Wilbanks Smith & Thomas Asset Management LLC decreased the number of General Electric (NYSE: GE) shares held during the third quarter, as stated in the most recent SEC filing that the company submitted. The institutional investor now has 11,302 shares of the company’s stock in possession after selling 93,380 shares of the conglomerate’s stock over the quarter. According to the most recent report submitted to the SEC, Wilbanks Smith & Thomas Asset Management LLC owned 70,000 shares in General Electric. The value of these shares was determined to be $700.000.
A number of other hedge funds have followed suit and decreased the total amount of money they have invested in the company. Pinnacle Financial Partners Inc. achieved a 5.4% increase in the proportion of General Electric stock owned by the end of the third quarter. Following the acquisition of 343 additional shares during the most recent quarter, Pinnacle Financial Partners Inc. now has 6,731 shares of the conglomerate’s stock. As a result, there are holdings with a total value of 417,000 dollars that belong to the company. During the third quarter, International Assets Investment Management LLC saw a rise of 652.9% in General Electric stock that it owned as a percentage of its total holdings. Following the acquisition of an additional 95,643 shares during the most recent quarter, International Assets Investment Management LLC now possesses a total of 110,291 shares of the conglomerate’s stock, which is currently valued at $1,036,000. This brings the total number of shares owned by the firm to 110,291. During the third quarter, Camelot Portfolios LLC increased its holdings in General Electric (GE) stock by purchasing an additional 20.4% of the company. Camelot Portfolios LLC now has 10,399 shares of the conglomerate’s stock, which has a value of $644,000. This is a result of the company’s purchase of an additional 1,759 shares during the most recent quarter. In addition, CFS Investment Advisory Services LLC put approximately 76,000 dollars into a new investment in General Electric during the third quarter of this fiscal year. Last but not least, during the third quarter, the Czech National Bank spent approximately $7,887,000 to purchase additional shares of General Electric stock to increase the amount of the company’s stock that it held. At present, institutional investors have control over 70.12% of the total shares outstanding in the company.
The company has taken the feedback that GE has received from many different research companies. Bank of America, i