General Electric Co (GE) Holder Culbertson A N & Co Trimmed Its Position as Stock Value Declined; Lockheed Martin (LMT) Stock Price Rose While Franklin Street Advisors Has Lowered Its Stake

February 19, 2018 - By Michael Collier

Culbertson A N & Co Inc decreased its stake in General Electric Co (GE) by 20.4% based on its latest 2017Q3 regulatory filing with the SEC. Culbertson A N & Co Inc sold 34,149 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 133,276 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.22M, down from 167,425 at the end of the previous reported quarter. Culbertson A N & Co Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.52B market cap company. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 19, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Franklin Street Advisors Inc decreased its stake in Lockheed Martin Corp (LMT) by 5.82% based on its latest 2017Q3 regulatory filing with the SEC. Franklin Street Advisors Inc sold 1,554 shares as the company’s stock rose 2.80% with the market. The hedge fund held 25,143 shares of the military and government and technical company at the end of 2017Q3, valued at $7.80 million, down from 26,697 at the end of the previous reported quarter. Franklin Street Advisors Inc who had been investing in Lockheed Martin Corp for a number of months, seems to be less bullish one the $102.39B market cap company. The stock decreased 0.13% or $0.47 during the last trading session, reaching $360.53. About 1.08M shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since February 19, 2017 and is uptrending. It has underperformed by 2.51% the S&P500.

Since August 22, 2017, it had 1 buy, and 0 sales for $43,446 activity. 100,000 shares were bought by TISCH JAMES S, worth $2.46M.

Culbertson A N & Co Inc, which manages about $278.97 million and $327.67 million US Long portfolio, upped its stake in Texas Instrs Inc (NASDAQ:TXN) by 12,975 shares to 16,568 shares, valued at $1.49M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It fall, 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. The Pennsylvania-based Live Your Vision Ltd Llc has invested 0.08% in General Electric Company (NYSE:GE). 42,929 were reported by Blue Financial Incorporated. Exane Derivatives has invested 0.17% of its portfolio in General Electric Company (NYSE:GE). Neville Rodie Shaw Incorporated holds 0.97% or 359,272 shares. Broderick Brian C owns 84,669 shares for 0.74% of their portfolio. Conning Inc, Connecticut-based fund reported 1.27 million shares. Bkd Wealth Advsrs Ltd Limited Liability Company invested 0.33% in General Electric Company (NYSE:GE). Regal Investment Ltd Llc holds 188,351 shares or 1.06% of its portfolio. Hollencrest Ltd Llc holds 0.72% of its portfolio in General Electric Company (NYSE:GE) for 214,302 shares. Washington Tru Bank reported 247,680 shares. Northeast Inv Mngmt reported 1.53% stake. Spectrum Management Group holds 3,119 shares or 0.02% of its portfolio. Concorde Asset Mngmt Ltd Limited Liability Company reported 19,193 shares stake. Iberiabank reported 1.39% in General Electric Company (NYSE:GE). Pettyjohn Wood And White has invested 1.68% in General Electric Company (NYSE:GE).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Cowen & Co with “Market Perform” on Tuesday, June 7. On Wednesday, January 24 the stock rating was maintained by CFRA with “Hold”. Cowen & Co maintained the stock with “Hold” rating in Monday, August 7 report. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, April 12 by Credit Suisse. The firm has “Underweight” rating given on Monday, October 23 by Morgan Stanley. RBC Capital Markets maintained it with “Buy” rating and $31.0 target in Friday, September 15 report. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Wednesday, October 11. RBC Capital Markets has “Buy” rating and $27.0 target. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, June 12 with “Hold” rating. Bank of America downgraded General Electric Company (NYSE:GE) rating on Wednesday, April 26. Bank of America has “Neutral” rating and $31 target. Oppenheimer maintained the stock with “Hold” rating in Monday, July 24 report.

Franklin Street Advisors Inc, which manages about $2.06 billion and $609.50M US Long portfolio, upped its stake in Cisco Sys Inc Com (NASDAQ:CSCO) by 10,651 shares to 506,149 shares, valued at $17.02 million in 2017Q3, according to the filing. It also increased its holding in V F Corp (NYSE:VFC) by 79,257 shares in the quarter, for a total of 82,757 shares, and has risen its stake in Bristolmyers Squibb (NYSE:BMY).

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.17, from 1.07 in 2017Q2. It increased, as 43 investors sold LMT shares while 356 reduced holdings. 110 funds opened positions while 386 raised stakes. 221.38 million shares or 1.04% less from 223.70 million shares in 2017Q2 were reported. Wade G W & reported 4,552 shares. Mitsubishi Ufj Bk Corp invested 0.32% in Lockheed Martin Corporation (NYSE:LMT). Mitsubishi Ufj Secs Hldgs Co stated it has 0.09% in Lockheed Martin Corporation (NYSE:LMT). Barometer Management owns 76,100 shares for 2.29% of their portfolio. Ipg Advsrs Lc holds 4,877 shares or 0.52% of its portfolio. Quantitative Inv Mngmt Ltd Liability Company accumulated 31,500 shares or 0.11% of the stock. Capital One Natl Association accumulated 0.89% or 40,798 shares. Cibc Asset Mngmt accumulated 25,199 shares. Cibc World Corp reported 36,501 shares. Alliancebernstein LP invested in 518,389 shares or 0.12% of the stock. Macroview Investment Mgmt Ltd Co holds 0.1% or 68 shares. Moreover, Oakmont Corporation has 16.96% invested in Lockheed Martin Corporation (NYSE:LMT). Legal And General Group Inc Public Ltd Com holds 1.21 million shares or 0.28% of its portfolio. Advisory Ntwk Ltd Llc stated it has 0.6% of its portfolio in Lockheed Martin Corporation (NYSE:LMT). Moreover, Td Asset Mngmt Inc has 0.2% invested in Lockheed Martin Corporation (NYSE:LMT) for 429,207 shares.

Since January 29, 2018, it had 0 buys, and 2 sales for $9.28 million activity. The insider Ambrose Richard F sold 7,517 shares worth $2.69M.

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