General Electric Co Com (GE) Holder Whittier Trust Co Of Nevada INC Decreased Stake by $4.29 Million as Stock Value Declined

September 16, 2018 - By Lisa Delgado

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.59 in Q2 2018. Its up 0.04, from 0.55 in 2018Q1. It increased, as 95 investors sold GE shares while 758 reduced holdings. 122 funds opened positions while 381 raised stakes. 4.51 billion shares or 0.71% less from 4.54 billion shares in 2018Q1 were reported. Td Management Llc holds 8,132 shares. The Tennessee-based Woodmont Investment Counsel Limited Co has invested 0.05% in General Electric Company (NYSE:GE). Argyle Cap Inc invested in 158,861 shares or 0.86% of the stock. Bluestein R H And invested in 0.01% or 20,645 shares. Raymond James And Assocs reported 0.11% stake. Gm Advisory Group Incorporated reported 0.11% in General Electric Company (NYSE:GE). Oarsman Capital Inc reported 199,307 shares or 1.23% of all its holdings. Moreover, Shine Investment Advisory Svcs has 0.11% invested in General Electric Company (NYSE:GE). Destination Wealth Mgmt holds 0% of its portfolio in General Electric Company (NYSE:GE) for 700 shares. Meiji Yasuda Asset Management owns 193,383 shares for 0.23% of their portfolio. Parkside Bancorporation And Trust holds 58,023 shares or 0.29% of its portfolio. Camelot Portfolios Limited Liability Com holds 0.91% or 157,430 shares. Dynamic Advisor Solutions Ltd Limited Liability Company reported 0.11% in General Electric Company (NYSE:GE). Savant Limited Liability Corp has 0.15% invested in General Electric Company (NYSE:GE) for 50,018 shares. Burke Herbert National Bank & Trust Tru reported 1.26% of its portfolio in General Electric Company (NYSE:GE).

Since July 24, 2018, it had 1 insider purchase, and 0 insider sales for $2.49 million activity.

Whittier Trust Co Of Nevada Inc decreased its stake in General Electric Co Com (GE) by 26.87% based on its latest 2018Q2 regulatory filing with the SEC. Whittier Trust Co Of Nevada Inc sold 165,187 shares as the company’s stock declined 9.22% while stock markets rallied. The institutional investor held 449,510 shares of the consumer electronics and appliances company at the end of 2018Q2, valued at $11.81M, down from 614,697 at the end of the previous reported quarter. Whittier Trust Co Of Nevada Inc who had been investing in General Electric Co Com for a number of months, seems to be less bullish one the $110.20B market cap company. The stock increased 0.71% or $0.09 during the last trading session, reaching $12.68. About 69.97 million shares traded or 18.69% up from the average. General Electric Company (NYSE:GE) has declined 47.26% since September 16, 2017 and is downtrending. It has underperformed by 62.88% the S&P500.

Whittier Trust Co Of Nevada Inc, which manages about $891.05 million US Long portfolio, upped its stake in Caterpillar Inc Del Com (NYSE:CAT) by 44,124 shares to 78,002 shares, valued at $8.48 million in 2018Q2, according to the filing. It also increased its holding in Qualcomm Inc Com (NASDAQ:QCOM) by 51,448 shares in the quarter, for a total of 73,625 shares, and has risen its stake in Spdr Ser Tr Sht Trm Hgh Yld (SJNK).

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.22 earnings per share, down 24.14 % or $0.07 from last year’s $0.29 per share. GE’s profit will be $1.91B for 14.41 P/E if the $0.22 EPS becomes a reality. After $0.19 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 15.79 % EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Marketwatch.com which released: “GE’s stock fall paces industrial peers after JP Morgan affirms most-bearish stance” on September 14, 2018, also Fool.com with their article: “Is Baker Hughes, a GE Company a Buy?” published on September 12, 2018, Fool.com published: “General Electric Has an Energy Problem” on September 13, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “2 Surprising Companies Set to Win From the Internet of Things” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric Looks Tremendously Undervalued” with publication date: September 10, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Among 13 analysts covering General Electric (NYSE:GE), 2 have Buy rating, 2 Sell and 9 Hold. Therefore 15% are positive. General Electric has $21 highest and $1100 lowest target. $14.75’s average target is 16.32% above currents $12.68 stock price. General Electric had 17 analyst reports since March 28, 2018 according to SRatingsIntel. Bank of America maintained the stock with “Neutral” rating in Friday, July 27 report. On Tuesday, June 26 the stock rating was maintained by CFRA with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $1500 target in Monday, April 23 report. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by J.P. Morgan on Monday, April 9. Stifel Nicolaus maintained the shares of GE in report on Tuesday, April 3 with “Hold” rating. The firm earned “Buy” rating on Friday, June 29 by Citigroup. The company was downgraded on Wednesday, March 28 by DZ Bank. UBS maintained General Electric Company (NYSE:GE) rating on Wednesday, September 5. UBS has “Neutral” rating and $13 target. The company was maintained on Friday, April 27 by Stifel Nicolaus. The firm earned “Hold” rating on Wednesday, April 11 by Cowen & Co.

General Electric Company (NYSE:GE) Institutional Positions Chart

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