As Apple (AAPL) Market Valuation Declined, Korea Investment Upped Holding; Financial Consulate Holding in General Electric Co (GE) Boosted by $2.33 Million

May 27, 2018 - By Adrian Erickson

Apple Inc. (NASDAQ:AAPL) Logo

Korea Investment Corp increased its stake in Apple Inc (AAPL) by 1.83% based on its latest 2017Q4 regulatory filing with the SEC. Korea Investment Corp bought 77,400 shares as the company’s stock declined 3.81% with the market. The institutional investor held 4.30M shares of the computer manufacturing company at the end of 2017Q4, valued at $727.43M, up from 4.22M at the end of the previous reported quarter. Korea Investment Corp who had been investing in Apple Inc for a number of months, seems to be bullish on the $926.90 billion market cap company. The stock increased 0.23% or $0.43 during the last trading session, reaching $188.58. About 15.45 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 27, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Financial Consulate Inc increased its stake in General Electric Co (GE) by 637.92% based on its latest 2017Q4 regulatory filing with the SEC. Financial Consulate Inc bought 136,980 shares as the company’s stock declined 23.20% with the market. The institutional investor held 158,453 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.77 million, up from 21,473 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 bullish on the $127.07 billion 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 27, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Korea Investment Corp, which manages about $21.97B US Long portfolio, decreased its stake in Arista Networks Inc (NYSE:ANET) by 2,000 shares to 18,200 shares, valued at $4.29M in 2017Q4, according to the filing. It also reduced its holding in Csx Corp (NYSE:CSX) by 153,870 shares in the quarter, leaving it with 536,202 shares, and cut its stake in First Rep Bk San Francisco C (NYSE:FRC).

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It improved, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Godsey & Gibb stated it has 0.07% in Apple Inc. (NASDAQ:AAPL). New England Private Wealth Advisors Limited Liability Company stated it has 1.17% in Apple Inc. (NASDAQ:AAPL). Fca Tx, a Texas-based fund reported 4,128 shares. 3.50M were accumulated by Wellcome Trust Limited (The) As Trustee Of The Wellcome Trust. Oakbrook Invs Lc stated it has 329,698 shares. Platinum Ltd invested in 12,700 shares or 0.06% of the stock. Parkside Finance Bancorp Trust has invested 1.74% in Apple Inc. (NASDAQ:AAPL). National Registered Inv Advisor Incorporated owns 36,418 shares. Provident Tru invested in 3,261 shares or 0.02% of the stock. Florida-based Amer Asset Mngmt has invested 1.28% in Apple Inc. (NASDAQ:AAPL). Train Babcock Advsrs Ltd Llc owns 83,211 shares. Kessler Group Ltd Llc has invested 9.12% in Apple Inc. (NASDAQ:AAPL). Camarda Finance Advsrs Lc invested in 16,248 shares. Maryland-based Proshare Advsr Ltd Company has invested 4.04% in Apple Inc. (NASDAQ:AAPL). Snow Cap Mngmt Ltd Partnership invested in 20,677 shares or 0.16% of the stock.

Since December 7, 2017, it had 0 insider purchases, and 10 selling transactions for $47.05 million activity. AHRENDTS ANGELA J sold $6.75M worth of Apple Inc. (NASDAQ:AAPL) on Thursday, May 3. LEVINSON ARTHUR D had sold 35,000 shares worth $6.51M on Wednesday, May 9. $6.83M worth of Apple Inc. (NASDAQ:AAPL) was sold by Maestri Luca. KONDO CHRIS sold $910,129 worth of stock or 4,867 shares. SCHILLER PHILIP W sold $11.56M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, April 3. WILLIAMS JEFFREY E also sold $2.90 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, May 8.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 417 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, September 11 by Piper Jaffray. As per Friday, November 3, the company rating was upgraded by Rosenblatt. The rating was downgraded by Atlantic Securities to “Neutral” on Monday, January 22. Guggenheim maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, July 18 with “Buy” rating. The rating was maintained by FBN Securities on Wednesday, August 2 with “Buy”. The rating was maintained by Macquarie Research on Wednesday, October 28 with “Buy”. The stock has “Buy” rating by Needham on Friday, February 2. Macquarie Research maintained the stock with “Buy” rating in Tuesday, June 6 report. The rating was maintained by Canaccord Genuity on Tuesday, August 22 with “Buy”. Nomura maintained it with “Buy” rating and $185.0 target in Friday, September 22 report.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: “Thursday Apple Rumors: Possible 2018 iPhone X Image Leaks” on May 24, 2018, also Seekingalpha.com with their article: “Trading Mistake 8 (Apple): Poor Profit-Taking” published on May 23, 2018, Thestreet.com published: “How to Trade Apple Ahead of Alphabet’s Launch of YouTube Music” on May 21, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple Ignores Tesla, Instead Partners With Volkswagen” published on May 24, 2018 as well as 247Wallst.com‘s news article titled: “Analysts Jumping All Over Their Apple and iPhone Calls” with publication date: May 02, 2018.

Financial Consulate Inc, which manages about $333.98 million and $195.69M US Long portfolio, decreased its stake in Aerie Pharmaceuticals In (NASDAQ:AERI) by 8,000 shares to 10,500 shares, valued at $627,000 in 2017Q4, according to the filing.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Baker Hughes General Electric Is Up Over 30% Since The February Low – Is GE Getting The Message?” on May 24, 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’s Brilliant Move” on May 23, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “The General Electric and Wabtec Merger: What It Means to Investors” published on May 25, 2018 as well as Seekingalpha.com‘s news article titled: “GE’s Share Slide – A Buying Opportunity” with publication date: May 24, 2018.

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

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It fall, 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. Troy Asset Mgmt Ltd holds 560 shares or 0% of its portfolio. Arrow Fin owns 167,261 shares for 0.67% of their portfolio. Campbell Newman Asset Inc holds 70,273 shares or 0.21% of its portfolio. Bennicas Associate holds 40,880 shares. Qcm Cayman Limited holds 10,431 shares or 0.75% of its portfolio. First Citizens Bank & Trust & has invested 0.14% in General Electric Company (NYSE:GE). Shufro Rose & Limited Liability Company has 1.40M shares. Aureus Asset Lc holds 0.09% in General Electric Company (NYSE:GE) or 33,968 shares. Amer Assets Inv Mgmt Limited Liability has invested 1.51% in General Electric Company (NYSE:GE). Kessler Inv Grp Llc invested in 5,712 shares or 0.13% of the stock. 308,384 were reported by Lodestar Counsel Limited Il. Cardinal Mngmt reported 1,100 shares stake. Wg Shaheen And Dba Whitney And Co, a New York-based fund reported 22,703 shares. Canandaigua Savings Bank Trust stated it has 0.93% of its portfolio in General Electric Company (NYSE:GE). Armstrong Henry H Associate Inc holds 163,862 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 103 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co initiated the stock with “Market Perform” rating in Tuesday, June 7 report. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Monday, September 11 by Deutsche Bank. Argus Research maintained the shares of GE in report on Wednesday, December 23 with “Buy” rating. The firm has “Buy” rating by TheStreet given on Tuesday, July 21. As per Monday, April 23, the company rating was maintained by RBC Capital Markets. The rating was maintained by Bank of America on Tuesday, November 14 with “Buy”. On Thursday, January 25 the stock rating was maintained by Citigroup with “Buy”. RBC Capital Markets maintained the shares of GE in report on Thursday, March 23 with “Positive” rating. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Thursday, January 21. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, July 17.

General Electric Company (NYSE:GE) Institutional Positions Chart

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