DZ Bank Reaffirms "Sell" Rating for General Electric (GE)

Friday, 13 Apr, 2018

LLC now owns 5,058 shares of the company's stock valued at $159,000 after buying an additional 1,868 shares during the last quarter. Charter Trust Company who had been investing in General Electric Co for a number of months, seems to be less bullish one the $113.23B market cap company.

General Electric stock traded up $0.21 during mid-day trading on Thursday, hitting $13.18. The shares were sold at an average price of $29.56, for a total value of $4,719,608.72. General Electric Company had 97 analyst reports since July 21, 2015 according to SRatingsIntel. It has underperformed by 65.90% the S&P500.

Cedar Hill Associates Llc increased its stake in Discovery Comm C (DISCK) by 211.64% based on its latest 2017Q4 regulatory filing with the SEC. Ifc Holdings Incorporated sold 3,052 shares as the company's stock declined 9.21% with the market. The institutional investor held 23,625 shares of the technology company at the end of 2017Q4, valued at $4.17M, up from 20,947 at the end of the previous reported quarter. Santori & Peters Inc. purchased a new stake in shares of General Electric in the 4th quarter worth $120,000. The stock increased 1.12% or $1.93 during the last trading session, reaching $174.37. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 12, 2017 and is uptrending. It has underperformed by 3.07% the S&P500. The institutional investor held 118,158 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.06 million, down from 146,299 at the end of the previous reported quarter. It also reduced its holding in Pulte Group Inc (NYSE:PHM) by 17,472 shares in the quarter, leaving it with 10,071 shares, and cut its stake in Cardinal Health Inc (NYSE:CAH). Stifel Nicolaus decreased their price objective on General Electric from $18.00 to $17.00 and set a hold rating on the stock in a report on Tuesday, January 30th. Therefore 91% are positive. Facebook had 250 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, October 23, the company rating was downgraded by Morgan Stanley. Stockholders of record on Monday, February 26th will be given a $0.12 dividend. The company was downgraded on Wednesday, April 26 by Bank of America. On Friday, August 7 the stock rating was maintained by Deutsche Bank with "Buy".

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.04, from 0.83 in 2017Q3. It increased, as 35 investors sold JNJ shares while 884 reduced holdings. 147 funds opened positions while 670 raised stakes. East Coast Asset Mngmt Ltd Llc reported 115,470 shares or 5.32% of all its holdings. Quantbot Tech LP has invested 0.08% in DDR Corp. (NYSE:DDR). Wolverine Asset Lc owns 318,859 shares or 0.03% of their U.S. portfolio. Destination Wealth Management raised its stake in shares of General Electric by 5.6% during the second quarter. Maryland holds 53,113 shares. Geller Family Office Limited Liability Corp reported 12,185 shares.

Hayek Kallen Investment Management, which manages about $249.50 million and $152.41 million US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 26,111 shares to 33,286 shares, valued at $2.70 million in 2017Q4, according to the filing. Wells Fargo & Mn holds 0% or 583,661 shares. Royal Bancorp Of Canada invested 0.77% in Johnson & Johnson (NYSE:JNJ). Creative Planning holds 58,596 shares or 0% of its portfolio. Bkd Wealth Advsrs Limited Liability Corporation accumulated 0.19% or 111,159 shares. Prudential Fincl Inc holds 12.64M shs or 0.3% of its capital. Pinebridge Invests Lp has invested 0.01% in DDR Corp. (NYSE:DDR). Wellington Mgmt Group Ltd Liability Partnership has 173,483 shares. 14,901 shares valued at $2.66 million were sold by Wehner David M. on Thursday, February 22. The conglomerate reported $0.27 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.28 by ($0.01). The firm has a market capitalization of $258.84 billion, a P/E ratio of 32.85 and a beta of 1.20. After $0.27 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56 % negative EPS growth. Moreover, Gateway Invest Advisers Limited Liability Company has 0.72% invested in General Electric Company (NYSE:GE). Therefore 29% are positive. Loop Capital initiated the stock with "Buy" rating in Friday, September 23 report. (NYSE:GE) has 16% bullish analysts. (The) set a $30.00 target price on General Electric Company and gave the company a "neutral" rating in a research note on Monday, November 21st.

Several equities analysts have commented on GE shares. 34 are the (NYSE:GE)'s ratings reports on April 12, 2018 according to StockzIntelligence Inc. The firm has "Buy" rating given on Monday, October 10 by. The firm has "Buy" rating given on Wednesday, August 30 by Jefferies. Boston Partners now owns 14,588,765 shares of the conglomerate's stock valued at $352,756,000 after acquiring an additional 360,154 shares during the last quarter.

In related news, insider Alexander Dimitrief purchased 2,689 shares of General Electric stock in a transaction on Monday, January 29th.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. 383 rose positions while 151 funds bought positions. Mraz Amerine And reported 14,628 shares or 0.08% of all its holdings. Aspen Investment Mngmt Incorporated reported 0.63% in General Electric Company (NYSE:GE).

General Electric Company (NYSE:GE) traded down 0.44% on Wednesday, reaching $29.43.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. Wellington Shields Lc reported 1.1% stake. Concorde Asset Ltd Liability Co has 0.39% invested in General Electric Company (NYSE:GE). The company rating was maintained by Vertical Research on Tuesday, January 16. New Harbor Financial Group LLC increased its stake in General Electric Company by 46.0% in the third quarter. Waverton Inv holds 57,912 shares or 0.06% of its portfolio. National Bank & Trust Of America De has invested 0.5% in Facebook, Inc. Susquehanna Gru Llp stated it has 3.96M shares or 0.25% of all its holdings. Bancshares Of Hawaii has invested 0.38% in General Electric Company (NYSE:GE). Td Asset Management Incorporated holds 0.19% of its capital in General Electric Company (NYSE:GE) for 7.65 million shs.