General Electric Company (GE) : Wealthcare Capital Management reduced its stake in General Electric Company by 25.77% during the most recent quarter end. The investment management company now holds a total of 2,592 shares of General Electric Company which is valued at $80,974 after selling 900 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.General Electric Company makes up approximately 0.01% of Wealthcare Capital Management’s portfolio.
Other Hedge Funds, Including , Tiedemann Trust Co reduced its stake in GE by selling 4,928 shares or 15.67% in the most recent quarter. The Hedge Fund company now holds 26,528 shares of GE which is valued at $828,735. General Electric Company makes up approx 0.16% of Tiedemann Trust Co’s portfolio.Olstein Capital Management reduced its stake in GE by selling 5,000 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 220,000 shares of GE which is valued at $6,879,400. General Electric Company makes up approx 0.88% of Olstein Capital Management’s portfolio.Coho Partners Ltd. reduced its stake in GE by selling 1,239 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 37,287 shares of GE which is valued at $1,166,337. General Electric Company makes up approx 0.04% of Coho Partners Ltd.’s portfolio.Standard Life Investments Ltd reduced its stake in GE by selling 7,083 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 416,751 shares of GE which is valued at $13,035,971. General Electric Company makes up approx 0.06% of Standard Life Investments Ltd’s portfolio.
General Electric Company opened for trading at $31.18 and hit $31.45 on the upside on Monday, eventually ending the session at $31.36, with a gain of 0.42% or 0.13 points. The heightened volatility saw the trading volume jump to 2,12,48,854 shares. Company has a market cap of $281,024 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 (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.