As General Electric Co (GE) Share Price Declined, Shareholder Marco Investment Management Has Trimmed Its Stake; As Nike (NKE) Stock Price Declined, Holder Advisory Services Network Lowered Holding by $347,259

January 21, 2018 - By Kurt Siggers

Advisory Services Network Llc decreased its stake in Nike Inc (NKE) by 51.78% based on its latest 2017Q3 regulatory filing with the SEC. Advisory Services Network Llc sold 6,809 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 6,342 shares of the consumer non-durables company at the end of 2017Q3, valued at $329,000, down from 13,151 at the end of the previous reported quarter. Advisory Services Network Llc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $109.65B market cap company. The stock increased 4.84% or $3.1 during the last trading session, reaching $67.21. About 12.90 million shares traded or 33.55% up from the average. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 21, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Marco Investment Management Llc decreased its stake in General Electric Co (GE) by 21.5% based on its latest 2017Q3 regulatory filing with the SEC. Marco Investment Management Llc sold 86,533 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 315,859 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $7.64M, down from 402,392 at the end of the previous reported quarter. Marco Investment Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $141.01B market cap company. The stock decreased 3.04% or $0.51 during the last trading session, reaching $16.26. About 214.95 million shares traded or 140.60% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 21, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.20, from 1 in 2017Q2. It dropped, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Flossbach Von Storch Ag holds 1.94M shares. 32,814 were reported by South Dakota Invest Council. Liberty Mutual Group Asset Mngmt holds 54,888 shares or 0.16% of its portfolio. 44,766 are owned by Bridgewater L P. Dearborn Ltd Liability Co accumulated 0.08% or 21,082 shares. Ahl Prns Llp holds 0.04% or 47,595 shares. Huntington Natl Bank reported 856,267 shares. Whittier Of Nevada Inc invested in 0.48% or 99,422 shares. Macquarie Ltd has invested 0.02% in NIKE, Inc. (NYSE:NKE). Moreover, Groesbeck Inv Corp Nj has 0.18% invested in NIKE, Inc. (NYSE:NKE) for 4,700 shares. 34,276 are held by Telemus Cap Lc. Buckingham Asset Mngmt Lc holds 0.09% or 6,990 shares. Carderock Cap Mngmt stated it has 1.38% of its portfolio in NIKE, Inc. (NYSE:NKE). Roundview Ltd Liability holds 36,824 shares or 0.63% of its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 1.89 million shares or 0.27% of the stock.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 24 have Buy rating, 2 Sell and 18 Hold. Therefore 55% are positive. Nike Inc. had 218 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, December 19 with “Buy”. Susquehanna upgraded it to “Positive” rating and $122 target in Wednesday, August 26 report. Cowen & Co maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, December 7. Cowen & Co has “Hold” rating and $64.0 target. On Friday, September 25 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Wednesday, June 29 by Citigroup. Jefferies maintained it with “Buy” rating and $75.0 target in Tuesday, August 15 report. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, March 23. DA Davidson maintained the shares of NKE in report on Monday, December 28 with “Buy” rating. The firm earned “Buy” rating on Friday, June 30 by Deutsche Bank. Susquehanna maintained the shares of NKE in report on Thursday, June 15 with “Buy” rating.

Advisory Services Network Llc, which manages about $620.88M and $873.62M US Long portfolio, upped its stake in Vaneck Vectors Etf Tr by 32,512 shares to 83,852 shares, valued at $2.54M in 2017Q3, according to the filing. It also increased its holding in Spectra Energy Partners Lp (NYSE:SEP) by 6,895 shares in the quarter, for a total of 10,970 shares, and has risen its stake in Claymore Exchange Trd Fd Tr (BSJJ).

Since September 14, 2017, it had 0 insider purchases, and 6 sales for $23.60 million activity. Shares for $620,000 were sold by Matheson Monique S.. Another trade for 135,000 shares valued at $8.78 million was sold by PARKER MARK G. RODGERS JOHNATHAN A sold $855,206 worth of NIKE, Inc. (NYSE:NKE) on Thursday, September 14.

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. The firm has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, July 21 by TheStreet. The stock has “Market Perform” rating by Cowen & Co on Tuesday, June 7. The rating was maintained by with “Buy” on Monday, October 10. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Friday, September 15 with “Buy” rating. As per Wednesday, October 14, the company rating was maintained by S&P Research. The firm earned “Buy” rating on Wednesday, August 26 by TheStreet. The stock has “Hold” rating by Oppenheimer on Monday, June 12. The company was downgraded on Friday, July 21 by CFRA.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is negative, 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. Citizens And Northern Corporation holds 1.57% or 85,043 shares. Cahill Advsr Incorporated invested in 0.12% or 9,237 shares. Mcgowan Group Asset Mgmt invested 0.04% of its portfolio in General Electric Company (NYSE:GE). Redmond Asset Limited Liability stated it has 1.03% of its portfolio in General Electric Company (NYSE:GE). 21.63M were reported by Fisher Asset Mgmt Limited Liability Com. Wealthcare Cap Mngmt Ltd Liability holds 1,422 shares or 0% of its portfolio. Harris Assocs Limited Partnership holds 3.59% of its portfolio in General Electric Company (NYSE:GE) for 87.95 million shares. Estabrook Mngmt, New York-based fund reported 790,699 shares. Coldstream Cap Mngmt has 0.16% invested in General Electric Company (NYSE:GE) for 58,303 shares. Pennsylvania-based Pennsylvania Com has invested 1.21% in General Electric Company (NYSE:GE). Hallmark Mgmt reported 10,175 shares. Willis Inv Counsel invested 1.48% in General Electric Company (NYSE:GE). Sns Group Llc holds 36,103 shares or 0.22% of its portfolio. Roberts Glore & Il holds 0.83% or 52,848 shares in its portfolio. Bradley Foster Sargent Ct invested in 996,253 shares.

Marco Investment Management Llc, which manages about $888.82M and $636.46M US Long portfolio, upped its stake in Gilead Sciences Inc (NASDAQ:GILD) by 4,442 shares to 192,632 shares, valued at $15.61 million in 2017Q3, according to the filing. It also increased its holding in Medtronic Plc (NYSE:MDT) by 53,611 shares in the quarter, for a total of 180,556 shares, and has risen its stake in Phillips 66 (NYSE:PSX).

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