General Electric Company (GE) : Ngam Advisors reduced its stake in General Electric Company by 5.08% during the most recent quarter end. The investment management company now holds a total of 1,738,183 shares of General Electric Company which is valued at $54,109,637 after selling 93,030 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 0.72% of Ngam Advisors’s portfolio.
Other Hedge Funds, Including , Investment House boosted its stake in GE in the latest quarter, The investment management firm added 20,759 additional shares and now holds a total of 97,958 shares of General Electric Company which is valued at $3,064,126. General Electric Company makes up approx 0.47% of Investment House’s portfolio.Commonwealth Financial Services boosted its stake in GE in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 11,240 shares of General Electric Company which is valued at $360,354. General Electric Company makes up approx 0.42% of Commonwealth Financial Services’s portfolio.Alta Capital Management reduced its stake in GE by selling 1,953 shares or 9.77% in the most recent quarter. The Hedge Fund company now holds 18,043 shares of GE which is valued at $578,459. General Electric Company makes up approx 0.03% of Alta Capital Management’s portfolio.Baker Boyer National Bank reduced its stake in GE by selling 842 shares or 4.13% in the most recent quarter. The Hedge Fund company now holds 19,561 shares of GE which is valued at $632,994. General Electric Company makes up approx 2.83% of Baker Boyer National Bank’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.