General Electric Co (GE) Shareholder Triangle Securities Wealth Management Trimmed Its Holding as Stock Value Declined; Gabalex Capital Management Continues to Hold Stake in Wal (WMT)

May 26, 2018 - By Hazel Jackson

General Electric Company (NYSE:GE) Logo

Triangle Securities Wealth Management decreased its stake in General Electric Co (GE) by 64.25% based on its latest 2017Q4 regulatory filing with the SEC. Triangle Securities Wealth Management sold 71,517 shares as the company’s stock declined 23.20% with the market. The institutional investor held 39,795 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $694,000, down from 111,312 at the end of the previous reported quarter. Triangle Securities Wealth Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.07B market cap company. The stock increased 0.21% or $0.03 during the last trading session, reaching $14.63. About 49.70M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 26, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Gabalex Capital Management Llc increased its stake in Wal (WMT) by 33.33% based on its latest 2017Q4 regulatory filing with the SEC. Gabalex Capital Management Llc bought 100,000 shares as the company’s stock declined 12.38% with the market. The hedge fund held 400,000 shares of the consumer services company at the end of 2017Q4, valued at $39.50M, up from 300,000 at the end of the previous reported quarter. Gabalex Capital Management Llc who had been investing in Wal for a number of months, seems to be bullish on the $243.46 billion market cap company. The stock decreased 0.47% or $0.39 during the last trading session, reaching $82.46. About 5.91M shares traded. Walmart Inc. (NYSE:WMT) has risen 23.53% since May 26, 2017 and is uptrending. It has outperformed by 11.98% the S&P500.

Since January 26, 2018, it had 1 buying transaction, and 0 sales for $43,446 activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.32 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It worsened, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Liberty Mutual Grp Asset Mngmt Incorporated holds 345,072 shares. Louisiana-based Louisiana State Employees Retirement Systems has invested 0.42% in General Electric Company (NYSE:GE). Regions Corp reported 2.97 million shares. 10,493 are held by Mark Sheptoff Fincl Planning Ltd. Roffman Miller Assocs Pa owns 0.62% invested in General Electric Company (NYSE:GE) for 288,461 shares. Legacy Private stated it has 0.18% in General Electric Company (NYSE:GE). Kemnay Advisory invested in 0.01% or 1,900 shares. Cranbrook Wealth Management has 0.04% invested in General Electric Company (NYSE:GE) for 5,984 shares. Gateway Inv Advisers holds 4.82M shares. Boston & Mngmt has 119,754 shares for 1.05% of their portfolio. Adage Prns Ltd Llc has invested 0.18% in General Electric Company (NYSE:GE). 25,906 were accumulated by Kingfisher Capital Limited Liability. Raymond James & Assocs owns 5.76 million shares for 0.18% of their portfolio. Arrowgrass Capital Prtnrs (Us) Lp has 0.12% invested in General Electric Company (NYSE:GE). Greenleaf reported 66,015 shares or 0.02% of all its holdings.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: Exhaustion In A Corporate Restructuring” on May 21, 2018, also Benzinga.com with their article: “GE Shares Reverse Course On Conflicting Dividend Reports” published on May 24, 2018, Seekingalpha.com published: “General Electric: Selling Low?” on May 17, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Baker Hughes General Electric Is Up Over 30% Since The February Low – Is GE Getting The Message?” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Reuters: GE considering sale of insurance business” with publication date: May 22, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research upgraded it to “Hold” rating and $24 target in Thursday, June 29 report. On Thursday, December 28 the stock rating was maintained by Tigress Financial with “Hold”. Langenberg upgraded it to “Buy” rating and $25 target in Monday, November 13 report. The rating was maintained by Cowen & Co on Friday, April 21 with “Hold”. The firm has “Hold” rating given on Monday, April 23 by RBC Capital Markets. The rating was downgraded by Deutsche Bank to “Sell” on Friday, May 12. On Tuesday, June 7 the stock rating was initiated by Cowen & Co with “Market Perform”. The company was maintained on Wednesday, December 23 by Argus Research. Cowen & Co maintained the stock with “Hold” rating in Monday, August 7 report. The firm has “Hold” rating by CFRA given on Friday, July 21.

Among 38 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 17 have Buy rating, 0 Sell and 21 Hold. Therefore 45% are positive. Wal-Mart Stores Inc had 158 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Walmart Inc. (NYSE:WMT) has “Buy” rating given on Thursday, August 24 by Robert W. Baird. On Wednesday, January 25 the stock rating was initiated by Wells Fargo with “Market Perform”. Morgan Stanley maintained Walmart Inc. (NYSE:WMT) on Wednesday, November 8 with “Equal-Weight” rating. The stock has “Buy” rating by Robert W. Baird on Wednesday, May 31. The stock of Walmart Inc. (NYSE:WMT) has “Buy” rating given on Thursday, April 19 by Argus Research. On Friday, June 9 the stock rating was maintained by Credit Suisse with “Hold”. As per Thursday, August 17, the company rating was maintained by Oppenheimer. The company was upgraded on Friday, August 11 by Stephens. The rating was maintained by Telsey Advisory Group on Friday, November 18 with “Market Perform”. TheStreet downgraded the stock to “Hold” rating in Friday, September 18 report.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.03, from 1.02 in 2017Q3. It is negative, as 68 investors sold WMT shares while 541 reduced holdings. 165 funds opened positions while 435 raised stakes. 865.70 million shares or 1.77% less from 881.34 million shares in 2017Q3 were reported. Crestwood Group Incorporated Ltd Liability Com stated it has 2,706 shares. Arrow Finance owns 25,350 shares or 0.58% of their US portfolio. Rowland Invest Counsel Adv owns 71,138 shares. Northwestern Mutual Wealth Com has invested 0.07% in Walmart Inc. (NYSE:WMT). Jaffetilchin Invest Ltd reported 6,620 shares. Bowling Portfolio Mgmt Lc accumulated 7,540 shares or 0.1% of the stock. Lakeview Prns Ltd holds 1.18% in Walmart Inc. (NYSE:WMT) or 16,202 shares. Matrix Asset holds 0.06% in Walmart Inc. (NYSE:WMT) or 3,900 shares. Thompson Invest has invested 0.76% in Walmart Inc. (NYSE:WMT). Clearbridge Invs Lc reported 3.37 million shares or 0.31% of all its holdings. 285,405 were accumulated by Pub Employees Retirement Association Of Colorado. Alethea Ltd Liability Co invested 2.13% in Walmart Inc. (NYSE:WMT). Eagle Asset invested in 0.05% or 82,704 shares. Diversified Tru Co has 20,007 shares. Comml Bank Of The West has invested 0.19% in Walmart Inc. (NYSE:WMT).

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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