Norinchukin Bank The Lowered Its Position in General Electric Co (GE) by $4.42 Million as Stock Price Declined

July 27, 2018 - By Matthew Richard

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.55 in Q1 2018. 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. 4,550 are held by Alpha Windward Llc. Sunbelt Securities holds 0.15% or 12,014 shares. Montgomery Invest reported 0.27% in General Electric Company (NYSE:GE). Wellington Shields Capital Mngmt has invested 0.48% of its portfolio in General Electric Company (NYSE:GE). Teacher Retirement Sys Of Texas invested in 2.39 million shares. Folger Nolan Fleming Douglas Capital Mngmt Inc reported 0.75% of its portfolio in General Electric Company (NYSE:GE). Colorado-based Asset Mgmt Inc has invested 0.36% in General Electric Company (NYSE:GE). Long Road Investment Counsel Ltd Liability Co owns 1.17% invested in General Electric Company (NYSE:GE) for 124,509 shares. The Ohio-based Torch Wealth Limited Liability Co has invested 0.76% in General Electric Company (NYSE:GE). Dixon Hubard Feinour Brown Va holds 45,441 shares or 0.17% of its portfolio. 24,906 are owned by Consulate. Forte Limited Liability Com Adv stated it has 0.26% of its portfolio in General Electric Company (NYSE:GE). The Alabama-based Mariner Wealth Advsrs has invested 0.04% in General Electric Company (NYSE:GE). Woodstock Corp has invested 0.9% in General Electric Company (NYSE:GE). Personal Cap Advisors Corporation reported 1.88 million shares or 0.39% of all its holdings.

Since July 24, 2018, it had 1 insider buy, and 0 selling transactions for $2.49 million activity.

Norinchukin Bank The decreased its stake in General Electric Co (GE) by 19.77% based on its latest 2018Q1 regulatory filing with the SEC. Norinchukin Bank The sold 340,122 shares as the company’s stock declined 0.14% with the market. The institutional investor held 1.38M shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $18.60 million, down from 1.72 million at the end of the previous reported quarter. Norinchukin Bank The who had been investing in General Electric Co for a number of months, seems to be less bullish one the $114.21 billion market cap company. The stock increased 0.31% or $0.04 during the last trading session, reaching $13.15. About 54.51 million shares traded. General Electric Company (NYSE:GE) has declined 46.78% since July 27, 2017 and is downtrending. It has underperformed by 59.35% the S&P500.

Norinchukin Bank The, which manages about $5.98B US Long portfolio, upped its stake in Berkshire Hathaway Inc Del (BRKB) by 22,486 shares to 118,963 shares, valued at $23.73M in 2018Q1, according to the filing. It also increased its holding in Caterpillar Inc Del (NYSE:CAT) by 46,767 shares in the quarter, for a total of 219,150 shares, and has risen its stake in Coca Cola Co (NYSE:KO).

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.27 EPS, down 6.90 % or $0.02 from last year’s $0.29 per share. GE’s profit will be $2.35 billion for 12.18 P/E if the $0.27 EPS becomes a reality. After $0.19 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 42.11 % EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE Delivers: More Signs That A Bottom Is In” on July 22, 2018, also Seekingalpha.com with their article: “Is The New GE Viable?” published on July 11, 2018, Seekingalpha.com published: “2 Crucial Questions For GE Investors” on July 08, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Thestreet.com and their article: “Did General Electric’s Earnings Truly Silence the Critics?” published on July 20, 2018 as well as Seekingalpha.com‘s news article titled: “GE – Work In Progress, Lots Of Work” with publication date: July 22, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Among 14 analysts covering General Electric (NYSE:GE), 3 have Buy rating, 3 Sell and 8 Hold. Therefore 21% are positive. General Electric has $21 highest and $1100 lowest target. $14.50’s average target is 10.27% above currents $13.15 stock price. General Electric had 22 analyst reports since January 30, 2018 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, January 30 by Stifel Nicolaus. On Tuesday, April 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Hold” rating given on Monday, May 21 by CFRA. As per Monday, February 26, the company rating was maintained by RBC Capital Markets. Oppenheimer upgraded General Electric Company (NYSE:GE) on Tuesday, June 26 to “Hold” rating. As per Monday, July 23, the company rating was downgraded by Argus Research. The firm has “Hold” rating given on Friday, April 27 by Stifel Nicolaus. As per Thursday, July 12, the company rating was maintained by Deutsche Bank. J.P. Morgan maintained it with “Sell” rating and $1100 target in Monday, April 9 report. Stifel Nicolaus maintained the shares of GE in report on Thursday, February 15 with “Hold” rating.

General Electric Company (NYSE:GE) Institutional Positions Chart

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