General Electric Co (NYSE:GE) Sentiment Crashes in 2017 Q3

Marco Green
January 13, 2018

The institutional investor held 172,618 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.17 million, down from 189,952 at the end of the previous reported quarter. Scotia Capital Inc who had been investing in Hsbc Hldgs Plc for a number of months, seems to be less bullish one the $208.31B market cap company.

The most recent non open market insider trade was completed by BALLANTINE JOHN W on 09/18/2017, and was a acquisition of 1,833 shares with a final price of $0. About 60.31M shares traded.

General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, October 20th. It has underperformed by 21.16% the S&P500.

Park Circle Co, which manages about $174.41 million US Long portfolio, decreased its stake in Visa Inc (Call) by 200,000 shares to 50,000 shares, valued at $5.26 million in 2017Q3, according to the filing. It also reduced its holding in Oclaro Inc (NASDAQ:OCLR) by 1.70M shares in the quarter, leaving it with 891,170 shares, and cut its stake in Daqo New Energy Corp (NYSE:DQ). The company was upgraded on Wednesday, September 16 by Credit Suisse. Portland General Electric's revenue for the quarter was up 6.4% compared to the same quarter last year. equities research analysts anticipate that Portland General Electric will post 2.26 EPS for the current fiscal year. GE's profit will be $2.51B for 16.56 P/E if the $0.29 EPS becomes a reality. Foster Dykema Cabot Company Ma invested in 57,158 shares or 0.24% of the stock.

Among 2 analysts covering Charter Financial Corp (NASDAQ:CHFN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 65% are positive. Bristol-Myers Squibb Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The firm owned 107,399 shares of the conglomerate's stock after buying an additional 8,758 shares during the period. The stock has "Buy" rating by Standpoint Research on Monday, August 24. Langenberg upgraded the stock to "Buy" rating in Monday, November 13 report. As per Tuesday, March 21, the company rating was maintained by Whitman Howard. They set a neutral rating and a $45.00 price objective for the company. The firm has "Neutral" rating given on Monday, October 23 by UBS. 0 analysts gave its stock an Outperform rating. The company was maintained on Thursday, July 20 by Whitman Howard. The rating was maintained by Keefe Bruyette & Woods on Friday, June 24 with "Outperform". The company has a market cap of $164,940.00, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.05 and a beta of 1.07. Its down 0.10, from 0.79 in 2017Q2. 16 funds opened positions while 29 raised stakes. Nine Masts Limited reported 64,784 shares stake. 96,283 are held by Comerica Comml Bank. Saratoga Rech And holds 12,394 shares or 0.18% of its portfolio. The New York-based Trustco Bank Corp N Y has invested 7.5% in the stock.

The Gabelli Multimedia Trust a closed-ended equity mutual fund launched by GAMCO Investors, Inc. Choate Inv Advsr holds 395,391 shares or 0.52% of its portfolio. Pinnacle Holdg Lc owns 34,326 shares. Moreover, Gabelli & Co Investment Advisers Inc. has 0.11% invested in the company for 98,028 shares. Fukoku Mutual Life owns 0.13% invested in General Electric Company (NYSE:GE) for 37,200 shares. Hence the difference between Predicted EPS and Actual EPS reported is $-0.2/share which shows an Earnings Surprise of -40.8 Percent. Company insiders own 0.36% of the company's stock. American International Gru accumulated 0% or 8,253 shares. Ig Limited owns 5.73M shares or 0.71% of their USA portfolio. The insider, DYESS KIRBY, now holds 14,949 shares of POR.

Investors of record on Wednesday, December 27th will be given a $0.12 dividend. Its down 0.10, from 0.79 in 2017Q2. It worsened, as 112 investors sold GE shares while 818 reduced holdings.

Several other hedge funds have also recently made changes to their positions in the company. Following the transaction, the chairman now owns 575,477 shares of the company's stock, valued at $10,513,964.79. Norman Fields Gottscho Capital Management stated it has 24,050 shares. Taurus Asset Limited Liability Corp accumulated 253,446 shares. S&T National Bank & Trust Pa has 303,799 shares for 1.31% of their portfolio. Avalon Llc invested in 868,777 shares or 2.06% of the stock. General Electric makes up approximately 1.3% of Pensionfund Sabic's portfolio, making the stock its 5th biggest holding. 586,042 are held by Ing Groep Nv.

YorkBridge Wealth Partners LLC raised its holdings in General Electric (NYSE:GE) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The Ohio-based Budros Ruhlin Roe has invested 0.59% in General Electric Company (NYSE:GE). Gfs Advsrs accumulated 3.48% or 639,153 shares. Deprince Race & Zollo Inc holds 1.39 million shares or 0.75% of its portfolio. Jane Street Group Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $165.20B market cap company. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Tuesday, November 14 by Bank of America. Utd Asset Strategies holds 177,655 shares. Finally, Citigroup set a $28.00 price objective on shares of General Electric and gave the company a "buy" rating in a report on Monday, October 23rd. Therefore 38% are positive. General Electric Company now has $163.90 billion valuation. RBC Capital Markets maintained the shares of GE in report on Monday, July 10 with "Buy" rating. The rating was maintained by Stifel Nicolaus with "Buy" on Friday, January 27. Advisor Group Inc. bought a new position in Portland General Electric Company during the second quarter valued at approximately $140,000. Morgan Stanley maintained the shares of GE in report on Thursday, October 6 with "Equal-Weight" rating. $2.46M worth of stock was bought by TISCH JAMES S on Tuesday, August 22. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Wednesday, October 11.

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