As General Electric Co (GE) Share Value Declined, Capital International Investors Has Boosted Its Holding; As Royal Bank Of Canada (RY) Share Value Declined, Shareholder Cohen & Steers Trimmed Its Holding

Thursday, 31 May 2018

As General Electric Co (GE) Share Value Declined, Capital International Investors Has Boosted Its Holding; As Royal Bank Of Canada (RY) Share Value Declined, Shareholder Cohen & Steers Trimmed Its Holding

General Electric Company (NYSE:GE) Logo

Capital International Investors increased its stake in General Electric Co (GE) by 51.02% based on its latest 2018Q1 regulatory filing with the SEC. Capital International Investors bought 3.92M shares as the company’s stock declined 0.14% with the market. The institutional investor held 11.60M shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $156.39M, up from 7.68 million at the end of the previous reported quarter. Capital International Investors who had been investing in General Electric Co for a number of months, seems to be bullish on the $123.07B market cap company. The stock decreased 0.07% or $0.01 during the last trading session, reaching $14.17. About 52.21 million shares traded. General Electric Company (NYSE:GE) has declined 46.78% since May 31, 2017 and is downtrending. It has underperformed by 59.35% the S&P500.

Cohen & Steers Inc decreased its stake in Royal Bank Of Canada (RY) by 20.08% based on its latest 2018Q1 regulatory filing with the SEC. Cohen & Steers Inc sold 7,252 shares as the company’s stock declined 6.00% with the market. The institutional investor held 28,868 shares of the commercial banks company at the end of 2018Q1, valued at $2.23M, down from 36,120 at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Royal Bank Of Canada for a number of months, seems to be less bullish one the $108.63 billion market cap company. The stock increased 1.07% or $0.8 during the last trading session, reaching $75.23. About 977,975 shares traded or 37.30% up from the average. Royal Bank of Canada (NYSE:RY) has risen 9.18% since May 31, 2017 and is uptrending. It has underperformed by 3.39% the S&P500.

Investors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It is positive, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Parsec Fin Mngmt invested in 0.62% or 673,356 shares. Colorado-based Institute For Wealth Management Ltd Company has invested 0.44% in General Electric Company (NYSE:GE). Wellcome (The) As Trustee Of The Wellcome has invested 2.23% in General Electric Company (NYSE:GE). Comm Bancorp has invested 0.24% in General Electric Company (NYSE:GE). The California-based American Assets Invest Mgmt Limited Liability Company has invested 1.15% in General Electric Company (NYSE:GE). Paloma Ptnrs Mngmt holds 75,084 shares. Jaffetilchin Invest Ltd Liability holds 14,948 shares. Ftb Advsr stated it has 0.15% in General Electric Company (NYSE:GE). Covington Capital Mngmt has 0.34% invested in General Electric Company (NYSE:GE). The Missouri-based Cutter And Brokerage Inc has invested 0.12% in General Electric Company (NYSE:GE). Kornitzer Cap Management Ks reported 2.07M shares or 0.48% of all its holdings. Selway Asset Mngmt owns 0.41% invested in General Electric Company (NYSE:GE) for 49,140 shares. Teachers Retirement Of The State Of Kentucky stated it has 948,865 shares. Welch Gp Limited Liability reported 0.02% of its portfolio in General Electric Company (NYSE:GE). Girard holds 49,844 shares or 0.16% of its portfolio.

More notable recent General Electric Company (NYSE:GE) news were published by: Livetradingnews.com which released: “General Electric Company (NYSE:GE) Bullish Divergence” on May 30, 2018, also Seekingalpha.com with their article: “General Electric: Recent Asset Sales Dramatically Increase Risks” published on May 29, 2018, Seekingalpha.com published: “Wabtec and GE Transportation to merge” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE: The Real Problem” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “GE Deflocks From The S&P 500” with publication date: May 25, 2018.

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

Capital International Investors, which manages about $86.51 billion US Long portfolio, decreased its stake in Xilinx Inc (NASDAQ:XLNX) by 1.01 million shares to 1.68M shares, valued at $121.71M in 2018Q1, according to the filing. It also reduced its holding in Hormel Foods Corp (NYSE:HRL) by 600,175 shares in the quarter, leaving it with 10.01M shares, and cut its stake in Netapp Inc (NASDAQ:NTAP).

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 firm has “Sell” rating by Standpoint Research given on Friday, July 22. On Tuesday, November 14 the stock rating was maintained by Bank of America with “Buy”. As per Monday, July 17, the company rating was maintained by Cowen & Co. BMO Capital Markets maintained General Electric Company (NYSE:GE) rating on Thursday, March 23. BMO Capital Markets has “Hold” rating and $67 target. Citigroup initiated the stock with “Buy” rating in Thursday, January 21 report. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, July 21 by TheStreet. The stock has “Market Perform” rating by Bernstein on Tuesday, July 26. On Tuesday, June 7 the stock rating was initiated by Cowen & Co with “Market Perform”. The rating was maintained by S&P Research with “Buy” on Tuesday, October 20. Bank of America downgraded General Electric Company (NYSE:GE) on Monday, January 22 to “Hold” rating.

Cohen & Steers Inc, which manages about $32.69 billion US Long portfolio, upped its stake in Tesoro Logistics Lp by 56,243 shares to 433,136 shares, valued at $19.41M in 2018Q1, according to the filing. It also increased its holding in Lamar Advertising Co (NASDAQ:LAMR) by 531,601 shares in the quarter, for a total of 4.26M shares, and has risen its stake in Blackrock Munienhanced Fund (MEN).

General Electric Company (NYSE:GE) Institutional Positions Chart