General Electric Co. (GE) Stock Declined While Garrison Financial Decreased by $693,668 Its Position; Pnc Financial Services Group Cut Its Stake in Mckesson (MCK) by $2.15 Million

April 17, 2018 - By Marie Mckinney

General Electric Company (NYSE:GE) Logo

Garrison Financial Corp decreased its stake in General Electric Co. (GE) by 39.87% based on its latest 2017Q4 regulatory filing with the SEC. Garrison Financial Corp sold 40,804 shares as the company’s stock declined 23.20% with the market. The institutional investor held 61,529 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.07M, down from 102,333 at the end of the previous reported quarter. Garrison Financial Corp who had been investing in General Electric Co. for a number of months, seems to be less bullish one the $119.72B market cap company. The stock increased 3.43% or $0.4568 during the last trading session, reaching $13.7868. About 49.05M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Pnc Financial Services Group Inc decreased its stake in Mckesson Corp (MCK) by 9.27% based on its latest 2017Q4 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 13,895 shares as the company’s stock declined 12.43% with the market. The institutional investor held 135,945 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $21.20 million, down from 149,840 at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Mckesson Corp for a number of months, seems to be less bullish one the $30.85B market cap company. The stock increased 1.11% or $1.64 during the last trading session, reaching $149.52. About 1.31M shares traded. McKesson Corporation (NYSE:MCK) has declined 6.57% since April 17, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

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. Art Advisors Lc stated it has 585,100 shares. Silvercrest Asset Mgmt reported 1.67 million shares. Pension Service owns 6.95M shares or 0.61% of their US portfolio. Washington Mgmt owns 80,265 shares. 5.05 million were reported by Letko Brosseau & Associates. Los Angeles Capital Equity Rech Inc, California-based fund reported 570,300 shares. Moreover, Northwest Invest Counselors Limited Liability Corporation has 0.61% invested in General Electric Company (NYSE:GE). Btc Inc stated it has 0.33% of its portfolio in General Electric Company (NYSE:GE). 155,713 are owned by Zwj Counsel. Indiana-based Spectrum Mngmt Group Incorporated has invested 0.02% in General Electric Company (NYSE:GE). Perkins Coie owns 75,577 shares for 0.66% of their portfolio. Stonehearth Capital Management Limited holds 0.97% of its portfolio in General Electric Company (NYSE:GE) for 76,212 shares. Cramer Rosenthal Mcglynn Ltd Co reported 8,246 shares. Exxonmobil Inv Mgmt Tx holds 0.66% of its portfolio in General Electric Company (NYSE:GE) for 1.38M shares. Moon Cap Mgmt Llc reported 30,539 shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Friday, July 22 by Standpoint Research. Oppenheimer maintained the stock with “Hold” rating in Monday, July 24 report. The company was downgraded on Monday, October 23 by UBS. Bernstein upgraded General Electric Company (NYSE:GE) on Friday, December 16 to “Outperform” rating. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Monday, October 19 with “Buy” rating. S&P Research maintained the stock with “Buy” rating in Wednesday, October 14 report. The company was downgraded on Wednesday, April 26 by Bank of America. The firm earned “Underweight” rating on Thursday, May 12 by JP Morgan. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Stifel Nicolaus on Tuesday, October 24. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Thursday, October 6. Morgan Stanley has “Equal-Weight” rating and $31 target.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20 before the open. They expect $0.11 earnings per share, down 47.62% or $0.10 from last year’s $0.21 per share. GE’s profit will be $955.19M for 31.33 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Garrison Financial Corp, which manages about $191.27M US Long portfolio, upped its stake in Schwab Us Broad Mkt (SCHB) by 5,055 shares to 26,684 shares, valued at $1.72 million in 2017Q4, according to the filing.

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

Pnc Financial Services Group Inc, which manages about $103.04 billion US Long portfolio, upped its stake in Carpenter Technology Corp (NYSE:CRS) by 90,780 shares to 239,560 shares, valued at $12.21M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (EEM) by 161,225 shares in the quarter, for a total of 10.82 million shares, and has risen its stake in Centurylink Inc (NYSE:CTL).

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 82 analyst reports since July 31, 2015 according to SRatingsIntel. Robert W. Baird upgraded the stock to “Outperform” rating in Tuesday, September 19 report. Needham maintained the stock with “Buy” rating in Monday, October 16 report. Jefferies maintained the stock with “Hold” rating in Tuesday, August 29 report. Mizuho maintained McKesson Corporation (NYSE:MCK) on Thursday, August 11 with “Neutral” rating. The stock of McKesson Corporation (NYSE:MCK) earned “Hold” rating by Zacks on Wednesday, August 26. The company was maintained on Monday, September 21 by Mizuho. The firm earned “Buy” rating on Wednesday, November 1 by Needham. The stock of McKesson Corporation (NYSE:MCK) earned “Sell” rating by Credit Suisse on Monday, December 18. Raymond James downgraded the shares of MCK in report on Tuesday, January 12 to “Mkt Perform” rating. The rating was downgraded by JP Morgan to “Neutral” on Thursday, January 5.

Since December 14, 2017, it had 0 insider buys, and 2 insider sales for $10.61 million activity. 1,413 shares were sold by Lampert Erin M, worth $211,071.

Analysts await McKesson Corporation (NYSE:MCK) to report earnings on May, 17. They expect $3.54 EPS, up 4.42% or $0.15 from last year’s $3.39 per share. MCK’s profit will be $730.44 million for 10.56 P/E if the $3.54 EPS becomes a reality. After $3.41 actual EPS reported by McKesson Corporation for the previous quarter, Wall Street now forecasts 3.81% EPS growth.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.09, from 0.88 in 2017Q3. It dived, as 73 investors sold MCK shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported. D Scott Neal holds 26 shares. Stanley Cap Limited Liability Corp reported 45,700 shares stake. Assetmark Inc, California-based fund reported 5,831 shares. Swiss Bank & Trust stated it has 775,891 shares. Goelzer Investment Mgmt accumulated 0.1% or 5,825 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys holds 0.04% of its portfolio in McKesson Corporation (NYSE:MCK) for 18,648 shares. Alps holds 0.01% of its portfolio in McKesson Corporation (NYSE:MCK) for 5,101 shares. Geode Cap Mgmt Llc owns 2.27M shares. Prudential Public Limited owns 1.16 million shares or 0.55% of their US portfolio. Ally has 23,000 shares. Leisure Capital has invested 0.17% in McKesson Corporation (NYSE:MCK). Sentry Invests has invested 1.67% in McKesson Corporation (NYSE:MCK). Moreover, Boston Advsr Ltd Liability Com has 0.01% invested in McKesson Corporation (NYSE:MCK). Brown Brothers Harriman Communications stated it has 1,646 shares or 0% of all its holdings. Palisade Asset Management Ltd Limited Liability Company accumulated 3,690 shares or 0.09% of the stock.

General Electric Company (NYSE:GE) Institutional Positions Chart

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