General Electric Company (GE) : Mckinley Carter Wealth Services reduced its stake in General Electric Company by 4.87% during the most recent quarter end. The investment management company now holds a total of 36,756 shares of General Electric Company which is valued at $1,144,214 after selling 1,883 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.General Electric Company makes up approximately 0.58% of Mckinley Carter Wealth Services’s portfolio.
Other Hedge Funds, Including , Shelton Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 7,542 additional shares and now holds a total of 133,229 shares of General Electric Company which is valued at $4,147,419. General Electric Company makes up approx 0.36% of Shelton Capital Management’s portfolio.Sol Capital Management Co reduced its stake in GE by selling 7,970 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 133,236 shares of GE which is valued at $4,148,969. General Electric Company makes up approx 1.23% of Sol Capital Management Co’s portfolio.Summit Financial Strategies reduced its stake in GE by selling 5,676 shares or 43.24% in the most recent quarter. The Hedge Fund company now holds 7,452 shares of GE which is valued at $233,099. General Electric Company makes up approx 0.17% of Summit Financial Strategies’s portfolio.Canandaigua National Bank Trust Co boosted its stake in GE in the latest quarter, The investment management firm added 5,930 additional shares and now holds a total of 343,019 shares of General Electric Company which is valued at $10,729,634. General Electric Company makes up approx 3.05% of Canandaigua National Bank Trust Co’s portfolio.Berson Corrado Investment Advisors reduced its stake in GE by selling 16,507 shares or 12.56% in the most recent quarter. The Hedge Fund company now holds 114,914 shares of GE which is valued at $3,700,231. General Electric Company makes up approx 1.38% of Berson Corrado Investment Advisors’s portfolio.
General Electric Company opened for trading at $31.2 and hit $31.25 on the upside on Thursday, eventually ending the session at $31.17, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 2,02,93,694 shares. Company has a market cap of $279,322 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.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.