Published: Mon, January 15, 2018
Business | By Kate Woods

General Electric's (GE) "Sell" Rating Reiterated at JPMorgan Chase & Co


The institutional investor held 355,765 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $8.60 million, down from 393,760 at the end of the previous reported quarter. General Elec Co now has $162.69B valuation. The stock was bought at an average price of $18.27 per share, with a total value of $1,096,200.00. These shares are worth $53,700,000 and were traded at $17.9 each.

More notable recent General Electric Company (NYSE:GE) news were published by: Fool.com which released: "What to Expect From General Electric Company in 2018" on January 09, 2018, also Seekingalpha.com with their article: "GE gains 10% YTD but Oppenheimer analyst remains skeptical" published on January 11, 2018, Seekingalpha.com published: "Why General Electric Is Still A Work In Progress" on January 14, 2018. It has underperformed by 21.16% the S&P500.

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Sasco Capital Inc decreased its stake in Emerson Electric (EMR) by 46.51% based on its latest 2017Q3 regulatory filing with the SEC. Brookmont Capital Management sold 195,210 shares as the company's stock declined 7.64% while stock markets rallied. The firm owned 606,877,736 shares of the company's stock after buying an additional 6,639,092 shares during the period. The stock increased 5.31% or $0.82 during the last trading session, reaching $16.25. Lee Danner Bass Inc accumulated 363,153 shares or 0.95% of the stock.

VANGUARD GROUP INC raised its stake in General Electric Company (NYSE:GE) by 1.11% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has outperformed by 27.10% the S&P500. Nelson Van Denburg Campbell Wealth Management has invested 0.1% of its portfolio in General Electric Company (NYSE:GE). The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.49 by ($0.20).

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Anchorage Capital Group Llc, which manages about $16.82 billion and $9.14B US Long portfolio, decreased its stake in Daseke Inc by 1.19M shares to 750,867 shares, valued at $9.80M in 2017Q3, according to the filing. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The Director added these shares by way of transaction on November 20, 2017. Commonwealth Equity Serv Inc owns 380,974 shares. Schlumberger Ltd (NYSE:SLB) was raised too. 103,983 shares valued at $2.66 million were bought by Flannery John Leonard on Tuesday, August 8.

General Electric earned a daily sentiment score of 0.16 on Accern's scale. Its down 0.44, from 1.26 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. Also, the number of funds holding Portland General Electric Co in their top 10 positions was flat from 0 to 0 for the same number. Willingdon Wealth Mngmt, a North Carolina-based fund reported 30,567 shares. Connor Clark & Lunn Invest Mgmt has invested 0.03% in Unisys Corporation (NYSE:UIS). Sii Invests Wi invested in 252,275 shares. Nationwide Fund Advsr has 918,480 shares for 0.14% of their portfolio. Captrust Advisors owns 0% invested in General Electric Company (NYSE:GE) for 855 shares. It also reduced its holding in Jp Morgan Chase & Co (NYSE:JPM) by 4,956 shares in the quarter, leaving it with 23,706 shares, and cut its stake in Ishares S&P 500 Index (IVV). Alton Gregg H had sold 25,000 shares worth $2.08 million. First Foundation Advsrs invested in 0.18% or 133,456 shares. Numeric Limited Liability Com has invested 1.72% in Gilead Sciences, Inc. Ipswich holds 1.46% or 134,076 shares. Bridgecreek Investment Mgmt Limited Company holds 0.11% or 16,860 shares in its portfolio. Trust Of Vermont holds 460,150 shares. Benin Mgmt reported 173,941 shares. Therefore 38% are positive. Royal Bank of Canada set a $25.00 target price on shares of General Electric and gave the company a "buy" rating in a research report on Monday, October 23rd. FBR Capital has "Mkt Perform" rating and $225 target. Morgan Stanley downgraded the shares of GE in report on Monday, October 23 to "Underweight" rating. The company was upgraded on Tuesday, October 13 by William Blair. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Sunday, December 10. Robert W. Baird initiated the stock with "Neutral" rating in Thursday, July 23 report.

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Investors sentiment increased to 1.37 in 2017 Q3. Its up 1.48, from 1.16 in 2017Q2. Spc Fin invested in 45,704 shares. 92 funds opened positions while 328 raised stakes. Clean Yield Gru stated it has 40,518 shares or 0.4% of all its holdings. Cordasco Ntwk has 1,000 shares. The third largest holder is State Street Corp, which now holds $6.35 billion worth of this stock and that ownership represents almost 3.9% of its market capitalization. Towle reported 2.98M shares. 8,120 were reported by Essex Svcs. Vaughan David Investments Inc Il owns 284,354 shares or 1.27% of their USA portfolio. New York-based Qs Invsts Limited Liability has invested 0.17% in Gilead Sciences, Inc. 962,825 were accumulated by Keybank National Association Oh. The Texas-based Next Financial Grp Inc has invested 0.02% in Micron Technology, Inc. Moreover, Hartline Inv Corporation has 0.64% invested in 3M Company (NYSE:MMM). Eagle Global Advisors holds 62,485 shares or 0.15% of its portfolio. Corbenic Partners LLC increased its stake in shares of General Electric by 15.7% in the 2nd quarter. Cibc Bancshares Usa owns 11,429 shares. Therefore 20% are positive. On average, equities research analysts expect that General Electric Company will post $1.49 EPS for the current fiscal year. The firm has "Buy" rating by Mizuho given on Thursday, September 28. Bank of America downgraded it to "Neutral" rating and $31 target in Wednesday, April 26 report. On Wednesday, November 2 the stock rating was upgraded by BMO Capital Markets to "Outperform". The rating was maintained by RBC Capital Markets on Monday, October 23 with "Buy". General Electric comprises approximately 2.6% of Howland Capital Management LLC's investment portfolio, making the stock its 4th biggest position. The firm has "Hold" rating by Cowen & Co given on Thursday, October 19. The rating was downgraded by Bank of America to "Neutral" on Wednesday, April 26.

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