Jacobs & Co Lowered Holding in General Electric (GE) as Share Value Declined; Nordstrom (JWN) Position Lifted by Advisory Services Network Llc

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Advisory Services Network Llc increased its stake in Nordstrom Inc (JWN) by 532.08% based on its latest 2017Q4 regulatory filing with the SEC. Advisory Services Network Llc bought 17,085 shares as the company’s stock declined 0.36% with the market. The institutional investor held 20,296 shares of the consumer services company at the end of 2017Q4, valued at $962,000, up from 3,211 at the end of the previous reported quarter. Advisory Services Network Llc who had been investing in Nordstrom Inc for a number of months, seems to be bullish on the $8.66 billion market cap company. The stock increased 3.86% or $1.92 during the last trading session, reaching $51.6. About 2.40M shares traded or 30.52% up from the average. Nordstrom, Inc. (NYSE:JWN) has risen 11.56% since April 30, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Jacobs & Co decreased its stake in General Electric (GE) by 28.43% based on its latest 2017Q4 regulatory filing with the SEC. Jacobs & Co sold 77,357 shares as the company’s stock declined 23.20% with the market. The institutional investor held 194,728 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.40M, down from 272,085 at the end of the previous reported quarter. Jacobs & Co who had been investing in General Electric for a number of months, seems to be less bullish one the $124.87B market cap company. It closed at $14.38 lastly. It is down 54.35% since April 30, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Since April 11, 2018, it had 0 insider purchases, and 6 sales for $2.14 million activity. $509,300 worth of stock was sold by Meden Scott A on Friday, April 27. Deputy Christine also sold $398,140 worth of Nordstrom, Inc. (NYSE:JWN) on Thursday, April 12.

Advisory Services Network Llc, which manages about $620.88M and $1.15B US Long portfolio, decreased its stake in Qorvo Inc by 5,789 shares to 467 shares, valued at $31,000 in 2017Q4, according to the filing. It also reduced its holding in Vaneck Vectors Etf Tr by 29,787 shares in the quarter, leaving it with 30,831 shares, and cut its stake in Stmicroelectronics N V (NYSE:STM).

Among 31 analysts covering Nordstrom Inc. (NYSE:JWN), 6 have Buy rating, 6 Sell and 19 Hold. Therefore 19% are positive. Nordstrom Inc. had 116 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, November 13. KeyBanc Capital Markets maintained it with “Buy” rating and $55.0 target in Wednesday, August 30 report. As per Friday, November 13, the company rating was maintained by Topeka Capital Markets. The company was upgraded on Tuesday, July 26 by PiperJaffray. The company was downgraded on Wednesday, September 13 by Gordon Haskett. The stock of Nordstrom, Inc. (NYSE:JWN) has “Hold” rating given on Monday, August 7 by Piper Jaffray. The stock has “Underweight” rating by JP Morgan on Friday, December 16. Morgan Stanley downgraded Nordstrom, Inc. (NYSE:JWN) rating on Thursday, January 7. Morgan Stanley has “Underweight” rating and $45 target. Robert W. Baird maintained the stock with “Neutral” rating in Friday, March 2 report. The firm has “Buy” rating given on Tuesday, September 15 by Stifel Nicolaus.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.18, from 1.14 in 2017Q3. It fall, as 68 investors sold JWN shares while 144 reduced holdings. 60 funds opened positions while 144 raised stakes. 92.34 million shares or 3.76% more from 88.99 million shares in 2017Q3 were reported. First Advsr Ltd Partnership holds 71,926 shares. Blair William And Il has 257,604 shares for 0.08% of their portfolio. Brandywine Glob Investment Mgmt Limited Company holds 0.05% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 187,378 shares. Deutsche Bankshares Ag stated it has 558,696 shares. 24,656 were accumulated by Norinchukin Bank The. Dekabank Deutsche Girozentrale owns 14,237 shares. Gradient Invests Lc holds 112 shares or 0% of its portfolio. Btim Corporation accumulated 137,996 shares. Baldwin Brothers Inc Ma holds 0% or 75 shares. Hightower Ltd Liability Corp holds 0.02% of its portfolio in Nordstrom, Inc. (NYSE:JWN) for 42,045 shares. 100 are owned by Burt Wealth. Eaton Vance Mngmt reported 0% of its portfolio in Nordstrom, Inc. (NYSE:JWN). State Of Wisconsin Board invested in 247,240 shares. Moreover, Balyasny Asset Ltd Liability has 0% invested in Nordstrom, Inc. (NYSE:JWN) for 6,753 shares. Freestone Cap Limited Liability Company holds 99,493 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 101 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $15 target in Friday, April 27 report. The firm has “Sell” rating by Deutsche Bank given on Friday, May 12. The rating was downgraded by Bank of America on Wednesday, April 26 to “Neutral”. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The firm earned “Hold” rating on Sunday, December 10 by Stifel Nicolaus. Credit Suisse upgraded the stock to “Focus List” rating in Wednesday, September 16 report. The rating was maintained by Deutsche Bank on Monday, September 11 with “Sell”. TheStreet downgraded the shares of GE in report on Wednesday, August 26 to “Buy” rating. RBC Capital Markets maintained it with “Hold” rating and $16.0 target in Monday, February 26 report. The firm has “Hold” rating given on Monday, August 7 by Cowen & Co.

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

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It worsened, 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. Shell Asset Mngmt Comm invested in 911,334 shares. Fulton Fincl Bank Na stated it has 130,286 shares. Adirondack Trust reported 0.74% in General Electric Company (NYSE:GE). Tiemann Advisors Limited Liability Co owns 21,556 shares or 0.3% of their US portfolio. Glovista Invs Limited Liability stated it has 0.15% of its portfolio in General Electric Company (NYSE:GE). Fenimore Asset Mgmt has 0.03% invested in General Electric Company (NYSE:GE) for 43,066 shares. Natixis Asset Management has 5.82% invested in General Electric Company (NYSE:GE). Rockefeller Service has invested 0.11% in General Electric Company (NYSE:GE). Ibm Retirement Fund invested in 0.74% or 229,066 shares. Cubist Systematic Strategies Lc holds 0.31% or 331,778 shares in its portfolio. First Corporation In invested 0.75% of its portfolio in General Electric Company (NYSE:GE). The Washington-based Parametric Port Associate Ltd Com has invested 0.23% in General Electric Company (NYSE:GE). 10,491 are owned by Cornercap Inv Counsel. Benjamin F Edwards & Com reported 0.31% stake. Union Bankshares Corp has 60,461 shares for 0.33% of their portfolio.

General Electric Company (NYSE:GE) Institutional Positions Chart