Whittier Trust Co Of Nevada INC Holding in General Electric Co Com (GE) Lowered by $4.29 Million

November 10, 2018 - By Adrian Mccoy

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.59 in 2018 Q2. Its up 0.04, from 0.55 in 2018Q1. It is positive, as 95 investors sold GE shares while 758 reduced holdings. 122 funds opened positions while 381 raised stakes. 4.51 billion shares or 0.71% less from 4.54 billion shares in 2018Q1 were reported. Arkansas-based Horrell Cap Mgmt has invested 0.02% in General Electric Company (NYSE:GE). Tennessee-based Chickasaw Cap has invested 0.05% in General Electric Company (NYSE:GE). Altavista Wealth Management reported 85,961 shares stake. Mariner Limited Liability stated it has 0.1% in General Electric Company (NYSE:GE). Moreover, Paradigm Financial Advsr Ltd Limited Liability Company has 0.52% invested in General Electric Company (NYSE:GE). Dynamic Advisor Solutions Limited Liability Corp has invested 0.11% in General Electric Company (NYSE:GE). Dekabank Deutsche Girozentrale has invested 0.39% of its portfolio in General Electric Company (NYSE:GE). Tiaa Cref Investment Ltd Limited Liability Company owns 0.2% invested in General Electric Company (NYSE:GE) for 21.51 million shares. Baker Ellis Asset Mngmt Ltd Company has invested 0.05% in General Electric Company (NYSE:GE). Dudley Shanley has 81,400 shares for 0.21% of their portfolio. Barrow Hanley Mewhinney And Strauss Ltd Limited Liability Company reported 77.72M shares. King Wealth holds 0.11% or 23,022 shares in its portfolio. Thompson Siegel And Walmsley Ltd Liability has 70,857 shares. Shelton Cap Mngmt invested 0.08% in General Electric Company (NYSE:GE). Hayek Kallen Investment has invested 1.01% of its portfolio in General Electric Company (NYSE:GE).

Since July 24, 2018, it had 1 buying transaction, and 0 insider sales for $2.49 million activity.

Whittier Trust Co Of Nevada Inc decreased its stake in General Electric Co Com (GE) by 26.87% based on its latest 2018Q2 regulatory filing with the SEC. Whittier Trust Co Of Nevada Inc sold 165,187 shares as the company’s stock declined 9.22% while stock markets rallied. The institutional investor held 449,510 shares of the consumer electronics and appliances company at the end of 2018Q2, valued at $11.81M, down from 614,697 at the end of the previous reported quarter. Whittier Trust Co Of Nevada Inc who had been investing in General Electric Co Com for a number of months, seems to be less bullish one the $74.63 billion market cap company. The stock decreased 5.71% or $0.52 during the last trading session, reaching $8.58. About 273.54M shares traded or 183.79% up from the average. General Electric Company (NYSE:GE) has declined 47.26% since November 10, 2017 and is downtrending. It has underperformed by 62.88% the S&P500.

Whittier Trust Co Of Nevada Inc, which manages about $891.05M US Long portfolio, upped its stake in Spdr Tr S&P 500 (SPY) by 16,744 shares to 188,875 shares, valued at $36.97M in 2018Q2, according to the filing. It also increased its holding in Wal Mart Stores Inc Com (NYSE:WMT) by 44,015 shares in the quarter, for a total of 82,671 shares, and has risen its stake in Spdr Ser Tr Sht Trm Hgh Yld (SJNK).

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Where Does GE Go From Here?” on November 06, 2018, also Seekingalpha.com with their article: “General Electric: A True Play On The Global Economy” published on November 08, 2018, Seekingalpha.com published: “GE: A Disastrous Quarter For ‘NewCo'” on November 01, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “Why Honeywell International Slumped 13% in October” published on November 07, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Every Cloud Has Its Silver Lining” with publication date: November 05, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Among 12 analysts covering General Electric (NYSE:GE), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. General Electric has $21 highest and $11 lowest target. $14.13’s average target is 64.69% above currents $8.58 stock price. General Electric had 18 analyst reports since May 14, 2018 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Argus Research on Monday, July 23. As per Monday, October 8, the company rating was upgraded by Barclays Capital. The stock has “Buy” rating by Citigroup on Tuesday, October 30. The rating was maintained by Deutsche Bank on Thursday, July 12 with “Hold”. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Friday, June 29. The firm earned “Neutral” rating on Friday, July 27 by Bank of America. CFRA maintained the shares of GE in report on Monday, May 21 with “Hold” rating. RBC Capital Markets upgraded General Electric Company (NYSE:GE) rating on Tuesday, October 2. RBC Capital Markets has “Outperform” rating and $15 target. UBS maintained the shares of GE in report on Wednesday, September 5 with “Neutral” rating. J.P. Morgan maintained General Electric Company (NYSE:GE) rating on Wednesday, May 30. J.P. Morgan has “Sell” rating and $1100 target.

General Electric Company (NYSE:GE) Institutional Positions Chart

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