Warren Averett Asset Management Has Trimmed Amgen (AMGN) Position; General Electric Co (GE) Has 0.55 Sentiment

June 17, 2018 - By Dolores Ford

General Electric Company (NYSE:GE) Logo

General Electric Co (GE) investors sentiment increased to 0.55 in Q1 2018. It’s up 0.05, from 0.5 in 2017Q4. The ratio improved, as 522 institutional investors increased and opened new equity positions, while 957 reduced and sold stock positions in General Electric Co. The institutional investors in our database now own: 4.54 billion shares, down from 4.69 billion shares in 2017Q4. Also, the number of institutional investors holding General Electric Co in top ten equity positions decreased from 32 to 23 for a decrease of 9. Sold All: 153 Reduced: 804 Increased: 398 New Position: 124.

Warren Averett Asset Management Llc decreased Amgen Inc (AMGN) stake by 54.62% reported in 2018Q1 SEC filing. Warren Averett Asset Management Llc sold 3,100 shares as Amgen Inc (AMGN)’s stock declined 5.44%. The Warren Averett Asset Management Llc holds 2,576 shares with $439,000 value, down from 5,676 last quarter. Amgen Inc now has $122.42 billion valuation. The stock decreased 0.42% or $0.78 during the last trading session, reaching $185.01. About 3.17 million shares traded. Amgen Inc. (NASDAQ:AMGN) has risen 14.68% since June 17, 2017 and is uptrending. It has outperformed by 2.11% the S&P500. Some Historical AMGN News: ; 24/04/2018 – Amgen Sees FY Rev $21.9B-$22.8B; 17/05/2018 – Amgen and Novartis: Expect Approval in the EU in the Coming Months; 23/03/2018 – AMGEN GETS POSITIVE CHMP OPINION RECOGNIZING REPATHA® (EVOLOCUM; 10/03/2018 – PRALUENT REDUCES RISK OF MAJOR ADVERSE CARDIOVASCULAR EVENTS BY 15 PCT VS PLACEBO IN MULTI-YEAR “OUTCOMES” STUDY – DATA; 21/05/2018 – FDA Approves Prolia® (Denosumab) For Glucocorticoid-lnduced Osteoporosis; 22/05/2018 – AMGEN INC – ALL OF DIRECTOR NOMINEES WERE RE-ELECTED TO BOARD AT ANNUAL MEETING OF STOCKHOLDERS; 11/03/2018 – Umer Raffat set up a call with $MDCO execs tomorrow. Focus is on $ESPR, $MDCO and $AMGN reactions after $REGN and $SNY scored on high-risk PCSK9 study – DON’T MISS:; 06/03/2018 – AMGEN REPORTS PRELIMINARY RESULTS OF TENDER OFFER; 17/05/2018 – Mary MacDonald: Breaking: FDA approves new drug for migraines by @Amgen and Novartis; 27/04/2018 – Amgen Receives Positive CHMP Opinion to Expand Use of Prolia(R) (denosumab) to Patients With Glucocorticoid-Induced Osteoporosis

Since January 16, 2018, it had 0 insider buys, and 6 selling transactions for $1.65 million activity. Harper Sean E sold 1,525 shares worth $265,625.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.34, from 1.22 in 2017Q4. It dived, as 67 investors sold AMGN shares while 557 reduced holdings. 114 funds opened positions while 435 raised stakes. 502.72 million shares or 8.88% less from 551.71 million shares in 2017Q4 were reported. Wedge Cap Mngmt L Lp Nc has invested 0.31% in Amgen Inc. (NASDAQ:AMGN). Proshare Lc invested 0.73% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Cypress Cap Mgmt Ltd Liability Corp (Wy) holds 135 shares. Utah Retirement holds 0.49% or 134,428 shares. Robeco Institutional Asset Management Bv has invested 0.2% in Amgen Inc. (NASDAQ:AMGN). Wilbanks Smith Thomas Asset Limited Liability Corp holds 0.06% of its portfolio in Amgen Inc. (NASDAQ:AMGN) for 4,253 shares. Moreover, Choate Advsr has 0% invested in Amgen Inc. (NASDAQ:AMGN) for 24,003 shares. First Bank & Trust accumulated 1,426 shares. Sterling Glob Strategies Limited Liability Co, a California-based fund reported 1,478 shares. Glenmede Na invested in 0.73% or 1.00 million shares. Da Davidson & reported 89,311 shares. 1.18M were accumulated by Hsbc Holdg Public Ltd Liability Com. Of Virginia Va, Virginia-based fund reported 64,289 shares. Michigan-based World Asset Mgmt has invested 0.34% in Amgen Inc. (NASDAQ:AMGN). Eagle Asset Mngmt invested in 29,169 shares or 0.03% of the stock.

Analysts await Amgen Inc. (NASDAQ:AMGN) to report earnings on July, 24. They expect $3.52 earnings per share, up 7.65% or $0.25 from last year’s $3.27 per share. AMGN’s profit will be $2.33 billion for 13.14 P/E if the $3.52 EPS becomes a reality. After $3.47 actual earnings per share reported by Amgen Inc. for the previous quarter, Wall Street now forecasts 1.44% EPS growth.

