Armstrong Henry H Associates Inc scooped up 1,647 additional shares in General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 19, 2016. The investment management firm now holds a total of 188,880 shares of General Electric Company which is valued at $5,473,742.General Electric Company makes up approximately 1.06% of Armstrong Henry H Associates Incs portfolio.
Other Hedge Funds, Including , Greenleaf Trust reduced its stake in GE by selling 5,542 shares or 9.14% in the most recent quarter. The Hedge Fund company now holds 55,116 shares of GE which is valued at $1,597,262. General Electric Company makes up approx 0.04% of Greenleaf Trusts portfolio.Gierl Augustine Investment Management Inc boosted its stake in GE in the latest quarter, The investment management firm added 3,017 additional shares and now holds a total of 97,891 shares of General Electric Company which is valued at $2,828,071. General Electric Company makes up approx 2.66% of Gierl Augustine Investment Management Incs portfolio.Alta Capital Management reduced its stake in GE by selling 340 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 17,703 shares of GE which is valued at $509,315. General Electric Company makes up approx 0.03% of Alta Capital Managements portfolio. Terra Nova Asset Management sold out all of its stake in GE during the most recent quarter. The investment firm sold 38,525 shares of GE which is valued $1,114,143.Cutler Group Lp reduced its stake in GE by selling 8,100 shares or 77.25% in the most recent quarter. The Hedge Fund company now holds 2,386 shares of GE which is valued at $68,860.
General Electric Company closed down -0.09 points or -0.31% at $28.98 with 6,41,53,187 shares getting traded on Friday. Post opening the session at $28.44, the shares hit an intraday low of $28.33 and an intraday high of $29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the companys financial health, General Electric Company reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $0.30. The company had revenue of $30021.00 million for the quarter, compared to analysts expectations of $29680.03 million. The companys revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on General Electric Company. Shares were Reiterated by UBS on Oct 14, 2016 to Buy and Lowered the Price Target to $ 34 from a previous price target of $37 .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.
(c) All rights reserved The Jerusalem Post 1995 - 2016 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers