General Electric Co (GE) Holder Financial Consulate Has Lowered Its Stake; Zoetis (ZTS) Stake Held by Chesley Taft & Associates Llc

June 14, 2018 - By Clifton Ray

General Electric Company (NYSE:GE) Logo

Financial Consulate Inc decreased its stake in General Electric Co (GE) by 84.28% based on its latest 2018Q1 regulatory filing with the SEC. Financial Consulate Inc sold 133,547 shares as the company’s stock declined 0.14% with the market. The institutional investor held 24,906 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $336,000, down from 158,453 at the end of the previous reported quarter. Financial Consulate Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $118.56B market cap company. The stock decreased 1.73% or $0.24 during the last trading session, reaching $13.65. About 55.49 million shares traded. General Electric Company (NYSE:GE) has declined 46.78% since June 14, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 20/04/2018 – The engine’s maker is a joint venture of General Electric and France’s Safran; 18/04/2018 – GE: `ULTRASONIC INSPECTIONS’ TO BE COMPLETED OVER NEXT 30 DAYS; 07/03/2018 – “Mad Money” host Jim Cramer talks General Electric and sell-off threats in a strategy session with callers; 17/04/2018 – GE SAID TO BE WORKING WITH CITI, CREDIT SUISSE ON JENBACHER; 21/03/2018 – GE asks for final healthcare IT bids, sources say [21:50 GMT21 Mar 2018] [Proprietary] []; 21/05/2018 – WABTEC – TRANSACTION IS EXPECTED TO BE TAX FREE TO COS’ RESPECTIVE SHAREHOLDERS; 30/04/2018 – GE TO REDEEM ALL OUTSTANDING 4.700% NOTES DUE 2053; 16/05/2018 – General Electric: $52M Agreement With Dubai Electricity and Water for Advanced Gas Path Technology; 21/05/2018 – WABTEC – DEAL WITH GE IS EXPECTED TO GENERATE 15% CASH EPS ACCRETION IN YEAR 1; 11/04/2018 – ServiceMax from GE Digital to Focus on the Impact of Proactive Maintenance Strategies to the Service Industry at Field Service USA 2018

Chesley Taft & Associates Llc increased its stake in Zoetis Inc. (ZTS) by 54.72% based on its latest 2018Q1 regulatory filing with the SEC. Chesley Taft & Associates Llc bought 7,800 shares as the company’s stock rose 0.44% while stock markets declined. The institutional investor held 22,055 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $1.84 million, up from 14,255 at the end of the previous reported quarter. Chesley Taft & Associates Llc who had been investing in Zoetis Inc. for a number of months, seems to be bullish on the $42.67B market cap company. The ETF increased 0.94% or $0.82 during the last trading session, reaching $88.18. About 2.31 million shares traded. BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) has risen 33.70% since June 14, 2017 and is uptrending. It has outperformed by 21.13% the S&P500. Some Historical ZTS News: 19/04/2018 – ZOETIS INC ZTS.N : CITIGROUP RAISES TARGET PRICE TO $98 FROM $85; 14/05/2018 – ANATARA LIFESCIENCES LTD – ANNOUNCES EXCLUSIVE GLOBAL LICENSE AGREEMENT WITH ZOETIS; 06/04/2018 – Lilly set to collect initial Elanco bids –; 16/05/2018 – ZOETIS SEES DEAL IMPACTING 2018 REPORTED EARNINGS; 16/05/2018 – Zoetis Expects to Complete Acquisition Before End 2018; 27/03/2018 – Cramer also sits down with the CEOs of Kohl’s and Zoetis; 16/05/2018 – ABAXIS INC – UPON TERMINATION OF MERGER BY CO OR ZOETIS UPON SPECIFIED CONDITIONS, TERMINATION FEE OF $70 MLN MAY BE PAYABLE BY CO TO ZOETIS; 01/05/2018 – Forbes Names Zoetis One of America’s Best Employers for Third Year in a Row; 16/05/2018 – MOODY’S SAYS ZOETIS’ PURCHASE OF ABAXIS IS CREDIT NEGATIVE; 25/04/2018 – ZOETIS INC ZTS.N : CRAIG-HALLUM RAISES TARGET PRICE TO $94 FROM $89

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 earnings per share, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48B for 20.07 P/E if the $0.17 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

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

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Wabtec and GE Transportation to merge” on May 21, 2018, also Seekingalpha.com with their article: “Either GE Or Its Dividend, And Possibly Both, Are Set To Shrink” published on June 12, 2018, Seekingalpha.com published: “GE’s Share Slide – A Buying Opportunity” on May 24, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s Digital Growth Is Impressive” published on June 13, 2018 as well as Globenewswire.com‘s news article titled: “GE Introduces New Femto DLynx IIâ„¢ Buck Converters with Company’s Smallest-to-Date Footprint” with publication date: June 12, 2018.

