As General Elec Co Com (GE) Share Price Declined, First United Bank Trust Trimmed Holding by $1.21 Million; Raytheon Company (RTN) Stock Rose While Oakbrook Investments Has Trimmed Its Position by $553,350

January 14, 2018 - By Richard Conner

First United Bank Trust decreased its stake in General Elec Co Com (GE) by 85.11% based on its latest 2017Q3 regulatory filing with the SEC. First United Bank Trust sold 50,524 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 8,836 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $214,000, down from 59,360 at the end of the previous reported quarter. First United Bank Trust who had been investing in General Elec Co Com for a number of months, seems to be less bullish one the $162.69B market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08 million shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Oakbrook Investments Llc decreased its stake in Raytheon Company (RTN) by 13.24% based on its latest 2017Q3 regulatory filing with the SEC. Oakbrook Investments Llc sold 2,975 shares as the company’s stock rose 4.85% with the market. The institutional investor held 19,500 shares of the industrial machinery and components company at the end of 2017Q3, valued at $3.64 million, down from 22,475 at the end of the previous reported quarter. Oakbrook Investments Llc who had been investing in Raytheon Company for a number of months, seems to be less bullish one the $57.08 billion market cap company. The stock increased 2.13% or $4.11 during the last trading session, reaching $197.46. About 1.49 million shares traded or 10.91% up from the average. Raytheon Company (NYSE:RTN) has risen 24.03% since January 14, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Oakbrook Investments Llc, which manages about $3.64B and $1.55B US Long portfolio, upped its stake in Svb Financial Group (NASDAQ:SIVB) by 1,875 shares to 4,100 shares, valued at $767,000 in 2017Q3, according to the filing. It also increased its holding in Amazon.Com Inc. (NASDAQ:AMZN) by 1,475 shares in the quarter, for a total of 19,579 shares, and has risen its stake in Dollar Tree Inc. (NASDAQ:DLTR).

Analysts await Raytheon Company (NYSE:RTN) to report earnings on January, 25. They expect $2.03 EPS, up 7.98% or $0.15 from last year’s $1.88 per share. RTN’s profit will be $586.85 million for 24.32 P/E if the $2.03 EPS becomes a reality. After $1.97 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 3.05% EPS growth.

Since August 14, 2017, it had 0 insider buys, and 4 sales for $1.08 million activity. 650 shares were sold by Long Letitia A, worth $120,790. Clark Vernon E also sold $149,378 worth of Raytheon Company (NYSE:RTN) shares. On Monday, October 2 the insider Jimenez Frank R sold $121,723.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Wednesday, September 2. Bank of America maintained the shares of RTN in report on Friday, October 27 with “Buy” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, October 23 report. On Thursday, August 10 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Raytheon Company (NYSE:RTN) earned “Buy” rating by UBS on Tuesday, September 29. On Monday, May 2 the stock rating was maintained by Barclays Capital with “Equal Weight”. RBC Capital Markets maintained it with “Buy” rating and $209.0 target in Sunday, October 8 report. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) on Wednesday, November 15 with “Buy” rating. Stifel Nicolaus maintained the shares of RTN in report on Thursday, July 27 with “Buy” rating. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with “Buy”.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.09, from 1.12 in 2017Q2. It improved, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Moreover, Fdx Advsrs has 0.08% invested in Raytheon Company (NYSE:RTN) for 15,009 shares. Moreover, Jacobs Levy Equity Mgmt has 0.04% invested in Raytheon Company (NYSE:RTN) for 11,070 shares. Mitsubishi Ufj Bk invested 0.22% of its portfolio in Raytheon Company (NYSE:RTN). Wade G W & has 4,584 shares. Art Advisors Ltd Liability holds 0.27% or 28,200 shares. Sentry Invests holds 2,000 shares or 0% of its portfolio. Alliancebernstein LP reported 2.92 million shares. Aqr Capital Limited Liability Corporation has invested 0.6% in Raytheon Company (NYSE:RTN). Td Asset Mgmt owns 285,973 shares for 0.08% of their portfolio. Riggs Asset Managment Company reported 0.02% stake. Verity Verity Llc has 34,296 shares for 1.87% of their portfolio. Epoch Inv reported 870,003 shares stake. Amalgamated Bancorporation invested 0.2% in Raytheon Company (NYSE:RTN). 94,947 are owned by Cullen Frost Bankers. Ingalls & Snyder Ltd Liability Co invested in 0.03% or 3,143 shares.

Since August 8, 2017, it had 2 insider purchases, and 1 sale for $4.48 million activity. 103,983 General Electric Company (NYSE:GE) shares with value of $2.66M were bought by Flannery John Leonard. 24,693 shares valued at $633,375 were sold by Comstock Elizabeth J on Wednesday, August 9.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 16.17 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by Deutsche Bank on Monday, September 11. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Langenberg on Monday, November 13. Morgan Stanley maintained the shares of GE in report on Thursday, October 6 with “Equal-Weight” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $26 target in Tuesday, July 25 report. The company was maintained on Monday, October 5 by Barclays Capital. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 23 report. TheStreet upgraded the stock to “Buy” rating in Tuesday, July 21 report. The stock has “Outperform” rating by RBC Capital Markets on Monday, January 25. Bernstein maintained the shares of GE in report on Tuesday, July 26 with “Market Perform” rating. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, July 17 with “Hold” rating.

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