Economy

General Electric Company (GE) Issues Quarterly Earnings Results

General Electric Company (GE) Issues Quarterly Earnings Results”

Visionary Asset Management Inc. now owns 108,235 shares of the conglomerate's stock valued at $3,225,000 after purchasing an additional 2,873 shares in the last quarter. General Electric makes up 0.7% of Warren Averett Asset Management LLC's investment portfolio, making the stock its 18th biggest holding. The institutional investor owned 82,143 shares of the conglomerate's stock after buying an additional 20,825 shares during the period. The stock was purchased at an average price of $29.24 per share, with a total value of $1,462,000.00. It has underperformed by 7.39% the S&P500.

Monroe Bank & Trust decreased its stake in La Z Boy Inc (LZB) by 13.28% based on its latest 2017Q2 regulatory filing with the SEC. (GE)'s stock declined 7.64%. They expect $-0.46 earnings per share, down 173.02% or $1.09 from last year's $0.63 per share. The stock increased 1.05% or $1.97 on October 20, reaching $188.9. Mondelez International Inc (NASDAQ:MDLZ) has risen 5.69% since October 21, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

Ascend Capital Llc decreased Mallinckrodt Pub Ltd Co (NYSE:MNK) stake by 367,063 shares to 742,659 valued at $33.28 million in 2017Q2. BlackRock Inc. lifted its stake in shares of General Electric by 3.9% in the second quarter. Platform Specialty Prods Cor (NYSE:PAH) was raised too.

Since May 15, 2017, it had 3 buys, and 0 selling transactions for $3.37 million activity. Capital World Investors now owns 141,322,676 shares of the conglomerate's stock worth $3,817,125,000 after acquiring an additional 11,194,678 shares in the last quarter.

General Electric (NYSE:GE) traded up 1.06% during trading on Thursday, hitting $23.83.

Among 7 analysts covering Portland General Electric (NYSE:POR), 1 have Buy rating, 4 Sell and 2 Hold. Therefore 46% are positive. The legal version of this report can be read at https://stocknewstimes.com/2017/10/22/zacks-analysts-anticipate-general-electric-company-ge-will-announce-earnings-of-0-54-per-share.html. Credit Suisse maintained General Electric Company (NYSE:GE) on Wednesday, April 12 with "Buy" rating. Stifel Nicolaus reissued a "buy" rating and issued a $26.00 price target on shares of General Electric in a research report on Thursday, October 12th. The company has a market capitalization of $206.32 billion, a PE ratio of 29.03 and a beta of 1.19. On Friday, April 21 the stock rating was maintained by Cowen & Co with "Hold". The company was maintained on Monday, October 2 by Morgan Stanley. The rating was maintained by Morgan Stanley with "Equal-Weight" on Thursday, October 6. Jefferies maintained the stock with "Buy" rating in Monday, August 28 report.

Investors sentiment decreased to 1.12 in 2017 Q2. It turned negative, as 85 investors sold GE shares while 816 reduced holdings. 93 funds opened positions while 346 raised stakes. Fcg Advisors Llc acquired 4,910 shares as Microsoft Corp Com (MSFT)'s stock rose 4.75%. Banced Corporation reported 1.9% of its portfolio in General Electric Company (NYSE:GE).

In related news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the company's stock in a transaction that occurred on Wednesday, November 9th. Sva Plumb Wealth Limited Liability stated it has 1.23% of its portfolio in General Electric Company (NYSE:GE). Ashfield Cap Ltd Liability accumulated 341,737 shares. Feltz Wealth PLAN Inc. acquired a new position in General Electric in the first quarter worth about $114,000. Following the acquisition, the insider now owns 65,597 shares in the company, valued at approximately $1,675,347.38. Mayo Invest Advisers Ltd holds 2.12% in General Electric Company (NYSE:GE) or 193,686 shares. It also increased its holding in North Amern Energy Partners (NYSE:NOA) by 207,958 shares in the quarter, for a total of 591,062 shares, and has risen its stake in Revolution Lighting Technolo. The New York-based D E Shaw & has invested 0% in Portland General Electric Company (NYSE:POR). Factory Mutual Insur holds 0.99% or 3.16M shares in its portfolio. 208.75 million shares or 1.40% less from 211.71 million shares in 2017Q1 were reported. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: "General Electric: Can You Handle Another Dividend Cut?" published on October 20, 2017 as well as Seekingalpha.com's news article titled: "General Electric: How To Play The Dividend Cut Fear" with publication date: October 18, 2017. Therefore 38% are positive. Sterling Construction had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has "Outperform" rating by RBC Capital Markets on Friday, July 31. The company was maintained on Friday, January 27 by RBC Capital Markets. The firm earned "Hold" rating on Tuesday, August 25 by Deutsche Bank. The stock of General Electric Company (NYSE:GE) has "Buy" rating given on Wednesday, October 11 by RBC Capital Markets. Goldman Sachs has "Neutral" rating and $36 target. (NASDAQ:QCOM) on Friday, September 8 with "Hold" rating. The rating was downgraded by Oppenheimer to "Perform" on Monday, September 21.

