Walter & Keenan Financial Consulting Company Position in General Electric Co (GE) Has Increased by $383,496 as Stock Price Declined; Accenture Plc (ACN) Valuation Declined While Laurel Grove Capital Trimmed by $759,375 Its Position

February 23, 2018 - By Marguerite Chambers

Laurel Grove Capital Llc decreased its stake in Accenture Plc (ACN) by 29.8% based on its latest 2017Q3 regulatory filing with the SEC. Laurel Grove Capital Llc sold 5,625 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 13,250 shares of the business services company at the end of 2017Q3, valued at $1.79M, down from 18,875 at the end of the previous reported quarter. Laurel Grove Capital Llc who had been investing in Accenture Plc for a number of months, seems to be less bullish one the $100.49B market cap company. The stock increased 1.64% or $2.63 during the last trading session, reaching $162.95. About 1.54 million shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 23, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Walter & Keenan Financial Consulting Company increased its stake in General Electric Co (GE) by 6.52% based on its latest 2017Q3 regulatory filing with the SEC. Walter & Keenan Financial Consulting Company bought 15,979 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 261,089 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $6.31M, up from 245,110 at the end of the previous reported quarter. Walter & Keenan Financial Consulting Company who had been investing in General Electric Co for a number of months, seems to be bullish on the $125.66B market cap company. The stock decreased 0.07% or $0.01 during the last trading session, reaching $14.49. About 52.45M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 23, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Laurel Grove Capital Llc, which manages about $236.05M and $192.21 million US Long portfolio, upped its stake in Blackrock Inc (NYSE:BLK) by 750 shares to 2,311 shares, valued at $1.03M in 2017Q3, according to the filing. It also increased its holding in Snap (NYSE:SNA) by 4,360 shares in the quarter, for a total of 15,560 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

Among 26 analysts covering Accenture Plc (NYSE:ACN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Accenture Plc had 89 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Monday, August 14. Goldman Sachs downgraded Accenture plc (NYSE:ACN) rating on Monday, April 3. Goldman Sachs has “Sell” rating and $11 target. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, September 21. The stock has “Hold” rating by SunTrust on Wednesday, May 24. Susquehanna maintained the shares of ACN in report on Tuesday, December 26 with “Hold” rating. The rating was maintained by Cowen & Co on Tuesday, September 19 with “Buy”. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Cowen & Co on Friday, July 28. The stock of Accenture plc (NYSE:ACN) earned “Hold” rating by Robert W. Baird on Thursday, December 21. The stock has “Hold” rating by Robert W. Baird on Thursday, September 28. As per Monday, March 27, the company rating was maintained by Credit Suisse.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.05, from 1.05 in 2017Q2. It is negative, as 40 investors sold ACN shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported. Webster Bank & Trust N A holds 2,072 shares or 0.04% of its portfolio. Bingham Osborn & Scarborough Llc stated it has 0.09% of its portfolio in Accenture plc (NYSE:ACN). Stratos Wealth Prtn Ltd owns 35,563 shares for 0.23% of their portfolio. The Ohio-based Fort Washington Invest Incorporated Oh has invested 0.01% in Accenture plc (NYSE:ACN). Texas Yale Capital Corp reported 5,925 shares stake. Foster & Motley holds 39,586 shares. Cibc Bancorp Usa has 0.28% invested in Accenture plc (NYSE:ACN) for 16,075 shares. Dimensional Fund Advisors Lp owns 1.59M shares for 0.09% of their portfolio. Bp Public Lc has 0.37% invested in Accenture plc (NYSE:ACN). Stearns Fincl Group Inc invested in 3,422 shares. Seabridge Invest Advisors Ltd Liability has invested 0.01% in Accenture plc (NYSE:ACN). Train Babcock Advisors Limited Liability accumulated 4.24% or 56,347 shares. Tcw Grp Incorporated has invested 0.2% of its portfolio in Accenture plc (NYSE:ACN). Connor Clark Lunn Inv Ltd owns 94,972 shares. Plante Moran Fincl Advsr Ltd Liability Corporation reported 661 shares.

Analysts await Accenture plc (NYSE:ACN) to report earnings on March, 22. They expect $1.49 earnings per share, up 12.03% or $0.16 from last year’s $1.33 per share. ACN’s profit will be $918.83 million for 27.34 P/E if the $1.49 EPS becomes a reality. After $1.79 actual earnings per share reported by Accenture plc for the previous quarter, Wall Street now forecasts -16.76% negative EPS growth.

Walter & Keenan Financial Consulting Company, which manages about $337.76 million and $216.67M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 4,199 shares to 90,119 shares, valued at $6.71M in 2017Q3, according to the filing.

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. Merriman Wealth Mngmt Ltd Com holds 1.07% or 186,900 shares. Somerset Grp Ltd Liability reported 0.25% stake. 89,703 are held by Portland Advsrs Ltd Llc. Wilbanks Smith Thomas Asset Mngmt Ltd has invested 0.49% in General Electric Company (NYSE:GE). Brighton Jones Llc holds 121,698 shares. Smith Chas P & Associate Pa Cpas stated it has 912,165 shares or 3.15% of all its holdings. Nbt Bank N A invested 1.56% in General Electric Company (NYSE:GE). Van Hulzen Asset accumulated 0.54% or 66,354 shares. Payden Rygel holds 0.28% of its portfolio in General Electric Company (NYSE:GE) for 116,602 shares. Invest Centers Of America reported 190,479 shares or 0.34% of all its holdings. Overbrook Corp has 79,509 shares for 0.43% of their portfolio. San Francisco Sentry Investment Group Inc (Ca) holds 0.3% in General Electric Company (NYSE:GE) or 37,427 shares. Alphamark Advisors Ltd Limited Liability Company holds 1,953 shares or 0.02% of its portfolio. Waters Parkerson And Company Lc invested in 907,771 shares. Ny State Common Retirement Fund owns 0.72% invested in General Electric Company (NYSE:GE) for 23.22 million shares.

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

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Monday, October 19 with “Buy”. The firm earned “Buy” rating on Friday, October 14 by UBS. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Standpoint Research on Friday, July 22. The rating was maintained by CFRA on Wednesday, January 24 with “Hold”. Barclays Capital maintained General Electric Company (NYSE:GE) on Monday, October 5 with “Overweight” rating. The company was maintained on Monday, October 19 by RBC Capital Markets. The company was maintained on Thursday, January 25 by Citigroup. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Friday, April 21. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, November 13 by Langenberg. The firm earned “Focus List” rating on Wednesday, September 16 by Credit Suisse.

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