Partnervest Advisory Services Holding in General Electric Co (GE) Has Decreased by $392,808; Pittenger & Anderson Lowered Holding in Hormel Foods (HRL) as Stock Price Declined

January 14, 2018 - By Richard Conner

Pittenger & Anderson Inc decreased its stake in Hormel Foods Corp (HRL) by 34.78% based on its latest 2017Q3 regulatory filing with the SEC. Pittenger & Anderson Inc sold 34,590 shares as the company’s stock declined 6.52% while stock markets rallied. The institutional investor held 64,850 shares of the meat and poultry and fish company at the end of 2017Q3, valued at $2.08 million, down from 99,440 at the end of the previous reported quarter. Pittenger & Anderson Inc who had been investing in Hormel Foods Corp for a number of months, seems to be less bullish one the $18.30 billion market cap company. The stock increased 0.61% or $0.21 during the last trading session, reaching $34.55. About 3.19M shares traded or 20.89% up from the average. Hormel Foods Corporation (NYSE:HRL) has declined 1.53% since January 14, 2017 and is downtrending. It has underperformed by 18.23% the S&P500.

Partnervest Advisory Services Llc decreased its stake in General Electric Co (GE) by 42.49% based on its latest 2017Q3 regulatory filing with the SEC. Partnervest Advisory Services Llc sold 16,367 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 22,153 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $536,000, down from 38,520 at the end of the previous reported quarter. Partnervest Advisory Services Llc who had been investing in General Electric Co 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.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.39, from 1.31 in 2017Q2. It worsened, as 40 investors sold HRL shares while 161 reduced holdings. 47 funds opened positions while 138 raised stakes. 191.01 million shares or 2.16% less from 195.22 million shares in 2017Q2 were reported. Intact Invest Mngmt has invested 0.01% in Hormel Foods Corporation (NYSE:HRL). Hightower Ltd Limited Liability Company has invested 0.02% in Hormel Foods Corporation (NYSE:HRL). Manufacturers Life Insurance The accumulated 319,135 shares. Comerica Secs Inc owns 21,956 shares. Whittier Trust stated it has 400 shares. Pub Employees Retirement Association Of Colorado reported 0.01% stake. 19,858 are held by Rodgers Brothers. Riverhead Cap Mngmt Ltd Limited Liability Company reported 97,598 shares. Ubs Asset Mgmt Americas Inc owns 0.03% invested in Hormel Foods Corporation (NYSE:HRL) for 1.01M shares. Moreover, Middleton And Inc Ma has 0.49% invested in Hormel Foods Corporation (NYSE:HRL). The Utah-based Utah Retirement Sys has invested 0.04% in Hormel Foods Corporation (NYSE:HRL). Kbc Grp Inc Nv reported 0.01% stake. Parkside Bancorp And Tru owns 52 shares for 0% of their portfolio. Rhumbline Advisers holds 641,498 shares or 0.04% of its portfolio. 60 are owned by Bessemer Group Inc Inc.

Analysts await Hormel Foods Corporation (NYSE:HRL) to report earnings on February, 22. They expect $0.42 earnings per share, down 4.55% or $0.02 from last year’s $0.44 per share. HRL’s profit will be $222.46M for 20.57 P/E if the $0.42 EPS becomes a reality. After $0.41 actual earnings per share reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

Among 15 analysts covering Hormel Foods Corporation (NYSE:HRL), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Hormel Foods Corporation had 49 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Hormel Foods Corporation (NYSE:HRL) earned “Outperform” rating by BMO Capital Markets on Wednesday, November 23. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) rating on Thursday, June 29. Jefferies has “Hold” rating and $3400 target. Barclays Capital maintained the shares of HRL in report on Friday, August 25 with “Overweight” rating. Piper Jaffray initiated it with “Buy” rating and $42.0 target in Thursday, January 4 report. Barclays Capital reinitiated it with “Overweight” rating and $40 target in Friday, December 1 report. Jefferies maintained Hormel Foods Corporation (NYSE:HRL) on Friday, October 27 with “Hold” rating. Credit Suisse maintained the shares of HRL in report on Wednesday, November 25 with “Neutral” rating. Jefferies maintained the shares of HRL in report on Monday, September 25 with “Hold” rating. The stock of Hormel Foods Corporation (NYSE:HRL) has “Underweight” rating given on Tuesday, April 5 by BB&T Capital. The firm has “Buy” rating given on Wednesday, December 16 by Jefferies.

