As General Electric Co (GE) Stock Value Rose, Shareholder Harris Associates LP Raised Position

General Electric Company (NYSE:GE) LogoInvestors sentiment decreased to 0.5 in 2018 Q4. Its down 0.06, from 0.56 in 2018Q3. It turned negative, as 148 investors sold GE shares while 738 reduced holdings. 143 funds opened positions while 301 raised stakes. 4.80 billion shares or 5.74% more from 4.54 billion shares in 2018Q3 were reported. Fairfax Fincl Holding Can has invested 0.59% in General Electric Company (NYSE:GE). Kamunting Street Cap Mngmt Limited Partnership owns 60,000 shares. Matrix Asset Advsrs holds 13,545 shares. 2.34M were accumulated by Alpine Mngmt. Nuwave Invest Mgmt Ltd Company owns 0.08% invested in General Electric Company (NYSE:GE) for 6,016 shares. Moreover, First Wilshire Secs Incorporated has 0.53% invested in General Electric Company (NYSE:GE) for 186,004 shares. Rhumbline Advisers has 13.73M shares. Everett Harris & Communications Ca owns 99,088 shares for 0.02% of their portfolio. Schulhoff Com reported 104,271 shares stake. Cubist Systematic Strategies Limited Liability holds 626,745 shares or 0.22% of its portfolio. Northstar Group reported 0.18% in General Electric Company (NYSE:GE). Adams Asset Ltd Llc owns 62,988 shares. Litman Gregory Asset Management Llc reported 2,310 shares or 0.01% of all its holdings. Moreover, Alps Advsrs has 0.01% invested in General Electric Company (NYSE:GE). New York-based Two Sigma Ltd Liability has invested 0% in General Electric Company (NYSE:GE).

Since November 1, 2018, it had 3 buys, and 0 insider sales for $2.78 million activity. DIMITRIEF ALEXANDER bought $94,800 worth of General Electric Company (NYSE:GE) on Tuesday, November 6. DSOUZA FRANCISCO also bought $499,200 worth of General Electric Company (NYSE:GE) on Wednesday, November 14.

Harris Associates LP increased its stake in General Electric Co (GE) by 35.09% based on its latest 2018Q4 regulatory filing with the SEC. Harris Associates LP bought 31.63M shares as the company’s stock rose 39.52% with the market. The hedge fund held 121.78M shares of the consumer electronics and appliances company at the end of 2018Q4, valued at $921.90M, up from 90.15M at the end of the previous reported quarter. Harris Associates LP who had been investing in General Electric Co for a number of months, seems to be bullish on the $86.70B market cap company. The stock decreased 3.30% or $0.34 during the last trading session, reaching $9.96. About 189.19 million shares traded or 55.67% up from the average. General Electric Company (NYSE:GE) has declined 22.98% since March 17, 2018 and is downtrending. It has underperformed by 27.35% the S&P500.

Harris Associates L P, which manages about $49.57B US Long portfolio, decreased its stake in Unilever Plc (NYSE:UL) by 7.32M shares to 781,436 shares, valued at $40.83 million in 2018Q4, according to the filing. It also reduced its holding in Qorvo Inc by 322,371 shares in the quarter, leaving it with 761,259 shares, and cut its stake in Medtronic Plc (NYSE:MDT).

More notable recent General Electric Company (NYSE:GE) news were published by: Fool.com which released: “What the GE-Danaher Deal Means to Both Sets of Investors – The Motley Fool” on March 08, 2019, also Seekingalpha.com with their article: “General Electric: The Deed Is Done – Seeking Alpha” published on March 01, 2019, Streetinsider.com published: “General Electric (GE) Moves From Finding The Bottom To Recovery – UBS – StreetInsider.com” on March 15, 2019. More interesting news about General Electric Company (NYSE:GE) were released by: Benzinga.com and their article: “Junk Bond Fund Outflow: Cause For Concern? (NYSE:HYG)(NYSE:GE) – Benzinga” published on March 15, 2019 as well as Fool.com‘s news article titled: “General Electric’s Stock: The Bull vs. The Bear – Motley Fool” with publication date: February 22, 2019.

General Electric Company (NYSE:GE) Ratings Coverage

Among 15 analysts covering General Electric (NYSE:GE), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. General Electric had 41 analyst reports since September 28, 2018 according to SRatingsIntel. RBC Capital Markets upgraded General Electric Company (NYSE:GE) on Tuesday, October 2 to “Outperform” rating. Gordon Haskett Capital Corporation maintained it with “Sell” rating and $7 target in Wednesday, March 6 report. The company was maintained on Monday, March 4 by Citigroup. The rating was maintained by Citigroup on Tuesday, October 30 with “Buy”. JP Morgan upgraded the shares of GE in report on Thursday, December 13 to “Neutral” rating. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Daiwa Securities on Friday, March 15. The company was maintained on Thursday, March 14 by RBC Capital Markets. As per Tuesday, March 12, the company rating was maintained by J.P. Morgan. The stock has “Hold” rating by J.P. Morgan on Wednesday, February 27. The stock has “Buy” rating by Citigroup on Monday, March 11.

General Electric Company (NYSE:GE) Institutional Positions Chart

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