General Electric Co (GE) Shareholder Waters Parkerson & Company Has Trimmed Its Holding by $10.04 Million

June 29, 2018 - By James Hentges

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It improved, 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. Mechanics National Bank Tru Department owns 43,365 shares. Country Club Na stated it has 0.38% of its portfolio in General Electric Company (NYSE:GE). 918,278 were reported by Charter Tru. Brinker Incorporated invested 0.06% in General Electric Company (NYSE:GE). New Jersey Better Educational Savings invested in 0.54% or 36,000 shares. Exane Derivatives holds 0% of its portfolio in General Electric Company (NYSE:GE) for 271,346 shares. Arrowmark Colorado Lc accumulated 10,000 shares. New Mexico Educational Retirement Board stated it has 0.42% of its portfolio in General Electric Company (NYSE:GE). Janney Montgomery Scott Ltd Company stated it has 0.19% in General Electric Company (NYSE:GE). Villere St Denis J Limited Com invested 0.37% in General Electric Company (NYSE:GE). 3.41 million are held by Factory Mutual Insurance Co. Duff & Phelps Invest Management holds 0.02% or 93,748 shares. Verition Fund Lc holds 0.13% or 131,424 shares in its portfolio. Carret Asset Management Limited Liability invested in 0.67% or 303,127 shares. Meiji Yasuda Asset Management Ltd has invested 0.32% in General Electric Company (NYSE:GE).

Since January 26, 2018, it had 1 insider purchase, and 0 selling transactions 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 $119.79 billion market cap company. The stock decreased 0.28% or $0.0382 during the last trading session, reaching $13.7918. About 37.31 million 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 $1.48 billion 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: Seekingalpha.com which released: “Oz Management gains after GE Capital Aviation portfolio deal” on June 27, 2018, also Seekingalpha.com with their article: “GE Is Flashing A Buy Signal On A Weekly Reversal Chart; Is The Bottom In?” published on June 29, 2018, Seekingalpha.com published: “General Electric: No Shortcuts To Improve Leverage” on June 26, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s Radical Transformation Is A Fantastic First Step” published on June 28, 2018 as well as Fool.com‘s news article titled: “How the GE Breakup Will Give Shareholders a Chance to Make Up” with publication date: June 28, 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 company was maintained on Monday, May 21 by CFRA. The firm has “Hold” rating given on Monday, January 22 by Bank of America. DZ Bank downgraded General Electric Company (NYSE:GE) on Wednesday, March 28 to “Sell” rating. On Monday, April 9 the stock rating was maintained by J.P. Morgan with “Sell”. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Friday, April 27. Stifel Nicolaus has “Hold” rating and $15 target. On Tuesday, January 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock has “Hold” rating by Oppenheimer on Tuesday, June 26. The rating was maintained by CFRA with “Hold” on Tuesday, June 26. J.P. Morgan maintained the stock with “Sell” rating in Wednesday, May 30 report. Tigress Financial maintained the stock with “Hold” rating in Thursday, January 4 report.

General Electric Company (NYSE:GE) Institutional Positions Chart

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