Trust Company Of Virginia Has Lowered General Electric Co (GE) Stake by $405,456; National Planning Has Trimmed Its General Electric Co (GE) Position by $1.38 Million; Share Price Declined

January 16, 2018 - By Vivian Park

Trust Company Of Virginia decreased its stake in General Electric Co (GE) by 3.82% based on its latest 2017Q3 regulatory filing with the SEC. Trust Company Of Virginia sold 16,894 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 425,242 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $10.28M, down from 442,136 at the end of the previous reported quarter. Trust Company Of Virginia who had been investing in General Electric Co for a number of months, seems to be less bullish one the $157.92 billion market cap company. The stock decreased 2.93% or $0.55 during the last trading session, reaching $18.21. About 204.25 million shares traded or 149.21% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 16, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

National Planning Corp decreased its stake in General Electric Co (GE) by 27.76% based on its latest 2017Q3 regulatory filing with the SEC. National Planning Corp sold 57,691 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 150,131 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.63M, down from 207,822 at the end of the previous reported quarter. National Planning Corp who had been investing in General Electric Co for a number of months, seems to be less bullish one the $157.92 billion market cap company. The stock decreased 2.93% or $0.55 during the last trading session, reaching $18.21. About 204.25M shares traded or 149.21% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 16, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Since August 8, 2017, it had 2 insider purchases, and 1 sale for $4.48 million activity. Flannery John Leonard had bought 103,983 shares worth $2.66 million on Tuesday, August 8. $633,375 worth of stock was sold by Comstock Elizabeth J on Wednesday, August 9.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Alabama-based 10 has invested 2.34% in General Electric Company (NYSE:GE). The Ohio-based Budros Ruhlin And Roe Incorporated has invested 0.59% in General Electric Company (NYSE:GE). Leavell Management Inc reported 0.2% of its portfolio in General Electric Company (NYSE:GE). Brookstone Capital Mgmt holds 0.69% or 315,454 shares. Highland Limited Liability Corporation reported 597,668 shares or 1.15% of all its holdings. Schaper Benz Wise Investment Counsel Wi holds 257,754 shares or 0.97% of its portfolio. Valicenti Advisory Services reported 206,500 shares stake. Prentiss Smith & Company holds 46,932 shares. Phillips Fincl Management Limited has 10,589 shares for 0.06% of their portfolio. Van Eck Associate accumulated 1.19 million shares. Vermont-based Of Vermont has invested 1.11% in General Electric Company (NYSE:GE). Oarsman Capital Inc holds 2.11% or 206,304 shares. Moreover, Lourd Capital Limited Liability has 0.15% invested in General Electric Company (NYSE:GE) for 71,233 shares. 96,990 were accumulated by Convergence Invest Prns Lc. At Commercial Bank owns 108,197 shares or 0.3% of their US portfolio.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51B for 15.70 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained General Electric Company (NYSE:GE) rating on Monday, November 23. Credit Suisse has “Outperform” rating and $34 target. The rating was maintained by Bernstein with “Market Perform” on Tuesday, July 26. On Monday, June 12 the stock rating was maintained by Cowen & Co with “Hold”. RBC Capital Markets maintained the shares of GE in report on Thursday, March 23 with “Positive” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. The firm has “Outperform” rating given on Friday, December 16 by Bernstein. As per Thursday, May 12, the company rating was initiated by JP Morgan. RBC Capital Markets downgraded General Electric Company (NYSE:GE) on Tuesday, November 14 to “Sector Perform” rating. The firm earned “Buy” rating on Monday, October 23 by RBC Capital Markets. On Monday, November 13 the stock rating was upgraded by Langenberg to “Buy”.

National Planning Corp, which manages about $1.20 billion US Long portfolio, upped its stake in Vanguard Index Fds (VUG) by 38,885 shares to 108,547 shares, valued at $14.41 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Whitehall Fds Inc (VYM) by 13,291 shares in the quarter, for a total of 117,800 shares, and has risen its stake in Micron Technology Inc (NASDAQ:MU).

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 15.70 P/E if the $0.29 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Outperform” rating in Thursday, October 5 report. Vetr downgraded General Electric Company (NYSE:GE) rating on Tuesday, September 22. Vetr has “Hold” rating and $25.84 target. The firm has “Neutral” rating by Bank of America given on Wednesday, April 26. RBC Capital Markets maintained the shares of GE in report on Thursday, March 23 with “Positive” rating. The firm has “Buy” rating given on Wednesday, August 26 by TheStreet. The firm earned “Outperform” rating on Monday, November 23 by Credit Suisse. The stock of General Electric Company (NYSE:GE) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 14. RBC Capital Markets maintained the shares of GE in report on Monday, October 23 with “Buy” rating. On Wednesday, September 16 the stock rating was upgraded by Credit Suisse to “Focus List”. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, October 19 with “Outperform” rating.

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