General Electric Co (GE) Stock Price Declined While Waters Parkerson & Company Lowered Its Holding by $10.04 Million

June 29, 2018 - By Mari Anderson

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It increased, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Schnieders Capital Ltd Liability owns 30,394 shares. Blue Edge Capital Ltd has invested 0% in General Electric Company (NYSE:GE). Penbrook Mgmt Ltd Liability Corp owns 17,890 shares. General Amer owns 295,000 shares or 0.38% of their US portfolio. The Illinois-based Busey Communication has invested 0.58% in General Electric Company (NYSE:GE). Payden Rygel, a California-based fund reported 12,802 shares. Wheatland Inc reported 1.44% stake. Moneta Investment Advsr Lc holds 62,938 shares or 0.09% of its portfolio. Allen Invest Ltd invested in 0.1% or 169,800 shares. Zeke Cap Advsr Lc holds 0.28% of its portfolio in General Electric Company (NYSE:GE) for 226,965 shares. Mutual Of America Cap Mgmt Lc holds 0.23% or 1.11 million shares. Moreover, Valicenti Advisory has 0.15% invested in General Electric Company (NYSE:GE). 166,898 were accumulated by Harvey Invest Ltd Liability Corporation. Inspirion Wealth Limited Liability reported 0.19% in General Electric Company (NYSE:GE). 465,278 were accumulated by Symons Capital Management.

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

Waters Parkerson & Company decreased its stake in General Electric Co (GE) by 93.45% based on its latest 2018Q1 regulatory filing with the SEC. Waters Parkerson & Company sold 772,560 shares as the company’s stock declined 0.14% with the market. The institutional investor held 54,169 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $730,000, down from 826,729 at the end of the previous reported quarter. Waters Parkerson & Company who had been investing in General Electric Co for a number of months, seems to be less bullish one the $119.79B market cap company. The stock decreased 0.28% or $0.0382 during the last trading session, reaching $13.7918. About 37.31M shares traded. General Electric Company (NYSE:GE) has declined 46.78% since June 29, 2017 and is downtrending. It has underperformed by 59.35% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 EPS, down 39.29 % or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48B for 20.28 P/E if the $0.17 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Thestreet.com which released: “Why GE’s Stock Has Fallen 15% in the Last 30 Days” on June 19, 2018, also Seekingalpha.com with their article: “After Shedding Assets, General Electric Is Worth $20 A Share” published on June 27, 2018, Seekingalpha.com published: “Oz Management gains after GE Capital Aviation portfolio deal” on June 27, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Breaking Bad: Value Is Nowhere In Sight” published on June 28, 2018 as well as Seekingalpha.com‘s news article titled: “WSJ: GE nears deal to sell industrial engines unit to PE firm for at least $3B” with publication date: June 25, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Among 16 analysts covering General Electric (NYSE:GE), 3 have Buy rating, 3 Sell and 10 Hold. Therefore 19% are positive. General Electric has $23 highest and $1100 lowest target. $15.33’s average target is 11.15% above currents $13.7918 stock price. General Electric had 26 analyst reports since January 4, 2018 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Monday, April 23. CFRA maintained the stock with “Hold” rating in Monday, May 21 report. The rating was maintained by J.P. Morgan on Thursday, March 29 with “Sell”. Cowen & Co maintained the shares of GE in report on Wednesday, April 11 with “Hold” rating. RBC Capital Markets maintained the shares of GE in report on Monday, February 26 with “Hold” rating. The firm has “Sell” rating given on Wednesday, May 30 by J.P. Morgan. The stock has “Buy” rating by Citigroup on Thursday, January 25. As per Monday, April 9, the company rating was maintained by J.P. Morgan. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, April 3 by Stifel Nicolaus. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by DZ Bank on Friday, January 26.

General Electric Company (NYSE:GE) Institutional Positions Chart

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