General Electric Company (GE) : Maple Securities Usa Inc has sold out all of its stake in General Electric Company during the most recent quarter, according to the disclosure filed by the company on Oct 11, 2016 with the SEC. The investment management company has sold out 38,107 shares of General Electric Company which is valued at $1,099,768.
Other Hedge Funds, Including , Beacon Capital Management reduced its stake in GE by selling 150 shares or 34.4% in the most recent quarter. The Hedge Fund company now holds 286 shares of GE which is valued at $8,254.Central Bank Trust Co boosted its stake in GE in the latest quarter, The investment management firm added 1,128 additional shares and now holds a total of 25,458 shares of General Electric Company which is valued at $740,319. General Electric Company makes up approx 0.21% of Central Bank Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in GE by selling 92,175 shares or 3.87% in the most recent quarter. The Hedge Fund company now holds 2,288,123 shares of GE which is valued at $66,538,617. General Electric Company makes up approx 1.40% of Exxonmobil Investment Management Inc Tx’s portfolio.Lvm Capital Management Ltdmi reduced its stake in GE by selling 5,376 shares or 17.26% in the most recent quarter. The Hedge Fund company now holds 25,768 shares of GE which is valued at $760,156. General Electric Company makes up approx 0.24% of Lvm Capital Management Ltdmi’s portfolio.Bath Savings Trust Co reduced its stake in GE by selling 7,862 shares or 13.98% in the most recent quarter. The Hedge Fund company now holds 48,378 shares of GE which is valued at $1,427,151. General Electric Company makes up approx 0.45% of Bath Savings Trust Co’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.