Since August 30, 2017, it had 0 insider purchases, and 8 selling transactions for $6.49 million activity. $789,445 worth of stock was sold by MORRISON JOHN L on Friday, October 13. Murano Elsa A also sold $256,644 worth of Hormel Foods Corporation (NYSE:HRL) on Thursday, January 4. Another trade for 3,114 shares valued at $99,337 was sold by Myers Kevin L. BINDER STEVEN G sold $480,000 worth of Hormel Foods Corporation (NYSE:HRL) on Wednesday, September 20. Another trade for 100,000 shares valued at $3.17M was made by Kremin Donald H on Monday, September 11. SHEEHAN JAMES N also sold $1.10M worth of Hormel Foods Corporation (NYSE:HRL) on Wednesday, August 30.

Pittenger & Anderson Inc, which manages about $1.04 billion and $1.10B US Long portfolio, upped its stake in Vanguard Index Fds (VO) by 3,697 shares to 140,456 shares, valued at $20.65 million in 2017Q3, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHD) by 23,029 shares in the quarter, for a total of 297,772 shares, and has risen its stake in Ishares Tr (EEM).

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Reliance Of Delaware has 0.78% invested in General Electric Company (NYSE:GE) for 213,246 shares. Sns Gp Ltd Liability holds 36,103 shares. 169,131 were accumulated by Virtu Finance Ltd Llc. Parametric Portfolio Assoc Lc, Washington-based fund reported 16.76 million shares. Cadence Bancorp Na reported 195,323 shares or 1.79% of all its holdings. Riverbridge Limited Liability Corporation stated it has 11,939 shares or 0.01% of all its holdings. Sii Invs Wi reported 0.35% stake. Schwab Charles Investment Management reported 29.86M shares. Shanda Asset Mgmt has invested 2.26% in General Electric Company (NYSE:GE). The Ohio-based Bowling Port Mgmt Ltd Liability Co has invested 0.33% in General Electric Company (NYSE:GE). Buckingham Asset Limited Liability Corp holds 0.61% of its portfolio in General Electric Company (NYSE:GE) for 105,886 shares. Rathbone Brothers Public Limited Company invested in 1.26M shares. Brown Brothers Harriman holds 0.05% of its portfolio in General Electric Company (NYSE:GE) for 403,947 shares. Amalgamated Bancorporation invested in 0.76% or 1.01M shares. National Bank Hapoalim Bm invested in 0.21% or 38,623 shares.

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. As per Thursday, May 12, the company rating was initiated by JP Morgan. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Monday, October 2. Morgan Stanley has “Equal-Weight” rating and $25 target. The firm has “Market Perform” rating by Bernstein given on Monday, April 4. The rating was downgraded by TheStreet to “Buy” on Wednesday, August 26. Morgan Stanley maintained the shares of GE in report on Tuesday, July 25 with “Equal-Weight” rating. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, April 24 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 23. The rating was maintained by RBC Capital Markets on Friday, September 15 with “Buy”. The stock has “Outperform” rating by Credit Suisse on Thursday, October 5. The rating was upgraded by William Blair to “Outperform” on Tuesday, October 13.

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 $2.51B 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.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. 24,693 shares were sold by Comstock Elizabeth J, worth $633,375. TISCH JAMES S had bought 100,000 shares worth $2.46M on Tuesday, August 22.

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