Woodmont Investment Counsel Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Woodmont Investment Counsel reduced its stake in General Electric Company by 1.49% during the most recent quarter end. The investment management company now holds a total of 156,401 shares of General Electric Company which is valued at $4,771,795 after selling 2,364 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General Electric Company makes up approximately 1.39% of Woodmont Investment Counsel’s portfolio.

Other Hedge Funds, Including , Rpg Family Wealth Advisory reduced its stake in GE by selling 3,480 shares or 39.84% in the most recent quarter. The Hedge Fund company now holds 5,255 shares of GE which is valued at $160,330. General Electric Company makes up approx 0.12% of Rpg Family Wealth Advisory’s portfolio.Palladium Partners boosted its stake in GE in the latest quarter, The investment management firm added 12,532 additional shares and now holds a total of 891,733 shares of General Electric Company which is valued at $26,136,694. General Electric Company makes up approx 2.32% of Palladium Partners’s portfolio.Argentus Capital Management reduced its stake in GE by selling 6,819 shares or 16.46% in the most recent quarter. The Hedge Fund company now holds 34,618 shares of GE which is valued at $986,267. General Electric Company makes up approx 0.40% of Argentus Capital Management’s portfolio.

General Electric Company closed down -0.12 points or -0.39% at $30.67 with 2,85,83,868 shares getting traded on Monday. Post opening the session at $30.75, the shares hit an intraday low of $30.52 and an intraday high of $30.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, General Electric Company reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $0.30. The company had revenue of $30021.00 million for the quarter, compared to analysts expectations of $29680.03 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 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 .

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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