Waverton Investment Management Ltd Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Waverton Investment Management Ltd reduced its stake in General Electric Company by 39.73% during the most recent quarter end. The investment management company now holds a total of 1,166,589 shares of General Electric Company which is valued at $33,737,754 after selling 769,028 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 2.28% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , 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.Macnealy Hoover Investment Management Inc reduced its stake in GE by selling 2,354 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 126,699 shares of GE which is valued at $3,656,533. General Electric Company makes up approx 0.69% of Macnealy Hoover Investment Management Inc’s portfolio.Cutler Group Lp reduced its stake in GE by selling 8,100 shares or 77.25% in the most recent quarter. The Hedge Fund company now holds 2,386 shares of GE which is valued at $68,860.Telemus Capital reduced its stake in GE by selling 4,954 shares or 7.9% in the most recent quarter. The Hedge Fund company now holds 57,788 shares of GE which is valued at $1,704,746. General Electric Company makes up approx 0.19% of Telemus Capital’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in GE by selling 4,673 shares or 29.69% in the most recent quarter. The Hedge Fund company now holds 11,068 shares of GE which is valued at $326,506. General Electric Company makes up approx 0.18% of First National Bank Of Mount Dora Trust Investment Services’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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