Spears Abacus Advisors LLC Holds Stake in General Electric Co (GE)

Spears Abacus Advisors LLC Holds Stake in General Electric Co (GE)

The institutional investor held 47,544 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $901,000, up from 29,844 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in South Jersey Inds Inc for a number of months, seems to be bullish on the $2.35 billion market cap company. About 21.10M shares traded. Dimensional Fund Advsr Limited Partnership reported 0.16% of its capital in General Electric Company (NYSE:GE). It has underperformed by 65.90% the S&P500.

In 2017Q4 Securities and Exchange filling is reported Spears Abacus Advisors Llc's holdings in General Electric Co (GE) which was decreased by 29.77%. First Wilshire Securities Management Inc bought 23,346 shares as the company's stock declined 23.20% with the market. The stock of General Electric Company (NYSE:GE) earned "Hold" rating by Stifel Nicolaus on Sunday, December 10. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.46. GE's profit will be $1.04B for 28.04 P/E if the $0.12 EPS becomes a reality. The conglomerate reported $0.27 EPS for the quarter, missing the Zacks' consensus estimate of $0.28 by ($0.01).

A total of 19 analysts rate General Electric (NYSE:GE) as follows: 3 "Buy", 10 "Hold" and 6 "Sell". Therefore 64% are positive. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, October 23 with "Buy" rating.

General Electric (NYSE:GE) last issued its quarterly earnings results on Wednesday, January 24th. On Friday, January 26 DZ Bank downgraded the shares of GE in report to "Hold" rating. Looking at the stock's movement on the chart, General Electric Company recorded a 52-week high of $30.54. As per Monday, June 12, the company rating was maintained by Cowen & Co. The stock of General Electric Company (NYSE:GE) earned "Perform" rating by Oppenheimer on Monday, September 21. Finally, JPMorgan Chase reaffirmed an "underweight" rating and issued a $14.00 target price (down from $16.00) on shares of General Electric in a research note on Monday, February 12th. On Monday, October 23 the firm earned "Buy" rating by Citigroup. The stock has "Buy" rating by S&P Research on Wednesday, October 14. On Thursday, January 4 the stock has "Hold" rating by Tigress Financial. JP Morgan initiated the shares of SJI in report on Tuesday, June 14 with "Neutral" rating.

Since January 26, 2018, it had 1 buy, and 0 selling transactions for $43,446 activity. (NYSE:SJI). Smithfield Tru owns 1,000 shares. It also reduced its holding in Magna Intl Inc (NYSE:MGA) by 62,842 shares in the quarter, leaving it with 13.56 million shares, and cut its stake in Cdn Natl Railway (NYSE:CNI).

Investors sentiment decreased to 0.5 in 2017 Q4. It has change of 0.19, from 2017Q3's 0.69. 29 funds opened positions while 68 raised stakes. Gamble Jones Counsel, California-based fund reported 105,719 shares.

Waverton Investment Management Ltd cut its stake in shares of General Electric (NYSE:GE) by 58.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. Engineers Gate Manager LP holds 84,360 shares. Hermes Inv Mgmt holds 0.57% or 443,209 shares in its portfolio. F&V Capital Management LLC now owns 279,270 shares of the conglomerate's stock worth $4,873,000 after purchasing an additional 139,145 shares during the last quarter. Osborne Prtnrs Management Ltd Liability Corp has 422,622 shs. Cubic Asset Mngmt Lc holds 223,991 shares or 1.09% of its portfolio.

A down wedge technical pattern General Electric Company (GE) formed. I.G. Investment Management LTD. now owns 3,117,116 shares of the company's stock valued at $98,127,000 after buying an additional 1,956,948 shares during the period. Kelly Lawrence W Associates Ca holds 0.24% of its portfolio in General Electric Company (NYSE:GE) for 76,298 shares. Janney Montgomery Scott LLC now owns 4,570,788 shares of the company's stock valued at $143,184,000 after buying an additional 2,463,672 shares during the period. It turned negative, as 153 investors sold GE shares while 921 reduced holdings. Santori & Peters Inc. bought a new stake in General Electric in the 4th quarter valued at $120,000. Advisor Prns Limited Company has invested 0.24% in General Electric Company (NYSE:GE). Howe And Rusling Inc has 0.02% invested in Ingersoll-Rand Plc (NYSE:IR) for 941 shares. The company's revenue for the quarter was down 5.1% compared to the same quarter previous year. Synovus Finance Corporation holds 896,070 shs or 0.27% of its capital. 194.79 million shares or 3.72% less from 202.31 million shares in 2017Q3 were reported. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 480,093 shares. Oberweis Asset Management Inc owns 145,130 shares or 2.08% of their USA portfolio. After $1.15 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts 2.61% EPS growth.

In recent action, General Electric Company (GE) has made a move of -7.64% over the past month, which has come on Strong relative transaction volume. State Bank Pictet Cie (Asia) Limited owns 3.42% invested in Apple Inc. Tiverton Asset Management Ltd Llc holds 120,273 shares or 0.13% of its portfolio. Private Ocean Limited Company invested 0.01% in General Electric Company (NYSE:GE). Rudman Errol M has invested 1.69% in General Electric Company (NYSE:GE).

Nli International Inc, which manages about $9.21B and $1.25B US Long portfolio, upped its stake in Wal (NYSE:WMT) by 99,460 shares to 192,835 shares, valued at $19.04 million in 2017Q4, according to the filing. Acadian Asset Management LLC boosted its stake in shares of General Electric Company by 61.5% in the third quarter. The company has a market cap of $112,613.02, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.52 and a beta of 1.02.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $909,824 activity.

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