What's Ahead for General Electric Company (GE) After Forming Wedge Down?

GE CEO John Flannery

Advisor Partners Llc sold 58,188 shares as the company's stock declined 23.20% with the market. Torch Wealth Management Llc who had been investing in General Electric Company for a number of months, seems to be bullish on the $113.54B market cap company. Gabelli Funds LLC now owns 2,225,000 shares of the conglomerate's stock valued at $53,801,000 after buying an additional 206,644 shares in the last quarter. About 63.63M shares traded. Moreover, Alliancebernstein Lp has 0.18% invested in General Electric Company (NYSE:GE) for 14.80M shares. GE underperformed the S&P500 by 65.90%.

Based on the latest 2017Q4 regulatory filing with the SEC, Spears Abacus Advisors Llc reduced its holdings in General Electric Co (GE) by 29.77%. This represents a $0.48 dividend on an annualized basis and a yield of 3.56%. The institutional investor held 51,842 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $905,000, down from 125,750 at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Ingersoll for a number of months, seems to be bullish on the $20.98 billion market cap company. The stock increased 0.99% or $1.7 during the last trading session, reaching $174.14. About 2.89M shares traded. It is down 0.00% since April 13, 2017 and is. It has underperformed by 55.23% the S&P500.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. Institutional investors own 56.30% of the company's stock. 83 funds opened positions while 176 raised stakes. It also increased its holding in American Homes 4 Rent (NYSE:AMH) by 2.66 million shares in the quarter, for a total of 4.73M shares, and has risen its stake in Public Storage (NYSE:PSA). Shapiro Capital Management LLC increased its stake in General Electric by 0.8% in the second quarter.

Time Warner Inc (TWX) investors sentiment increased to 0.91 in Q4 2017. (NASDAQ:AAPL) to report earnings on May, 1. Elm Advsr Ltd Liability Company stated it has 18,567 shs or 0.24% of all its holdings. Argent Mngmt Limited invested in 515,329 shares or 0.29% of the stock. Tower Bridge reported 3,275 shares. Jefferies Group Inc Ltd Llc holds 0% or 34,345 shares. Willingdon Wealth Mngmt reported 20,607 shares. (NYSE:T). Loeb Corp stated it has 96,758 shares.


Shares of NYSE:GE opened at $13.49 on Friday. Regions reported 0.02% of its portfolio in Ingersoll-Rand Plc (NYSE:IR). Beck Mack Oliver holds 0.1% or 181,440 shares. On Tuesday, January 23 the rating was initiated by UBS with "Hold". Therefore 64% are positive. Apple Inc. had 392 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Corporate" rating on Thursday, April 27 by N+1 Singer. The company presently has a consensus rating of "Hold" and an average target price of $17.86. On Monday, February 26 the stock rating was maintained by RBC Capital Markets with "Hold". On Thursday, January 4 the company was maintained by Tigress Financial. The firm earned "Hold" rating on Wednesday, August 30 by Stifel Nicolaus. 290.86 million shares or 2.07% more from 284.96 million shares in 2017Q3 were reported. Royal Bank of Canada reissued a "hold" rating and set a $15.00 price target on shares of General Electric in a research report on Thursday, April 5th. Therefore 29% are positive. DZ Bank downgraded General Electric Company (NYSE:GE) on Wednesday, March 28 to "Sell" rating. Vetr lowered General Electric from a "strong-buy" rating to a "buy" rating and set a $21.08 target price on the stock.in a research note on Wednesday, January 10th. The firm earned "Buy" rating on Monday, November 13 by Langenberg. General Electric Company (NYSE:GE) has declined 54.35% since April 13, 2017 and is downtrending. As per Monday, June 12, the company rating was maintained by Cowen & Co. The company was maintained on Monday, July 17 by Oppenheimer. Deutsche Bank downgraded the shares of GE in report on Friday, May 12 to "Sell" rating. Its down 0.19, from 0.69 in 2017Q3.

