Compton Capital Management Has Decreased Its General Electric Co (GE) Position by $1.69 Million; Orbis Investment Management Maintains Holding in Symantec (SYMC)

April 24, 2018 - By Adrian Erickson

Symantec Corporation (NASDAQ:SYMC) Logo

William B. Gray increased its stake in Symantec Corp (SYMC) by 192.26% based on its latest 2017Q4 regulatory filing with the SEC. Orbis Investment Management bought 285,237 shares as the company’s stock declined 9.92% with the market. The hedge fund run by William B. Gray held 433,598 shares of the prepackaged software company at the end of 2017Q4, valued at $12.17M, up from 148,361 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Symantec Corp for a number of months, seems to be bullish on the $17.15 billion market cap company. The stock decreased 0.61% or $0.17 during the last trading session, reaching $27.59. About 3.43M shares traded. Symantec Corporation (NASDAQ:SYMC) has declined 16.28% since April 24, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Compton Capital Management Inc decreased its stake in General Electric Co (GE) by 47.98% based on its latest 2017Q4 regulatory filing with the SEC. Compton Capital Management Inc sold 99,389 shares as the company’s stock declined 23.20% with the market. The institutional investor held 107,745 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.88M, down from 207,134 at the end of the previous reported quarter. Compton Capital Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.65B market cap company. The stock increased 1.24% or $0.18 during the last trading session, reaching $14.7. About 60.33M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Orbis Investment Management, which manages about $147.38M US Long portfolio, decreased its stake in Alphabet Inc by 1,389 shares to 2,804 shares, valued at $2.95M in 2017Q4, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 7,457 shares in the quarter, leaving it with 16,954 shares, and cut its stake in Wells Fargo Co New (NYSE:WFC).

Investors sentiment increased to 0.92 in Q4 2017. Its up 0.06, from 0.86 in 2017Q3. It increased, as 56 investors sold SYMC shares while 144 reduced holdings. 45 funds opened positions while 139 raised stakes. 548.16 million shares or 4.09% less from 571.53 million shares in 2017Q3 were reported. Tarbox Family Office holds 368 shares or 0% of its portfolio. Oppenheimer Asset Mngmt reported 41,305 shares. Gotham Asset Management Ltd Com reported 0.24% in Symantec Corporation (NASDAQ:SYMC). Toronto Dominion Fincl Bank holds 0.03% or 334,915 shares in its portfolio. Cranbrook Wealth Management Ltd Limited Liability Company holds 0.01% or 672 shares in its portfolio. Mcmillion Capital Mngmt Incorporated reported 84,770 shares. Farmers Merchants Investments accumulated 214 shares. Ontario Teachers Pension Plan Board stated it has 68,849 shares or 0.02% of all its holdings. Vantage Investment Ltd Liability Co has invested 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC). Royal Natl Bank Of Canada holds 0.01% or 869,189 shares. 24,225 were accumulated by Nuwave Inv Mngmt Ltd. 116,564 were reported by Cornerstone Cap Management Limited Liability. Ent Fin Corporation holds 566 shares or 0.01% of its portfolio. Keybank Association Oh stated it has 61,956 shares. Ancora Advsr Limited Liability Corp invested in 0.26% or 175,836 shares.

Since March 5, 2018, it had 0 buys, and 3 insider sales for $2.63 million activity. $1.14 million worth of Symantec Corporation (NASDAQ:SYMC) shares were sold by TAYLOR SCOTT C. Another trade for 51,899 shares valued at $1.38 million was sold by Rosch Francis C.

Among 31 analysts covering Symantec (NASDAQ:SYMC), 10 have Buy rating, 3 Sell and 18 Hold. Therefore 32% are positive. Symantec had 91 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, August 5. The rating was maintained by Piper Jaffray with “Buy” on Friday, October 13. The stock of Symantec Corporation (NASDAQ:SYMC) earned “Equal Weight” rating by Morgan Stanley on Friday, August 21. The company was maintained on Friday, February 5 by M Partners. The stock of Symantec Corporation (NASDAQ:SYMC) has “Hold” rating given on Thursday, November 2 by Stifel Nicolaus. Zacks upgraded the stock to “Sell” rating in Monday, August 17 report. The stock has “Sell” rating by Evercore on Thursday, April 14. On Thursday, June 29 the stock rating was upgraded by Standpoint Research to “Buy”. On Thursday, February 1 the stock rating was maintained by Bank of America with “Underperform”. As per Wednesday, January 31, the company rating was maintained by Piper Jaffray.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dived, 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. Washington Cap Management stated it has 1.4% of its portfolio in General Electric Company (NYSE:GE). Highlander Capital Mgmt Ltd Liability Com stated it has 1.39% in General Electric Company (NYSE:GE). Canandaigua National Bank & Trust Tru Company holds 296,002 shares or 0.93% of its portfolio. Engineers Gate Manager LP holds 0.1% or 84,360 shares in its portfolio. Korea Inv invested in 5.56M shares. Federated Investors Inc Pa owns 216,040 shares. Natixis Asset has 2.99M shares for 5.82% of their portfolio. The Japan-based Meiji Yasuda Asset Management Ltd has invested 0.52% in General Electric Company (NYSE:GE). Menta Limited Liability Company owns 0.1% invested in General Electric Company (NYSE:GE) for 28,274 shares. Plancorp Limited Liability holds 0.73% or 127,967 shares. Clearbridge Limited Liability Com invested 0.01% of its portfolio in General Electric Company (NYSE:GE). Hoertkorn Richard Charles has invested 1.04% in General Electric Company (NYSE:GE). Eaton Vance Management invested in 8.91M shares or 0.38% of the stock. 4.61M were reported by Pictet Asset Management Limited. Beck Mack & Oliver Llc reported 0.1% stake.

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 100 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained the shares of GE in report on Tuesday, July 26 with “Market Perform” rating. The firm has “Hold” rating given on Tuesday, January 23 by UBS. The firm has “Underweight” rating given on Thursday, May 12 by JP Morgan. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Wednesday, October 11 with “Buy” rating. As per Monday, October 23, the company rating was upgraded by Bank of America. The firm has “Outperform” rating by RBC Capital Markets given on Monday, April 24. The firm earned “Market Perform” rating on Monday, April 4 by Bernstein. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, January 30 report. The firm earned “Outperform” rating on Monday, November 30 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, January 4 by Tigress Financial.

Compton Capital Management Inc, which manages about $284.24M and $234.27M US Long portfolio, upped its stake in Ishares Russell 2000 Etf (IWM) by 11,265 shares to 12,725 shares, valued at $1.94 million in 2017Q4, according to the filing.

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

General Electric Company (NYSE:GE) Institutional Positions Chart

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