Among 5 analysts covering Sterling Construction (NASDAQ:STRL), 3 have Buy rating, 0 Sell and 2 Hold.

Investors sentiment increased to 0.99 in Q2 2017. Its up 0.10, from 1.28 in 2017Q1. 132 funds opened positions while 703 raised stakes. Roundview, New Jersey-based fund reported 7,361 shares. Invesco Ltd invested 0% in Sterling Construction Company, Inc. Oakworth Cap holds 0.06% in Mondelez International Inc (NASDAQ:MDLZ) or 4,681 shares. Sumitomo Life Insurance accumulated 245,444 shares. Cornercap Counsel accumulated 0.11% or 20,700 shares. Tocqueville Asset Mngmt Lp holds 0.47% or 705,293 shares. Global holds 0.7% or 12.12M shares in its portfolio. Omers Administration Corporation reported 0.01% of its portfolio in La-Z-Boy Incorporated (NYSE:LZB).



Like this

loading...
loading...

Latest


23 October 2017
Dan Bailey ruled out with groin injury
Heath kicked in high school, according to ESPN , including a 49-yard game-winner for Lake Orion (Michigan) High School. Bailey was flawless on two previous extra-point tries as the Cowboys built a 20-3 lead.

23 October 2017
Northwestern sneaks past Iowa in OT
Iowa star linebacker Josey Jewell did not play because of a shoulder injury suffered two weeks ago before the team's bye week. Northwestern senior RB Justin Jackson rushed for 93 yards on 25 carries in Saturday's 17-10 overtime win over Iowa .

23 October 2017
Bills improve to 4-2 with Hauschka's game victor
He finished 32 of 44 for 384 yards and three touchdowns with an interception and lost fumble. Some days you don't feel it as much as others.

23 October 2017
Pakistani Security Forces Say Eight 'Terrorists' Killed In Karachi Raid
It said another slain terrorist has been identified as Arsalan who headed the ASP's target killing squad. The group first made headlines in Karachi in April in the targeted killing of a retired army colonel.

23 October 2017
Vegetable Listeria Recall Affects Brands from Walmart, Aldi, HEB
H-E-B has issued a voluntary recall of single-serving soups that they say may be contaminated with listeria . The move is part of a larger recall of affected vegetable products issued by Mann on October 19.

23 October 2017
Man shoves woman onto train tracks in Hong Kong
A police spokeswoman said officers had arrested the man near the rail stop on suspicion of assault occasioning actual bodily harm. Thankfully, no trains were approaching and the woman was able to escape with her life with only an injured jaw.

23 October 2017
Billie Lourd pays tribute to Carrie Fisher on late actor's 61st birthday
Filming had already begun before her death, and LucasFilm have promised her scenes will not be digitally altered. Alongside it, she posted a photo of a similar tattoo Fisher had on her own ankle, as Digital Spy reports.

23 October 2017
Cardi B Breakup With Offset Days After Ex Release From Prison
I could get, we could all get drug-tested, nobody smokes. "Mind you, everyone on the floor was Caucasian", she said in the Instagram video .

23 October 2017
Witness to United Kingdom bowling alley 'hostage' situation
He said he was able to leave the restaurant after he gave officers his auto keys and they brought the vehicle around. The police also confirmed that the incident was not connected to any terrorist activity.

23 October 2017
HTC U11 Plus, U11 Life details emerge ahead of November 2 launch
The image also shows a top bezel and as the fingerprint scanner has been moved it bottom chin will be smaller. First up is the U11 Plus, which has appeared on a Chinese telecommunications certification site.