As Eli Lilly And Company (LLY) Valuation Declined, Lilly Endowment Has Trimmed Position by $34.02 Million; Meridian Investment Counsel Has Increased Its General Electric Co (GE) Position

April 25, 2018 - By Vivian Park

General Electric Company (NYSE:GE) Logo

Meridian Investment Counsel Inc increased its stake in General Electric Co (GE) by 73.3% based on its latest 2017Q4 regulatory filing with the SEC. Meridian Investment Counsel Inc bought 48,597 shares as the company’s stock declined 23.20% with the market. The institutional investor held 114,897 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.01M, up from 66,300 at the end of the previous reported quarter. Meridian Investment Counsel Inc who had been investing in General Electric Co for a number of months, seems to be bullish on the $121.35 billion market cap company. The stock decreased 4.80% or $0.705 during the last trading session, reaching $13.975. About 59.03M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 25, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Lilly Endowment Inc decreased its stake in Eli Lilly And Company (LLY) by 0.33% based on its latest 2017Q4 regulatory filing with the SEC. Lilly Endowment Inc sold 405,000 shares as the company’s stock declined 11.06% with the market. The institutional investor held 123.08 million shares of the major pharmaceuticals company at the end of 2017Q4, valued at $10.39 billion, down from 123.48M at the end of the previous reported quarter. Lilly Endowment Inc who had been investing in Eli Lilly And Company for a number of months, seems to be less bullish one the $83.88 billion market cap company. The stock increased 0.51% or $0.41 during the last trading session, reaching $80.5. About 2.52M shares traded. Eli Lilly and Company (NYSE:LLY) has declined 10.19% since April 25, 2017 and is downtrending. It has underperformed by 21.74% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 8 selling transactions for $21.75 million activity. Shares for $65,790 were sold by Zakrowski Donald A on Thursday, March 1. The insider Simmons Jeffrey N sold $1.08 million. The insider LILLY ENDOWMENT INC sold 200,000 shares worth $17.64M. Smiley Joshua L also sold $237,600 worth of Eli Lilly and Company (NYSE:LLY) on Friday, March 16.

Investors sentiment increased to 1.1 in Q4 2017. Its up 0.21, from 0.89 in 2017Q3. It is positive, as 42 investors sold LLY shares while 380 reduced holdings. 117 funds opened positions while 346 raised stakes. 827.08 million shares or 0.09% less from 827.83 million shares in 2017Q3 were reported. Regions Corporation invested in 1.23M shares. 10,197 are held by Eqis Management. Cadinha And Lc owns 12,651 shares or 0.15% of their US portfolio. Hbk Invests Limited Partnership holds 0.04% or 45,800 shares. Advisors Asset owns 0.17% invested in Eli Lilly and Company (NYSE:LLY) for 124,619 shares. Argent Trust Co has invested 0.09% in Eli Lilly and Company (NYSE:LLY). Vigilant Cap Limited Liability Company invested in 16,139 shares. Chicago Equity Ptnrs Limited Co holds 13,140 shares or 0.03% of its portfolio. Telemus Capital holds 0% of its portfolio in Eli Lilly and Company (NYSE:LLY) for 200 shares. Filament Limited invested 0.76% in Eli Lilly and Company (NYSE:LLY). Woodmont Investment Counsel Limited Liability Com invested in 6,505 shares or 0.14% of the stock. Bangor Fincl Bank has 0.31% invested in Eli Lilly and Company (NYSE:LLY). Panagora Asset Incorporated holds 0.08% of its portfolio in Eli Lilly and Company (NYSE:LLY) for 264,975 shares. New Jersey Better Educational Savings holds 5,000 shares or 0.43% of its portfolio. Moreover, Lombard Odier Asset Mgmt (Europe) Limited has 0.06% invested in Eli Lilly and Company (NYSE:LLY).

Among 22 analysts covering Eli Lilly and Company (NYSE:LLY), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Eli Lilly and Company had 101 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Monday, July 17 by Jefferies. The firm has “Buy” rating by Goldman Sachs given on Tuesday, September 27. The firm earned “Buy” rating on Friday, April 7 by Citigroup. The company was maintained on Monday, December 28 by Leerink Swann. The stock has “Buy” rating by Jefferies on Thursday, June 22. The rating was maintained by BMO Capital Markets with “Sell” on Monday, November 13. As per Wednesday, August 16, the company rating was maintained by BMO Capital Markets. The stock of Eli Lilly and Company (NYSE:LLY) has “Buy” rating given on Friday, June 16 by Jefferies. The stock of Eli Lilly and Company (NYSE:LLY) has “Hold” rating given on Thursday, April 27 by Argus Research. On Monday, June 5 the stock rating was maintained by Jefferies with “Buy”.

Investors sentiment decreased to 0.5 in 2017 Q4. 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. Northern Cap Mgmt Lc accumulated 208,746 shares. Clearbridge Invests Lc has invested 0.01% in General Electric Company (NYSE:GE). Bridges Invest Counsel holds 0.67% or 69,626 shares. Renaissance Gp Limited Liability Corporation invested in 40,405 shares. Fayerweather Charles has 21,286 shares. Martin And Co Tn owns 65,005 shares. Point72 Asia (Hong Kong) Limited has invested 0% in General Electric Company (NYSE:GE). Messner Smith Theme Value Inv Management Ltd Ca, a California-based fund reported 118,721 shares. Fort Washington Investment Advsr Oh stated it has 0.73% in General Electric Company (NYSE:GE). British Columbia Investment Corp has invested 0.65% in General Electric Company (NYSE:GE). Insight 2811 accumulated 0.57% or 44,468 shares. Grimes Co holds 0.21% or 126,852 shares in its portfolio. Century Companies Incorporated invested 0.28% in General Electric Company (NYSE:GE). Eos Ltd Partnership owns 50,000 shares or 0.29% of their US portfolio. California-based Utd Finance Advisers has invested 0.19% in General Electric Company (NYSE:GE).

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

General Electric Company (NYSE:GE) Institutional Positions Chart

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