Sandy Spring Bank Has Decreased Its General Electric Company (GE) Stake by $1.58 Million as Stock Declined; Merck & Co New (MRK) Stock Declined While Centurylink Investment Management Company Has Lowered Position

May 18, 2018 - By Ellis Scott

General Electric Company (NYSE:GE) Logo

Centurylink Investment Management Company decreased its stake in Merck & Co Inc New (MRK) by 13.19% based on its latest 2017Q4 regulatory filing with the SEC. Centurylink Investment Management Company sold 7,298 shares as the company’s stock declined 4.63% with the market. The institutional investor held 48,045 shares of the health care company at the end of 2017Q4, valued at $2.70 million, down from 55,343 at the end of the previous reported quarter. Centurylink Investment Management Company who had been investing in Merck & Co Inc New for a number of months, seems to be less bullish one the $158.92B market cap company. The stock decreased 1.14% or $0.68 during the last trading session, reaching $59.07. About 7.85M shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 14.94% since May 18, 2017 and is downtrending. It has underperformed by 26.49% the S&P500.

Sandy Spring Bank decreased its stake in General Electric Company (GE) by 44.37% based on its latest 2017Q4 regulatory filing with the SEC. Sandy Spring Bank sold 92,908 shares as the company’s stock declined 23.20% with the market. The institutional investor held 116,463 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.03 million, down from 209,371 at the end of the previous reported quarter. Sandy Spring Bank who had been investing in General Electric Company for a number of months, seems to be less bullish one the $130.54 billion market cap company. It closed at $15.03 lastly. It is down 54.35% since May 18, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Analysts await Merck & Co., Inc. (NYSE:MRK) to report earnings on July, 27. They expect $1.04 earnings per share, up 2.97% or $0.03 from last year’s $1.01 per share. MRK’s profit will be $2.80B for 14.20 P/E if the $1.04 EPS becomes a reality. After $1.05 actual earnings per share reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts -0.95% negative EPS growth.

Centurylink Investment Management Company, which manages about $18.36 billion and $283.23 million US Long portfolio, upped its stake in General Elec Co (NYSE:GE) by 91,442 shares to 173,149 shares, valued at $3.02 million in 2017Q4, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 65,843 shares in the quarter, for a total of 137,927 shares, and has risen its stake in Zynga Inc (NASDAQ:ZNGA).

More notable recent Merck & Co., Inc. (NYSE:MRK) news were published by: Seekingalpha.com which released: “Congo’s Ebola outbreak in ‘new phase'” on May 17, 2018, also Seekingalpha.com with their article: “Rounds Report: Eiger Moved Northbound While Spectrum Rallied Strongly Due To ADVANCE Trial Results” published on May 18, 2018, Streetinsider.com published: “Merck (MRK) option implied volatility, to present new Keytruda data at ASCO” on May 17, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) were released by: Streetinsider.com and their article: “Dr. Roger Dansey Departure at Merck (MRK) an ‘Incrementally Negative’ – BMO” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Merck: Getting Stronger” with publication date: May 04, 2018.

Among 24 analysts covering Merck & Co. Inc. (NYSE:MRK), 21 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Merck & Co. Inc. had 90 analyst reports since August 13, 2015 according to SRatingsIntel. As per Thursday, January 12, the company rating was upgraded by Guggenheim. The firm earned “Equal-Weight” rating on Monday, October 30 by Barclays Capital. Barclays Capital maintained the shares of MRK in report on Friday, September 9 with “Overweight” rating. On Thursday, April 26 the stock rating was maintained by BMO Capital Markets with “Outperform”. The rating was upgraded by Jefferies on Tuesday, October 31 to “Hold”. BMO Capital Markets maintained Merck & Co., Inc. (NYSE:MRK) on Tuesday, June 6 with “Buy” rating. The company was downgraded on Wednesday, January 27 by Bank of America. The rating was upgraded by Citigroup on Wednesday, October 18 to “Buy”. The stock of Merck & Co., Inc. (NYSE:MRK) has “Market Perform” rating given on Monday, July 18 by BMO Capital Markets. The company was maintained on Monday, October 30 by UBS.

