General Electric Co (GE) Shareholder Whalerock Point Partners Has Trimmed Its Stake by $422,357 as Stock Value Declined; Meyer Handelman Co Raised Qualcomm Com (QCOM) Position by $918,500

August 12, 2018 - By Pearl Odom

General Electric Company (NYSE:GE) Logo

Whalerock Point Partners Llc decreased its stake in General Electric Co (GE) by 62.56% based on its latest 2018Q1 regulatory filing with the SEC. Whalerock Point Partners Llc sold 32,489 shares as the company’s stock declined 0.14% with the market. The institutional investor held 19,447 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $262,000, down from 51,936 at the end of the previous reported quarter. Whalerock Point Partners Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $110.99B market cap company. The stock decreased 1.31% or $0.17 during the last trading session, reaching $12.77. About 48.45 million shares traded. General Electric Company (NYSE:GE) has declined 46.78% since August 12, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 06/03/2018 – Netflix is worth more than GE or Ford, and it’s creeping up on Disney; 09/04/2018 – CAFC: OLEKSY v. GENERAL ELECTRIC COMPANY [RULE 36 JUDGMENT] – Appeal #17-2225 – 2018-04-09; 03/05/2018 – MapAnything and ServiceMax from GE Digital Collaborate to Improve Field Service Response and Delivery Times; 20/04/2018 – General Electric 1Q Aviation Rev $7.11B; 12/04/2018 – GE Readies Restatement, Earnings as Wary Investors Seek Answers; 12/04/2018 – GE CAPITAL AVIATION- CO AND SUBSIDIARY PK AIRFINANCE CONCLUDES AIRCRAFT FINANCING TRANSACTION COVERING 51 AIRCRAFT OPERATED BY LION AIR GROUP; 25/04/2018 – GE SHAREHOLDER MEETING BEGINS IN PENNSYLVANIA; 20/04/2018 – GE – POWER AND OIL & GAS INDUSTRIES CONTINUE TO BE CHALLENGING; 23/05/2018 – Blackbaud World Headquarters Showcases the Future of Intelligent Lighting for Commercial Offices; 12/04/2018 – GE Capital has “zero equity value,” according to Bank of America Merrill Lynch

Meyer Handelman Co increased its stake in Qualcomm Inc Com (QCOM) by 7.57% based on its latest 2018Q1 regulatory filing with the SEC. Meyer Handelman Co bought 16,700 shares as the company’s stock declined 10.48% with the market. The institutional investor held 237,200 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $13.14M, up from 220,500 at the end of the previous reported quarter. Meyer Handelman Co who had been investing in Qualcomm Inc Com for a number of months, seems to be bullish on the $95.23B market cap company. The stock decreased 0.40% or $0.26 during the last trading session, reaching $64.82. About 6.74M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since August 12, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 16/03/2018 – QUALCOMM DIRECTOR PAUL JACOBS WON’T BE RE-NOMINATED TO QUALCOMM; 12/03/2018 – Broadcom-Qualcomm tensions rise Tensions […]; 13/03/2018 – Yahoo! Finance: Broadcom to end bid for Qualcomm, keeps plan to move to US; 18/04/2018 – ganadineroamerica: Qualcomm begins layoffs as part of cost cuts: Bloomberg (Reuters) – Chipmaker Qualcomm Inc has begun cutting; 12/03/2018 – Jennifer Jacobs: BREAKING: Trump issues order to block Qualcomm takeover by Broadcom; 21/03/2018 – Goertek’s Next-Generation VR HMD Reference Design in Partnership with Qualcomm Highlighted at 2018 GDC; 19/04/2018 – QUALCOMM SAYS CO’S UNIT, NXP TO AMEND SOME RESTRICTIONS RELATED TO CONDUCT, OPERATIONS OF NXP PRIOR TO THE EARLIER OF TERMINATION OF PURCHASE AGREEMENT; 05/03/2018 – Washington orders Qualcomm delay; 25/04/2018 – Correct: Qualcomm 2Q EPS 24c; 09/03/2018 – Broadcom Makes Its Case to Lawmakers in Qualcomm Bid–Update

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE – Work In Progress, Lots Of Work” on July 22, 2018, also Seekingalpha.com with their article: “The Dismantling Of GE” published on July 25, 2018, Seekingalpha.com published: “GE/Safran: A Jet-Engine Pure-Play” on July 22, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: The Gift That Keeps On Giving” published on July 30, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric: Stop The Madness” with publication date: August 06, 2018.

Whalerock Point Partners Llc, which manages about $651.31 million and $312.13M US Long portfolio, upped its stake in Blackrock Inc (NYSE:BLK) by 1,225 shares to 3,863 shares, valued at $2.09 million in 2018Q1, according to the filing. It also increased its holding in Ishares Msci Emerging Markets (EEM) by 7,210 shares in the quarter, for a total of 52,643 shares, and has risen its stake in Amgen Inc (NASDAQ:AMGN).

