General Electric Company (GE) Shares Sold by Cabot Wealth Management

Cabot Wealth Management lowered its position in shares of General Electric Company (NYSE:GE) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The hedge fund owned 23,356 shares of the company’s stock after selling 106 shares during the period. Cabot Wealth Management’s holdings in General Electric Company were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Capital Management raised its position in General Electric Company by 50.2% in the fourth quarter. Beacon Capital Management now owns 449 shares of the company’s stock worth $14,000 after buying an additional 150 shares in the last quarter. Telemus Capital boosted its stake in shares of General Electric Company by 1.4% in the fourth quarter. Telemus Capital now owns 18,806 shares of the company’s stock worth $586,000 after buying an additional 253 shares during the last quarter. Legacy Private Trust Company boosted its stake in shares of General Electric Company by 0.3% in the fourth quarter. Legacy Private Trust Company now owns 107,984 shares of the company’s stock worth $3,363,000 after buying an additional 360 shares during the last quarter. Blue Fin Capital boosted its stake in shares of General Electric Company by 0.7% in the fourth quarter. Blue Fin Capital now owns 54,950 shares of the company’s stock worth $1,712,000 after buying an additional 370 shares during the last quarter. Finally, Prospera Financial Services boosted its stake in shares of General Electric Company by 1.2% in the fourth quarter. Prospera Financial Services now owns 39,130 shares of the company’s stock worth $1,219,000 after buying an additional 454 shares during the last quarter.

General Electric Company (NYSE:GE) opened at 29.10 on Friday. General Electric Company has a 12-month low of $19.37 and a 12-month high of $31.49. The company’s market cap is $283.58 billion. The stock’s 50 day moving average is $29.60 and its 200-day moving average is $27.84.

General Electric Company (NYSE:GE) last announced its quarterly earnings data on Friday, January 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business earned $33.80 billion during the quarter. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Analysts predict that General Electric Company will post $1.50 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on GE. William Blair restated a “buy” rating on shares of General Electric Company in a report on Wednesday, November 11th. Independent Research GmbH set a $37.00 target price on shares of General Electric Company and gave the stock a “buy” rating in a report on Thursday, December 24th. Sanford C. Bernstein restated a “buy” rating and set a $33.00 target price on shares of General Electric Company in a report on Friday, January 22nd. Argus restated a “buy” rating on shares of General Electric Company in a report on Tuesday, December 29th. Finally, Oppenheimer restated a “market perform” rating on shares of General Electric Company in a report on Sunday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $32.05.

In other news, SVP Alexander Dimitrief bought 65,272 shares of the business’s stock in a transaction on Monday, January 25th. The shares were bought at an average cost of $28.04 per share, for a total transaction of $1,830,226.88. Following the completion of the acquisition, the senior vice president now owns 17,896 shares in the company, valued at approximately $501,803.84. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

General Electric Company (NYSE: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.

This story was originally published by EMQ (http://www.emqtv.com) and is the sole property of EMQ. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://www.emqtv.com/general-electric-company-ge-shares-sold-by-cabot-wealth-management/177572/

Receive News Ratings for General Electric Company Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Electric Company and related companies with MarketBeat.com’s FREE daily email newsletter.

Tags:

Saturday, January 30th, 2016 EN

No comments yet.

Leave a comment

You must be logged in to post a comment.