Efficient Advisors LLC acquired a new position in shares of General Electric Company (NYSE:GE) during the third quarter, Holdings Channel reports. 383 increased stakes while 151 funds bought stakes. Beacon Cap Mngmt Inc holds 286 shs. Tiverton Asset Mgmt Lc owns 120,273 shs. Baxter Bros Inc accumulated 287,485 shares. Monroe National Bank & Trust And Tru Mi holds 0.15% in General Electric Company (NYSE:GE) or 13,244 shares. Copeland Capital Limited Liability Company invested 0.44% of its portfolio in Apple Inc. The stock was purchased at an average price of $16.16 per share, with a total value of $43,454.24. First Manhattan invested in 1.42M shares. Long Road Investment Counsel Ltd Liability Corporation holds 0.96% or 35,745 shares. Ironwood Financial Ltd Liability Corp invested 0.03% in General Electric Company (NYSE:GE). Capital Fund Mgmt Sa reported 684,792 shares.

General Electric (NYSE:GE) last announced its earnings results on Wednesday, January 24th. Ronna Sue Cohen holds 128,035 shares or 1.59% of its portfolio. New England Professional Planning has 2,623 shares for 0.55% of their portfolio. (NYSE:JPM) by 9,814 shares to 89,795 shares, valued at $10.15 million in 2017Q4, according to the filing. General Electric Company had 97 analyst reports since July 21, 2015 according to SRatingsIntel. During the same period a year ago, the business earned $0.46 earnings per share. GE's profit could be $1.04 billion if the current EPS of $0.12 is accurate. The firm's revenue was down 5.1% compared to the same quarter last year. sell-side analysts forecast that General Electric will post 0.96 EPS for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Related News:

  • #JusticeforAsifa: Celebrities unite in outrage over Kathua rape case

    The CM's remarks came at a time when the government is facing flak from all quarters over the probe into the case. However, the journalist later pulled down the tweet.
    IPL series: Airtel agrees to modify disclaimer in 'season pass' ad

    IPL series: Airtel agrees to modify disclaimer in 'season pass' ad

    The package also provides unlimited local, STD, incoming roaming and outgoing roaming calls and 100 local/national SMS per day. Airtel has announced new offers that will make it easier for subscribers to upgrade to a 4G phone.
    Apple Warns Employees Over Internal Leaks, Says 12 'Leakers' Arrested Last Year

    Apple Warns Employees Over Internal Leaks, Says 12 'Leakers' Arrested Last Year

    Leaks can also impact sales of current devices, as consumers hold off on buying as they know something better is soon to arrive. They said Apple could make an announcement about iTunes music downloads being stopped in early 2019 or by March 31 next year.
  • Man pleads to reduced charge for killing police officer

    Man pleads to reduced charge for killing police officer

    That same day, after obtaining a search warrant, police served it at McCoy's Oakland residence and seized numerous firearms. Police said the arrested criminal has around 17 cases pending against him at various police stations in Ganjam district.
    US, France, Britain launch strikes on Syria

    US, France, Britain launch strikes on Syria

    Britain's defence ministry said that four British Tornado jets had fired Storm Shadow missiles at a base 25km west of Homs city. In total, the U.S. and its allies fired more than 100 missiles, but the Pentagon could not confirm how many hit their targets.
    CWG: Wrestler Vinesh Phogat adds to India's gold rush

    CWG: Wrestler Vinesh Phogat adds to India's gold rush

    But she gathered herself after the setback to defeat New Zealand's Tayla Ford 6-5 in a close bout to avoid going without a medal. Vinesh was simply too hot to handle since the beginning, having wrapped 10 points to her kitty by the end of the first period.
  • The Sandlot gang reunites for the film's 25th anniversary

    The Sandlot gang reunites for the film's 25th anniversary

    The only player missing from the reunion lineup was Mike Vitar who portrayed Benjamin "Benny" Franklin Rodriguez. But despite inspiring a generation of good sports, they didn't necessarily inspire their own kids.

    British Jets Take off from Cyprus Base Before Hitting Targets in Syria

    And it was not about regime change. "I have done so because I judge this action to be in Britain's national interest", she added. In her comments, May also alluded to a nerve agent attack in Britain last month on a former Russian spy and his daughter.
    Wilder won't accept £8.8m offer to fight me next, says Joshua

    Wilder won't accept £8.8m offer to fight me next, says Joshua

    Joshua considers American Jarrell Miller or Alexander Povetkin of Russian Federation his likeliest next challenger. Hearn said: 'Whether that fight happens next or the fight after depends exclusively on the Americans.
  • Trump lawyer Michael Cohen under criminal investigation

