Broderick Brian C Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Broderick Brian C reduced its stake in General Electric Company by 2.36% during the most recent quarter end. The investment management company now holds a total of 104,960 shares of General Electric Company which is valued at $3,284,198 after selling 2,540 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.General Electric Company makes up approximately 1.34% of Broderick Brian C’s portfolio.

Other Hedge Funds, Including , Nottingham Advisors boosted its stake in GE in the latest quarter, The investment management firm added 1,557 additional shares and now holds a total of 44,097 shares of General Electric Company which is valued at $1,379,795. General Electric Company makes up approx 0.25% of Nottingham Advisors’s portfolio.First Trust Advisors Lp reduced its stake in GE by selling 3,412,384 shares or 97.64% in the most recent quarter. The Hedge Fund company now holds 82,390 shares of GE which is valued at $2,577,159. General Electric Company makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Jennison Associates boosted its stake in GE in the latest quarter, The investment management firm added 1,588,006 additional shares and now holds a total of 18,226,299 shares of General Electric Company which is valued at $567,384,688. General Electric Company makes up approx 0.60% of Jennison Associates’s portfolio.Spinnaker Trust reduced its stake in GE by selling 1,675 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 189,729 shares of GE which is valued at $5,906,264. General Electric Company makes up approx 0.81% of Spinnaker Trust’s portfolio. Diligent Investors sold out all of its stake in GE during the most recent quarter. The investment firm sold 45,561 shares of GE which is valued $1,418,770.

General Electric Company (GE) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $31.3 and reached the intraday high at $31.35. The bulls started the profit booking and pushed the shares to intraday low of $31.22. The trading session was marked by a volume range of 1,95,53,314 shares exchanging hands. The 52-week high of the shares is $33 and the 52-week low is $19.37. The market cap of the company stands at $279,949 M and there are 8,96,12,33,000 shares in public circulation.

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.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016.

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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