Since July 24, 2018, it had 1 insider purchase, and 0 selling transactions for $2.49 million activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on October, 19. They expect $0.22 earnings per share, down 24.14% or $0.07 from last year’s $0.29 per share. GE’s profit will be $1.91 billion for 14.51 P/E if the $0.22 EPS becomes a reality. After $0.19 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 15.79% EPS growth.

Investors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It increased, 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. Toth Advisory reported 203,159 shares. Pitcairn Co owns 49,928 shares. First Allied Advisory Services Incorporated accumulated 343,207 shares or 0.18% of the stock. Pinnacle Financial reported 0.23% in General Electric Company (NYSE:GE). Iron Finance Limited Liability Corporation reported 13,596 shares. Usca Ria has 126,096 shares for 0.19% of their portfolio. Shapiro Capital Ltd Liability Company stated it has 19,867 shares or 0% of all its holdings. American Bank & Trust invested in 49,227 shares or 0.19% of the stock. Martin & Inc Tn holds 0.31% or 69,079 shares. 388,296 are owned by Cetera Advisor Networks Limited Liability Corp. Norman Fields Gottscho Capital Management Limited Com accumulated 23,550 shares or 0.17% of the stock. Cardinal Capital Incorporated has invested 0% in General Electric Company (NYSE:GE). Private Asset Management Inc stated it has 340,854 shares or 0.79% of all its holdings. Com Of Vermont reported 0.3% in General Electric Company (NYSE:GE). Hoertkorn Richard Charles stated it has 0.58% in General Electric Company (NYSE:GE).

Among 29 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. General Electric Company had 110 analyst reports since July 21, 2015 according to SRatingsIntel. Vertical Research maintained the stock with “Hold” rating in Tuesday, January 16 report. Langenberg upgraded it to “Buy” rating and $25 target in Monday, November 13 report. As per Monday, October 30, the company rating was maintained by Deutsche Bank. The rating was initiated by Citigroup on Thursday, January 21 with “Buy”. The firm earned “Outperform” rating on Monday, April 24 by RBC Capital Markets. The stock has “Hold” rating by Oppenheimer on Monday, June 12. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Friday, July 22 by Standpoint Research. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Thursday, February 15 with “Hold” rating. RBC Capital Markets maintained the shares of GE in report on Thursday, March 23 with “Positive” rating. CFRA downgraded the stock to “Hold” rating in Friday, July 21 report.

Meyer Handelman Co, which manages about $1.97B and $1.96B US Long portfolio, decreased its stake in Avis Budget Group (NASDAQ:CAR) by 16,925 shares to 80,000 shares, valued at $3.75 million in 2018Q1, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 4,200 shares in the quarter, leaving it with 279,897 shares, and cut its stake in Ppg Inds Inc (NYSE:PPG).

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 160 analyst reports since July 23, 2015 according to SRatingsIntel. Argus Research maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, January 14. Argus Research has “Buy” rating and $70 target. The firm earned “Outperform” rating on Monday, August 6 by Cowen & Co. As per Thursday, July 23, the company rating was maintained by Stifel Nicolaus. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Tuesday, March 13 by Canaccord Genuity. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Friday, April 13 by RBC Capital Markets. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Thursday, July 21 by Stifel Nicolaus. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by RBC Capital Markets on Thursday, November 5. Canaccord Genuity maintained it with “Buy” rating and $75 target in Wednesday, October 12 report. On Monday, November 13 the stock rating was maintained by Canaccord Genuity with “Buy”. Mizuho maintained the shares of QCOM in report on Thursday, November 5 with “Neutral” rating.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It worsened, as 104 investors sold QCOM shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported. Alexandria Limited Liability Corporation holds 0.08% or 10,000 shares. Perkins Coie Tru reported 36,780 shares or 1.01% of all its holdings. Moreover, Victory Capital Mngmt has 0% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 22,855 shares. Mutual Of America Cap Mgmt Limited Liability has 189,285 shares. Moreover, Insight 2811 has 0.62% invested in QUALCOMM Incorporated (NASDAQ:QCOM). M Securities reported 16,047 shares or 0.27% of all its holdings. 15,785 are held by Duff Phelps Mgmt. Old Dominion Capital Management Inc holds 14,261 shares or 0.74% of its portfolio. 31,766 were reported by Rice Hall James & Associates Ltd Limited Liability Company. Bryn Mawr Tru Com owns 109,430 shares for 0.35% of their portfolio. Td Asset owns 902,095 shares for 0.08% of their portfolio. Nuwave Investment Management Lc holds 0.25% or 2,868 shares in its portfolio. Perigon Wealth Management Ltd holds 0.01% or 253 shares. Cambridge Investment Research Advsr Inc reported 98,785 shares. Apg Asset Mgmt Nv has 0.07% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 780,510 shares.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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