    Trump lawyer Michael Cohen under criminal investigation

    Cohen said he paid Daniels $130,000 in exchange for her silence about her claim to have had a one-night-stand with Trump. Hendon asked for a delay in court proceedings until at least Monday, saying she needed to research the law.
    Russia: Syria chemical attack staged by foreign agents

    Russia: Syria chemical attack staged by foreign agents

    Damascus is seen as the USA launches an attack on Syria targeting different parts of the capital early Saturday, April 14, 2018. A second official said the Syrian military had gone into an increased defensive posture.
    Why hating Facebook won't stop us from using it

    Why hating Facebook won't stop us from using it

    Facebook has also provided a link to a help page for people to check if their information was shared with Cambridge Analytica . When you share your number with someone on Tinder and later see them as a Facebook friend suggestion, well you get the idea.


Most liked

Turkey welcomes US-led strikes targeting Assad regime in Syria
Earlier Friday, the USA announced it had "very high confidence" that the Assad regime was responsible for a suspected chemical attack last weekend.

Bryson DeChambeau shoots career-best 64 to take Harbour Town lead
I can start attacking pins and just play free golf. "The win helps a lot", he said. "You have to be on your game", Poulter said. World No. 1 Dustin Johnson shot a second straight 69 and was tied for 26th, six shots off the lead.

Js Capital Management LLC Increased Amazon Com INC (AMZN) Stake
Amazon.Com Inc now has $701.23 billion valuation. (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.31.

Manika clinches gold in women's singles TT
Later, Johnson finished second in Heat 2 of the men's 1,500m with a time of 3 minutes and 47.04 seconds. Manika, thus ensured India the 24th Gold in the marquee tournament which concludes on Sunday.

De Bruyne and Salah lead Player of the Year nominees
The winners for both awards, voted for by PFA members, will be announced at a ceremony at London's Grosvenor House on 22 April. Man United's Marcus Rashford aswell as Harry Kane but perhaps the more interesting call is Fulham's Ryan Sessegnon.

US VP Pence to meet four leaders one-on-one during Americas summit
In the meantime, US Acting State Secretary John Sullivan met with top officials from several Latin America nations. He drafted a list of Venezuelan officials accused of human rights abuses that became the basis for US sanctions.

Crime victims' rights recognized at Wisconsin State Capitol
Katie Wilson, victim services manager at the District Attorney's Office, thanked her fellow victim advocates for their service. "We like to hold the luncheon in their loved ones' honor and connect with our victims' families", Williams said.

Tareen claims lifetime disqualification not for him
At an earlier hearing on February 8, the chief justice had also acknowledged the ambiguity of Article 62 (1)(f) of the Constitution.

Criminal investigation into Trump lawyer's business dealings began months ago
A lawyer can be called to testify against their client if their work was used in an effort to commit a crime or an act of fraud. She argued that material obtained from Cohen had to be handled carefully because some could relate to a sitting president.

West on dubious legal ground in weighing Syria strikes
Russian Foreign Minister Sergey Lavrov said Friday that Moscow has "irrefutable information that it was another fabrication". He said the USA did not want an "indefinite presence" in Syria and would only stay until Islamic State was destroyed.

Forman, Oscar-winning director of 'Cuckoo's Nest' and 'Amadeus', dies at 86
Czech director Milos Forman smiles as he addresses a news conference at the 50th Berlin Film Festival, Germany February 18, 2000. After his graduation, he directed short documentaries - Audition, Black Peter and The Loves of a Blonde.

Syrian air strikes an 'act of aggression', Vladimir Putin says
Russia's ambassador to the United Nations, Vassily Nebenzia, told reporters "The situation (in Syria ) is very risky ". Britain's ambassador to the United Nations says Russia's claims are 'grotesque, freaky and a blatant lie'.

FSU's Francois facing drug charge
According to the Tallahassee Democrat's Jim Henry , Francois is facing a charge of possession of fewer than 20 grams of marijuana. He started 13 games for the Seminoles in 2016 and threw for the fifth-most yards in school history (3,350).

Uganda confirms two athletes missing at Commonwealth Games in Australia
Two Indian athletes were kicked out of the Commonwealth Games on Friday after syringes were found in their accommodation, a breach of tournament rules.

Substitute teacher ran 'fight club' during math class, police say
Why did you think this was ok to let these kids to fight in class? During his trial, Fish pleaded not guilty on all counts. In many of these taped matches, one teen would be considerably smaller than the other, according to The Courant . "But no.