Premier Asset Managment Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Premier Asset Managment reduced its stake in General Electric Company by 3.18% during the most recent quarter end. The investment management company now holds a total of 95,270 shares of General Electric Company which is valued at $2,740,918 after selling 3,125 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.General Electric Company makes up approximately 0.70% of Premier Asset Managment’s portfolio.

Other Hedge Funds, Including , Cohen Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 4,550 additional shares and now holds a total of 318,965 shares of General Electric Company which is valued at $9,176,623. General Electric Company makes up approx 2.75% of Cohen Capital Management’s portfolio.Headinvest boosted its stake in GE in the latest quarter, The investment management firm added 3,595 additional shares and now holds a total of 46,742 shares of General Electric Company which is valued at $1,348,974. General Electric Company makes up approx 0.48% of Headinvest’s portfolio.Carlson Capital Management reduced its stake in GE by selling 656 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 20,194 shares of GE which is valued at $582,799. General Electric Company makes up approx 0.20% of Carlson Capital Management’s portfolio.Trust Co Of Oklahoma boosted its stake in GE in the latest quarter, The investment management firm added 8,795 additional shares and now holds a total of 133,873 shares of General Electric Company which is valued at $3,893,027. General Electric Company makes up approx 2.16% of Trust Co Of Oklahoma’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.

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.

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