Warren Averett Asset Management Llc increased Powershares Etf Trust (PRF) stake by 87,478 shares to 795,118 valued at $87.61M in 2018Q1. It also upped Vanguard Tax Managed Intl Fd (VEA) stake by 15,359 shares and now owns 893,341 shares. Powershares Etf Trust (PRFZ) was raised too.

More notable recent Amgen Inc. (NASDAQ:AMGN) news were published by: Seekingalpha.com which released: “Amgen Has Me Worried Therefore Selling Calls” on May 31, 2018, also Streetinsider.com with their article: “Amgen’s (AMGN) Aimovig Sees Hot Script Growth – RBC” published on June 15, 2018, 247Wallst.com published: “Amgen Wins Another FDA Approval” on May 22, 2018. More interesting news about Amgen Inc. (NASDAQ:AMGN) were released by: Nasdaq.com and their article: “Research Report Identifies Avangrid, Entercom Communications, Kennedy-Wilson, Emerson Electric, Amgen, and vTv …” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Pick Up Amgen In 2018” with publication date: May 31, 2018.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 89 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, June 12, the company rating was maintained by Jefferies. As per Monday, February 5, the company rating was downgraded by Atlantic Securities. Mizuho maintained the shares of AMGN in report on Friday, July 14 with “Buy” rating. The company was maintained on Monday, February 12 by Mizuho. As per Monday, January 22, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by Oppenheimer on Tuesday, June 13. The rating was initiated by Raymond James with “Market Perform” on Tuesday, September 1. The firm has “Overweight” rating given on Tuesday, December 15 by Morgan Stanley. The company was maintained on Wednesday, August 23 by Oppenheimer. As per Monday, September 7, the company rating was upgraded by UBS.

Ratings analysis reveals 100% of General Electric’s analysts are positive. Out of 2 Wall Street analysts rating General Electric, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. GE was included in 2 notes of analysts from October 14, 2016. Bernstein upgraded the shares of GE in report on Friday, December 16 to “Outperform” rating. As per Friday, October 14, the company rating was maintained by UBS.

Trian Fund Management L.P. holds 9.63% of its portfolio in General Electric Company for 70.85 million shares. Shanda Asset Management Holdings Ltd owns 3.40 million shares or 7.52% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 5.31% invested in the company for 32.16 million shares. The Missouri-based Community Bank Of Raymore has invested 5.23% in the stock. Stuyvesant Capital Management, a New York-based fund reported 184,875 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric’s Digital Growth Is Impressive” on June 13, 2018, also Seekingalpha.com with their article: “Either GE Or Its Dividend, And Possibly Both, Are Set To Shrink” published on June 12, 2018, Seekingalpha.com published: “Warren: Your $20/Share GE Lunch Is Served” on June 13, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “Rolls-Royce Jet Engine Flaws Spell Opportunity for GE” published on June 15, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Real Recovery But Bad Investment” with publication date: June 12, 2018.

The stock decreased 1.63% or $0.22 during the last trading session, reaching $13.3. About 96.18 million shares traded or 42.15% up from the average. General Electric Company (GE) has declined 46.78% since June 17, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: ; 20/04/2018 – GE says the power market continues to be challenging with orders down 29 percent; 02/04/2018 – Musk Joke Falls Flat; GE Healthcare Slims Down: Industrials Wrap; 30/03/2018 – Baker Hughes GE’s CEO of Australia, New Zealand and Papua New Guinea departs; 13/04/2018 – Global Gas Analyzer Market Forecast to 2023 with ABB Group, Emerson Electric, General Electric, Figaro Engineering, and Thermo Fishers Scientific Dominating – ResearchAndMarkets.com; 10/04/2018 – UGANDA AWARDS REFINERY DEAL TO GE-LED GROUP: MUSEVENI; 24/05/2018 – RT @CNBCnow: NEW: General Electric doesn’t plan to cut dividend again, sources tell CNBC; 29/05/2018 – Tampa General Hospital and GE Healthcare Partner for Next Level Care Coordination; 08/05/2018 – ZHEJIANG CHINA LIGHT & TEXTILE INDUSTRIAL 600790.SS SAYS BOARD ELECTS GE MEIRONG AS CHAIRMAN; 21/05/2018 – WABTEC AND GE TRANSPORTATION TO MERGE, CREATING GLOBAL LEADER FOR RAIL EQUIPMENT, SERVICES AND SOFTWARE; 21/05/2018 – GE TO BE PAID $2.9B UP-FRONT CASH PAYMENT IN DEAL

Since January 1, 0001, it had 1 buying transaction, and 0 insider sales for $43,446 activity.

General Electric Company operates as an infrastructure and technology firm worldwide. The company has market cap of $115.52 billion. The Company’s Power segment offers gas and steam power systems; maintenance, service, and upgrade solutions; distributed power gas engines; water treatment, wastewater treatment, and process system solutions; and nuclear reactors, fuels, and support services. It currently has negative earnings. The companyÂ’s Renewable Energy segment provides wind turbine platforms, and hardware and software; onshore and offshore wind turbines; and solutions, products, and services to hydropower industry.

Amgen Inc. (NASDAQ:AMGN) Institutional Positions Chart

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