Stralem Co Inc Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Stralem Co Inc reduced its stake in General Electric Company by 10.09% during the most recent quarter end. The investment management company now holds a total of 859,533 shares of General Electric Company which is valued at $28,175,492 after selling 96,500 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.General Electric Company makes up approximately 3.18% of Stralem Co Inc’s portfolio.

Other Hedge Funds, Including , Marcus Capital reduced its stake in GE by selling 400 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 73,750 shares of GE which is valued at $2,417,525. General Electric Company makes up approx 2.42% of Marcus Capital’s portfolio.Bouchey Financial Group Ltd boosted its stake in GE in the latest quarter, The investment management firm added 6,506 additional shares and now holds a total of 154,815 shares of General Electric Company which is valued at $5,094,962. General Electric Company makes up approx 1.83% of Bouchey Financial Group Ltd’s portfolio.Augustine Asset Management Inc boosted its stake in GE in the latest quarter, The investment management firm added 555 additional shares and now holds a total of 80,875 shares of General Electric Company which is valued at $2,617,115. General Electric Company makes up approx 2.03% of Augustine Asset Management Inc’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in GE in the latest quarter, The investment management firm added 54,818 additional shares and now holds a total of 251,344 shares of General Electric Company which is valued at $8,133,492. General Electric Company makes up approx 1.50% of Franklin Street Advisors Inc Nc’s portfolio.Stokes Hubbell Capital Management boosted its stake in GE in the latest quarter, The investment management firm added 1,386 additional shares and now holds a total of 102,788 shares of General Electric Company which is valued at $3,309,774. General Electric Company makes up approx 1.41% of Stokes Hubbell Capital Management’s portfolio.

General Electric Company closed down -0.15 points or -0.46% at $32.78 with 3,55,57,794 shares getting traded on Wednesday. Post opening the session at $32.96, the shares hit an intraday low of $32.7 and an intraday high of $33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on General Electric Company. 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. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .

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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