Orrstown Financial Services Has Trimmed Stake in General Elec Co Com (GE) as Share Value Declined; Proffitt & Goodson Lowered Cisco Sys (CSCO) Position by $478,206 as Stock Price Declined

November 15, 2017 - By Migdalia James

Orrstown Financial Services Inc decreased its stake in General Elec Co Com (GE) by 78.19% based on its latest 2017Q2 regulatory filing with the SEC. Orrstown Financial Services Inc sold 28,163 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 7,854 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $212,000, down from 36,017 at the end of the previous reported quarter. Orrstown Financial Services Inc who had been investing in General Elec Co Com for a number of months, seems to be less bullish one the $155.23B market cap company. The stock declined 0.67% or $0.12 reaching $17.78 per share. About 754,513 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 15, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Proffitt & Goodson Inc decreased its stake in Cisco Sys Inc (CSCO) by 25.95% based on its latest 2017Q2 regulatory filing with the SEC. Proffitt & Goodson Inc sold 15,426 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 44,018 shares of the technology company at the end of 2017Q2, valued at $1.38 million, down from 59,444 at the end of the previous reported quarter. Proffitt & Goodson Inc who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $168.56 billion market cap company. The stock declined 0.12% or $0.04 reaching $34 per share. About 150,820 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 15, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 earnings per share, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.44B for 15.88 P/E if the $0.28 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Among 25 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 10 Hold. Therefore 40% are positive. General Electric Company had 77 analyst reports since July 21, 2015 according to SRatingsIntel. TheStreet upgraded the stock to “Buy” rating in Tuesday, July 21 report. The stock of General Electric Company (NYSE:GE) earned “Market Perform” rating by Cowen & Co on Tuesday, June 7. The firm has “Hold” rating given on Thursday, March 23 by BMO Capital Markets. The firm has “Underweight” rating by Morgan Stanley given on Monday, October 23. The firm earned “Outperform” rating on Monday, November 23 by Credit Suisse. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Friday, April 21. Cowen & Co has “Hold” rating and $30 target. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The firm earned “Sell” rating on Friday, July 22 by Standpoint Research. The stock has “Perform” rating by Oppenheimer on Monday, September 21. On Monday, October 23 the stock rating was maintained by RBC Capital Markets with “Buy”.

More notable recent General Electric Company (NYSE:GE) news were published by: Cnbc.com which released: “GE shares break below $18 as two-day loss reaches 13%; Wall Street expects …” on November 14, 2017, also Cnbc.com with their article: “Lonely Wall Street analyst is ‘sticking’ with General Electric even after its …” published on November 14, 2017, Seekingalpha.com published: “GE: Jack Welch Returns, Maybe Better Than Ever” on November 13, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “What’s Wrong With General Electric Company’s Core Business?” published on November 12, 2017 as well as Seekingalpha.com‘s news article titled: “General Electric Market Cap Down $240 Billion Last 10 Years” with publication date: November 15, 2017.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It worsened, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Guardian Investment, California-based fund reported 138,527 shares. London Of Virginia invested in 9.73 million shares or 1.79% of the stock. Moreover, Bnp Paribas Arbitrage Sa has 0.49% invested in General Electric Company (NYSE:GE). B & T Cap Mngmt Dba Alpha Cap Mngmt accumulated 80,227 shares. Wagner Bowman Corporation invested 0.84% of its portfolio in General Electric Company (NYSE:GE). 9,400 are owned by Capital Int Sarl. Telemus Capital Limited Liability Company reported 0.15% of its portfolio in General Electric Company (NYSE:GE). Bp Public Limited Liability, United Kingdom-based fund reported 685,000 shares. Stelac Advisory, New York-based fund reported 26,259 shares. Bancshares Of Nova Scotia invested in 0.62% or 4.41M shares. Reilly Fincl Advsrs Limited Liability Corporation invested in 0.11% or 27,291 shares. Midwest Investment Management Limited Liability reported 10,125 shares stake. Reliant Investment Management Llc reported 0.61% stake. Woodmont Investment Counsel Ltd Liability Co stated it has 175,175 shares or 1.33% of all its holdings. 39,000 were accumulated by Hudock Grp Llc.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Seekingalpha.com which released: “Cisco Systems: Don’t Throw In The Towel Just Yet” on November 08, 2017, also Fool.com with their article: “Oracle vs. Cisco by the numbers” published on October 17, 2017, Seekingalpha.com published: “Cisco: Those Who Lie In Wait” on October 16, 2017. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: “Cisco Likely A Hold?” published on October 31, 2017 as well as Fool.com‘s news article titled: “Why 2017 was a Year to Forget for Cisco Systems, Inc.” with publication date: November 09, 2017.

Among 37 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 23 have Buy rating, 0 Sell and 14 Hold. Therefore 62% are positive. Cisco Systems Inc. had 116 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Thursday, August 18. Macquarie Research upgraded Cisco Systems, Inc. (NASDAQ:CSCO) on Monday, February 8 to “Neutral” rating. Oppenheimer maintained the shares of CSCO in report on Friday, August 4 with “Buy” rating. The rating was maintained by Goldman Sachs on Thursday, August 13 with “Buy”. On Wednesday, August 16 the stock rating was maintained by Oppenheimer with “Buy”. The company was maintained on Thursday, May 19 by Credit Suisse. The firm has “Outperform” rating by Cowen & Co given on Thursday, August 18. Robert W. Baird maintained Cisco Systems, Inc. (NASDAQ:CSCO) rating on Monday, August 7. Robert W. Baird has “Buy” rating and $3800 target. The company was maintained on Thursday, August 18 by Morgan Stanley. The rating was maintained by Jefferies with “Buy” on Wednesday, August 2.

Since May 24, 2017, it had 0 buys, and 3 sales for $12.50 million activity. Jacoby Rebecca sold $2.94 million worth of stock or 92,840 shares. $244,125 worth of Cisco Systems, Inc. (NASDAQ:CSCO) was sold by Walker Karen.

Proffitt & Goodson Inc, which manages about $273.50M and $223.91 million US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 5,623 shares to 9,578 shares, valued at $734,000 in 2017Q2, according to the filing. It also increased its holding in Fedex Corp (NYSE:FDX) by 2,758 shares in the quarter, for a total of 4,138 shares, and has risen its stake in Ishares Tr (IWR).

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