Sunbelt Securities Has Lowered Its Position in General Electric Co (GE) as Stock Price Declined; Apple (AAPL) Holding Boosted by Roof Eidam & Maycock

May 27, 2018 - By Dolores Ford

General Electric Company (NYSE:GE) Logo

Roof Eidam & Maycock increased its stake in Apple Inc (AAPL) by 20.56% based on its latest 2017Q4 regulatory filing with the SEC. Roof Eidam & Maycock bought 3,672 shares as the company’s stock declined 3.81% with the market. The institutional investor held 21,536 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.65 million, up from 17,864 at the end of the previous reported quarter. Roof Eidam & Maycock who had been investing in Apple Inc for a number of months, seems to be bullish on the $926.90B market cap company. The stock increased 0.23% or $0.43 during the last trading session, reaching $188.58. About 15.45M 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.

Sunbelt Securities Inc decreased its stake in General Electric Co (GE) by 73.83% based on its latest 2017Q4 regulatory filing with the SEC. Sunbelt Securities Inc sold 35,940 shares as the company’s stock declined 23.20% with the market. The institutional investor held 12,737 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $222,000, down from 48,677 at the end of the previous reported quarter. Sunbelt Securities Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.07B market cap company. The stock increased 0.21% or $0.03 during the last trading session, reaching $14.63. About 49.70 million 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.

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 $1.56 billion for 20.32 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.

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

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. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by RBC Capital Markets on Friday, September 15. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 23. The stock of General Electric Company (NYSE:GE) earned “Market Perform” rating by Bernstein on Tuesday, July 26. CFRA downgraded the shares of GE in report on Friday, July 21 to “Hold” rating. The firm earned “Outperform” rating on Thursday, October 5 by Credit Suisse. As per Monday, April 9, the company rating was maintained by J.P. Morgan. The rating was maintained by Argus Research with “Buy” on Wednesday, December 23. As per Tuesday, October 24, the company rating was downgraded by Stifel Nicolaus. Oppenheimer maintained General Electric Company (NYSE:GE) on Monday, July 24 with “Hold” rating. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Credit Suisse on Wednesday, April 12.

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 Marketwatch.com with their article: “GE’s stock selloff started from ‘irrational’ level, analyst says” published on May 24, 2018, Livetradingnews.com published: “General Electric Company (NYSE:GE) Stock Worth Watching” on May 25, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Benzinga.com and their article: “GE Shares Reverse Course On Conflicting Dividend Reports” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Exhaustion In A Corporate Restructuring” with publication date: May 21, 2018.

Sunbelt Securities Inc, which manages about $158.18 million and $102.83 million US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 4,656 shares to 18,753 shares, valued at $1.57M in 2017Q4, according to the filing. It also increased its holding in Citigroup Inc (NYSE:C) by 4,490 shares in the quarter, for a total of 11,989 shares, and has risen its stake in Ishares Tr (IVV).

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. Mackenzie reported 6.48 million shares. 3.78 million are owned by First Republic Inv Incorporated. Azimuth Mngmt Limited Liability Corporation owns 489,448 shares or 0.62% of their US portfolio. Bremer Tru National Association owns 52,078 shares. National Bank Of Nova Scotia owns 3.00M shares. Atwood And Palmer Inc owns 0.07% invested in General Electric Company (NYSE:GE) for 27,489 shares. 17,900 were reported by Baldwin Invest Management Llc. 49,858 were accumulated by Roberts Glore & Incorporated Il. Everett Harris And Ca accumulated 950,107 shares. The Ohio-based Gateway Invest Advisers Limited Com has invested 0.72% in General Electric Company (NYSE:GE). Vnbtrust Natl Association holds 0.33% or 32,424 shares in its portfolio. Amer Century reported 16.03 million shares or 0.28% of all its holdings. Asset owns 8,300 shares. Alpha Cubed Invs Ltd Liability Co holds 42,795 shares. Qcm Cayman Limited accumulated 10,431 shares or 0.75% of the stock.

Since December 7, 2017, it had 0 insider buys, and 10 sales for $47.05 million activity. Maestri Luca sold $6.83M worth of stock. $6.51M worth of stock was sold by LEVINSON ARTHUR D on Wednesday, May 9. WILLIAMS JEFFREY E had sold 15,653 shares worth $2.90 million on Tuesday, May 8. The insider KONDO CHRIS sold $910,129. On Thursday, May 3 AHRENDTS ANGELA J sold $6.75M worth of Apple Inc. (NASDAQ:AAPL) or 38,228 shares. Shares for $11.56M were sold by SCHILLER PHILIP W on Tuesday, April 3.

Investors sentiment increased to 0.73 in 2017 Q4. Its up 0.03, from 0.7 in 2017Q3. It is positive, 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. Chase Invest Counsel Corp invested in 2.31% or 25,930 shares. Wespac Advsr Limited Liability Corp holds 0.64% or 4,085 shares. Indiana-based Donaldson Cap Management has invested 4.35% in Apple Inc. (NASDAQ:AAPL). 14,315 were accumulated by Cliftonlarsonallen Wealth Advisors. Eagle Limited Liability Company holds 209,381 shares or 1.11% of its portfolio. Chesley Taft And Assocs Ltd Liability Corporation owns 120,675 shares. Berson & Corrado Investment Advisors Llc invested in 4,126 shares. Santa Barbara Asset Management Ltd Liability Corporation has 1.70M shares. Beacon Gru invested 0.95% of its portfolio in Apple Inc. (NASDAQ:AAPL). Paragon Management Ltd has invested 0.62% of its portfolio in Apple Inc. (NASDAQ:AAPL). Massachusetts-based Aureus Asset Mgmt Limited Liability Company has invested 2.59% in Apple Inc. (NASDAQ:AAPL). Moreover, Anderson Hoagland And Co has 1.96% invested in Apple Inc. (NASDAQ:AAPL) for 19,650 shares. Benin Corp accumulated 27,607 shares or 1.87% of the stock. Ally stated it has 3.1% in Apple Inc. (NASDAQ:AAPL). Company Of Vermont owns 160,251 shares.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Corporate Buybacks: The Dividend Growth Investor’s Best Friend” on May 25, 2018, also Fool.com with their article: “Apple Proves That Even a $900 Billion Company Can Be Quick on Its Feet” published on May 27, 2018, Seekingalpha.com published: “Apple’s Dividend: An Opportunity Wasted” on May 15, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Thursday’s Vital Data: Facebook, Inc. (FB), Apple Inc. (AAPL) and Alibaba Group Holding Ltd (BABA)” published on May 17, 2018 as well as Bizjournals.com‘s news article titled: “Apple’s ties to Triangle run through Raleigh, Durham” with publication date: May 25, 2018.

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. RBC Capital Markets maintained the stock with “Buy” rating in Friday, November 3 report. Citigroup maintained the shares of AAPL in report on Wednesday, August 2 with “Buy” rating. The rating was maintained by BMO Capital Markets on Wednesday, July 27 with “Outperform”. Brean Capital maintained it with “Buy” rating and $125 target in Wednesday, July 27 report. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, November 3. The firm has “Buy” rating given on Wednesday, March 28 by RBC Capital Markets. The firm earned “Hold” rating on Monday, February 12 by Wells Fargo. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by RBC Capital Markets on Wednesday, April 27. The stock has “Hold” rating by Credit Suisse on Monday, August 21. The firm has “Outperform” rating by Bernstein given on Tuesday, March 21.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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