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.12, from 1.06 in 2017Q3. It fall, as 94 investors sold MRK shares while 631 reduced holdings. 123 funds opened positions while 558 raised stakes. 1.93 billion shares or 1.34% less from 1.96 billion shares in 2017Q3 were reported. Sumitomo Mitsui Tru Inc stated it has 0.59% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Front Barnett Limited Liability, a Illinois-based fund reported 3,953 shares. Bsw Wealth Ptnrs holds 4,772 shares or 0.11% of its portfolio. Moreover, Stewart & Patten Co Ltd Liability has 0.08% invested in Merck & Co., Inc. (NYSE:MRK). Waverton Inv Management Limited invested in 16,240 shares or 0.05% of the stock. Moreover, Cap Interest Sarl has 0.3% invested in Merck & Co., Inc. (NYSE:MRK) for 56,800 shares. Barrett Asset Ltd Liability Corporation reported 101,583 shares. South Texas Money Mgmt stated it has 1.63% in Merck & Co., Inc. (NYSE:MRK). Hendershot Invests invested 0.24% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Baker Ellis Asset Ltd Com stated it has 0.41% of its portfolio in Merck & Co., Inc. (NYSE:MRK). Camarda Advisors Llc stated it has 15,904 shares. Town And Country Bancorporation And Tru Dba First Bankers Tru reported 1.78% in Merck & Co., Inc. (NYSE:MRK). Twin Capital Mgmt Inc has invested 0.73% in Merck & Co., Inc. (NYSE:MRK). Kayne Anderson Rudnick Invest Ltd Llc stated it has 82,084 shares. Amer Int Group reported 9.15M shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “GE, Teradyne urge Trump administration to ditch Chinese tariffs” on May 16, 2018, also Seekingalpha.com with their article: “General Electric: Finally, It’s Over” published on April 23, 2018, Marketwatch.com published: “GE’s stock survived the battle of the ‘breakaway gap,’ and that may have won bulls the war” on May 11, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE Is No Bargain At $14” published on May 02, 2018 as well as Businesswire.com‘s news article titled: “GE Unveils Cross-Fleet Gas Turbine Capabilities That Can Increase Performance and Reliability of Other OEM Fleets” with publication date: May 16, 2018.

Since January 26, 2018, it had 1 insider purchase, and 0 selling transactions 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. Becker Inc stated it has 2.51M shares. Adell Harriman And Carpenter owns 40,146 shares. Kingfisher Cap Limited Co holds 0.29% or 25,906 shares. 82,426 are owned by Invsts Asset Management Of Georgia Ga Adv. Legacy Private Tru stated it has 0.18% of its portfolio in General Electric Company (NYSE:GE). Jane Street Ltd Llc invested in 2.06 million shares. Calamos Advsrs Ltd Liability holds 2.82M shares. Moreover, Greenleaf Trust has 0.02% invested in General Electric Company (NYSE:GE). Moreover, Washington Trust Communications has 0.23% invested in General Electric Company (NYSE:GE) for 229,408 shares. Fidelity National Fincl invested 0.87% in General Electric Company (NYSE:GE). Community Tru And Investment holds 0.07% or 30,635 shares in its portfolio. Bank Of Montreal Can invested in 0.17% or 11.34 million shares. Lincoln accumulated 317,457 shares. Bonness Entertainment has 1.95% invested in General Electric Company (NYSE:GE). Moreover, Norris Perne & French Llp Mi has 0.03% invested in General Electric Company (NYSE:GE).

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 has $67 highest and $1100 lowest target. $24.91’s average target is 65.74% above currents $15.03 stock price. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) has “Neutral” rating given on Wednesday, April 26 by Bank of America. J.P. Morgan maintained the stock with “Sell” rating in Monday, April 9 report. Morgan Stanley maintained General Electric Company (NYSE:GE) on Thursday, October 6 with “Equal-Weight” rating. Citigroup initiated General Electric Company (NYSE:GE) on Thursday, January 21 with “Buy” rating. Cowen & Co maintained the shares of GE in report on Monday, August 7 with “Hold” rating. On Monday, September 21 the stock rating was downgraded by Oppenheimer to “Perform”. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, February 26. RBC Capital Markets has “Hold” rating and $16.0 target. Oppenheimer maintained General Electric Company (NYSE:GE) on Monday, June 12 with “Hold” rating. The stock has “Outperform” rating by RBC Capital Markets on Monday, October 19. The firm has “Buy” rating by Stifel Nicolaus given on Monday, October 19.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.88 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Sandy Spring Bank, which manages about $1.10 billion US Long portfolio, upped its stake in Quanta Services Inc (NYSE:PWR) by 36,545 shares to 61,855 shares, valued at $2.42M in 2017Q4, according to the filing. It also increased its holding in Tjx Companies Inc. (NYSE:TJX) by 4,521 shares in the quarter, for a total of 42,206 shares, and has risen its stake in Ishares Core S&P Value Etf (IUSV).

Merck & Co., Inc. (NYSE:MRK) Institutional Positions Chart

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