management Va’s portfolio.Sadoff Investment Management reduced its stake in GE by selling 3,151 shares or 27.99% in the most recent quarter. The Hedge Fund company now holds 8,106 shares of GE which is valued at $235,722. General Electric Company makes up approx 0.03% of Sadoff Investment Management’s portfolio.North Star Asset Management Inc reduced its stake in GE by selling 3,555 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 316,773 shares of GE which is valued at $9,344,804. General Electric Company makes up approx 1.05% of North Star Asset Management Inc’s portfolio.Burns J W Co Incny reduced its stake in GE by selling 1,092 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 314,654 shares of GE which is valued at $9,282,293. General Electric Company makes up approx 2.87% of Burns J W Co Incny’s portfolio.

General Electric Company opened for trading at $28.75 and hit $29.03 on the upside on Tuesday, eventually ending the session at $28.92, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 3,09,42,235 shares. Company has a market cap of $259,159 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.

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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