Portland Global Advisors buys $2,378,938 stake in General Electric Company (GE)

General Electric Company (GE) : Portland Global Advisors scooped up 490 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 76,053 shares of General Electric Company which is valued at $2,378,938.General Electric Company makes up approximately 1.06% of Portland Global Advisors’s portfolio.

Other Hedge Funds, Including , British Airways Pensions Investment Management Ltd reduced its stake in GE by selling 74,590 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 1,592,190 shares of GE which is valued at $49,803,703. General Electric Company makes up approx 1.46% of British Airways Pensions Investment Management Ltd’s portfolio.Rnc Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 4,844 additional shares and now holds a total of 1,130,725 shares of General Electric Company which is valued at $35,369,078. General Electric Company makes up approx 3.20% of Rnc Capital Management’s portfolio.Roffman Miller Associates Inc Pa boosted its stake in GE in the latest quarter, The investment management firm added 23,977 additional shares and now holds a total of 447,719 shares of General Electric Company which is valued at $14,676,229. General Electric Company makes up approx 2.34% of Roffman Miller Associates Inc Pa’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.Cohen Lawrence B reduced its stake in GE by selling 760 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 27,710 shares of GE which is valued at $892,262. General Electric Company makes up approx 0.52% of Cohen Lawrence B’s portfolio.

General Electric Company closed down -0.11 points or -0.35% at $31.14 with 5,00,52,182 shares getting traded on Friday. Post opening the session at $31.28, the shares hit an intraday low of $31.111 and an intraday high of $31.4264 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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