Financial Consulate Inc, which manages about $333.98M and $188.83M US Long portfolio, upped its stake in Rydex Etf Trust (RPG) by 6,396 shares to 104,651 shares, valued at $11.49 million in 2018Q1, according to the filing.

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It is positive, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Bb&T Ltd Company reported 1.69M shares stake. Thornburg Investment holds 0.19% or 1.90 million shares. Bremer Trust Association invested in 0.15% or 37,506 shares. 614,697 were accumulated by Whittier Of Nevada Incorporated. Kelly Lawrence W Assocs Inc Ca owns 0.19% invested in General Electric Company (NYSE:GE) for 76,298 shares. Whitnell And holds 33,417 shares or 0.19% of its portfolio. Abner Herrman & Brock Ltd Liability Com holds 0.02% of its portfolio in General Electric Company (NYSE:GE) for 11,664 shares. Parthenon Ltd Llc holds 1.26% of its portfolio in General Electric Company (NYSE:GE) for 397,248 shares. Minnesota-based Meristem Llp has invested 0.44% in General Electric Company (NYSE:GE). Df Dent & Commerce has invested 0.03% in General Electric Company (NYSE:GE). First Utd Bankshares Tru has 10,920 shares for 0.1% of their portfolio. 165,332 are owned by Princeton Port Strategies Grp Lc. Bingham Osborn Scarborough Limited Liability Company holds 23,170 shares. Bontempo Ohly Cap Management Limited reported 1.9% in General Electric Company (NYSE:GE). Virtu Fincl Limited holds 0.04% or 51,912 shares.

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 104 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Vertical Research on Tuesday, January 16 with “Hold”. The firm has “Sell” rating given on Monday, April 9 by J.P. Morgan. The firm has “Market Perform” rating by Bernstein given on Tuesday, July 26. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Tuesday, June 13. Stifel Nicolaus has “Buy” rating and $3300 target. The rating was initiated by Cowen & Co with “Market Perform” on Tuesday, June 7. As per Friday, December 16, the company rating was upgraded by Bernstein. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14. The company was maintained on Wednesday, May 30 by J.P. Morgan. The stock of General Electric Company (NYSE:GE) has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, November 14.

Among 21 analysts covering Zoetis Inc (NYSE:ZTS), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Zoetis Inc had 80 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, June 1. As per Thursday, February 15, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Jefferies given on Thursday, November 16. Jefferies maintained the stock with “Buy” rating in Tuesday, January 16 report. Jefferies maintained the shares of ZTS in report on Monday, October 16 with “Buy” rating. Morgan Stanley upgraded the shares of ZTS in report on Wednesday, November 29 to “Overweight” rating. The rating was maintained by Jefferies with “Buy” on Friday, July 14. The stock of BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) has “Outperform” rating given on Thursday, December 15 by Cowen & Co. The stock of BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) earned “Buy” rating by Piper Jaffray on Friday, November 3. The stock of BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) has “Hold” rating given on Thursday, April 19 by Hilliard Lyons.

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.01, from 1.13 in 2017Q4. It is negative, as 33 investors sold ZTS shares while 270 reduced holdings. 99 funds opened positions while 239 raised stakes. 419.33 million shares or 2.37% less from 429.52 million shares in 2017Q4 were reported. 192 were accumulated by Advsrs Preferred Ltd. Teacher Retirement Of Texas accumulated 253,169 shares. Dimensional Fund Advisors Ltd Partnership holds 1.36 million shares. Nordea Ab invested in 0% or 24,699 shares. Jane Street Grp Inc Limited Liability Corporation invested 0% in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Horizon Invests Ltd has 0.06% invested in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) for 17,247 shares. First Tru LP holds 0.09% or 451,716 shares in its portfolio. Zweig holds 0.02% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) for 3,100 shares. Robecosam Ag owns 0.06% invested in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) for 16,374 shares. 1832 Asset Management Limited Partnership has 1.49 million shares for 0.46% of their portfolio. Moreover, Congress Asset Mgmt Communication Ma has 0.97% invested in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS). Advisory Serv Networks Ltd Liability Com stated it has 2,942 shares. New Mexico Educational Retirement Board holds 0.15% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) for 46,475 shares. Douglass Winthrop Limited Liability Corp holds 0.29% of its portfolio in BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) for 72,080 shares. Eulav Asset Management invested in 0.18% or 44,000 shares.

Another recent and important BMO Short-Term US Treasury Bond Index ETF (NYSE:ZTS) news was published by 247Wallst.com which published an article titled: “Are Abaxis Shareholders Getting Enough in the Buyout?” on May 16, 2018.

Since February 21, 2018, it had 0 buys, and 5 insider sales for $7.23 million activity. The insider PECK KRISTIN C sold 32,000 shares worth $2.60M. 8,568 shares valued at $712,001 were sold by Trawicki Roman on Friday, March 9. Lagano Roxanne had sold 35,663 shares worth $2.89 million on Wednesday, February 21.

General Electric Company (NYSE:GE) Institutional Positions Chart

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