General Electric Co (GE) Shareholder Neumann Capital Management Trimmed Its Holding as Share Price Declined; Clark Capital Management Group Position in Ingredion (INGR) Boosted by $4.02 Million as Market Valuation Declined

June 18, 2018 - By Adrian Mccoy

General Electric Company (NYSE:GE) Logo

Clark Capital Management Group Inc increased its stake in Ingredion Inc (INGR) by 10.56% based on its latest 2018Q1 regulatory filing with the SEC. Clark Capital Management Group Inc bought 31,419 shares as the company’s stock declined 12.77% with the market. The institutional investor held 328,889 shares of the packaged foods company at the end of 2018Q1, valued at $42.40M, up from 297,470 at the end of the previous reported quarter. Clark Capital Management Group Inc who had been investing in Ingredion Inc for a number of months, seems to be bullish on the $8.18B market cap company. The stock decreased 1.38% or $1.58 during the last trading session, reaching $113.26. About 172,284 shares traded. Ingredion Incorporated (NYSE:INGR) has declined 2.60% since June 18, 2017 and is downtrending. It has underperformed by 15.17% the S&P500. Some Historical INGR News: 30/05/2018 – SweeGen and lngredion bring non-GMO Reb M to Colombia; 03/05/2018 – INGREDION INC QTRLY NET SALES $1,469 MLN, UP 1 PCT; 16/05/2018 – Ingredion Presenting at Bank of Montreal Conference Tomorrow; 20/04/2018 – Moody’s Upgrades Ingredion To Baa1; Outlook Stable; 21/04/2018 – DJ Ingredion Incorporated, Inst Holders, 1Q 2018 (INGR); 16/05/2018 – INGREDION DECLARES QTRLY DIV OF $0.60/SHR; 20/04/2018 – Moody’s Upgrades lngredion to Baa1; Outlook Stable; 03/05/2018 – Ingredion Sees 2018 Cash From Operations $830M to $880M; 03/05/2018 – INGREDION INC INGR.N FY2018 SHR VIEW $8.29 — THOMSON REUTERS l/B/E/S; 09/05/2018 – Ingredion Company Marketing Set By Stephens Inc. for May. 16

Neumann Capital Management Llc decreased its stake in General Electric Co (GE) by 81.25% based on its latest 2018Q1 regulatory filing with the SEC. Neumann Capital Management Llc sold 65,850 shares as the company’s stock declined 0.14% with the market. The institutional investor held 15,200 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $205,000, down from 81,050 at the end of the previous reported quarter. Neumann Capital Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $114.60 billion market cap company. The stock decreased 0.79% or $0.105 during the last trading session, reaching $13.195. About 34.46 million shares traded. General Electric Company (NYSE:GE) has declined 46.78% since June 18, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 21/05/2018 – WABTEC – GE HAS THE RIGHT TO INCREASE PORTION OF MERGED COMPANY OWNED BY GE SHAREHOLDERS; 20/04/2018 – GE 1Q REV. $28.7B; 11/04/2018 – FLYNAS SIGNS AGREEMENT WITH CFM INTERNATIONAL FOR LEAP-1A ENGINES; 20/04/2018 – General Electric earnings beat, but revenue falls short; 12/03/2018 – GE Didn’t Pay Bonuses to Most Executives in 2017 – Proxy Filing; 16/05/2018 – CORRECT: GE ANNOUNCES NEW AGP ORDER W/ OHGISHIMA POWER; 02/04/2018 – Fidelity Advisor New Insights Adds GE, Exits J&J; 22/05/2018 – Channel NewsAsia: Exclusive: GE seeking to shed troubled insurance business; 09/03/2018 – S&PGR Assigns ‘AA-‘ FC Rtg To GE Life, GEG; Otlk Stable; 19/03/2018 – GRAND PEACE GROUP HOLDINGS LTD – Ll GE HAS RESIGNED AS AN EXECUTIVE DIRECTOR, CHAIRMAN OF BOARD AND CHIEF EXECUTIVE OFFICER

Neumann Capital Management Llc, which manages about $305.78M and $157.14 million US Long portfolio, upped its stake in Wisdomtree Tr (DLS) by 13,002 shares to 58,849 shares, valued at $4.50M in 2018Q1, according to the filing. It also increased its holding in Wisdomtree Tr (DGS) by 15,251 shares in the quarter, for a total of 108,804 shares, and has risen its stake in Ishares Tr (EFA).

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

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Either GE Or Its Dividend, And Possibly Both, Are Set To Shrink” on June 12, 2018, also Seekingalpha.com with their article: “GE’s Share Slide – A Buying Opportunity” published on May 24, 2018, Thestreet.com published: “Why GE’s Stock Has Fallen 9% in the Last 30 Days” on June 17, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Businesswire.com and their article: “Mayor Ted Wheeler, City Officials and Intel, AT&T, Current by GE, and PGE celebrate Traffic Safety Sensor Project” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Real Recovery But Bad Investment” with publication date: June 12, 2018.

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. Suntrust Banks Inc accumulated 0.28% or 3.16 million shares. Fenimore Asset Management holds 40,126 shares or 0.02% of its portfolio. Pettyjohn Wood And White holds 141,424 shares. Dumont And Blake Invest Advsrs Limited Liability Corp owns 41,805 shares or 0.24% of their US portfolio. Bankshares Of America Corp De owns 0.18% invested in General Electric Company (NYSE:GE) for 79.20M shares. Ithaka Gru Ltd Limited Liability Company reported 0.03% of its portfolio in General Electric Company (NYSE:GE). Scotia Cap Incorporated holds 0.22% or 1.17M shares. 18,232 were accumulated by San Francisco Sentry Grp (Ca). Trillium Asset Limited Com has invested 0.01% in General Electric Company (NYSE:GE). Accredited Investors reported 0.16% stake. Btim has 0.03% invested in General Electric Company (NYSE:GE) for 141,140 shares. Profund Ltd Limited Liability Company owns 265,189 shares or 0.14% of their US portfolio. Caxton Associate Limited Partnership, a New Jersey-based fund reported 55,203 shares. Clean Yield reported 20,916 shares or 0.12% of all its holdings. Nippon Life Americas Inc holds 0.08% or 71,590 shares in its portfolio.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by TheStreet on Wednesday, August 26. The company was upgraded on Tuesday, July 21 by TheStreet. The stock of General Electric Company (NYSE:GE) earned “Market Perform” rating by Bernstein on Tuesday, July 26. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Thursday, January 25 by Citigroup. Vertical Research maintained the stock with “Hold” rating in Tuesday, January 16 report. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Wednesday, April 11. Cowen & Co has “Hold” rating and $1200 target. On Monday, October 23 the stock rating was downgraded by Morgan Stanley to “Underweight”. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Tuesday, January 30. Stifel Nicolaus has “Hold” rating and $17 target. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Friday, April 27 with “Hold” rating. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by J.P. Morgan on Thursday, March 29.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 EPS, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48 billion for 19.40 P/E if the $0.17 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Among 7 analysts covering Ingredion Inc (NYSE:INGR), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Ingredion Inc had 25 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Ingredion Incorporated (NYSE:INGR) has “Overweight” rating given on Wednesday, November 15 by Stephens. Jefferies initiated the stock with “Buy” rating in Wednesday, December 16 report. The rating was maintained by Citigroup with “Buy” on Wednesday, June 15. The firm has “Buy” rating given on Monday, September 25 by Jefferies. As per Friday, January 29, the company rating was upgraded by Stephens. Credit Suisse maintained Ingredion Incorporated (NYSE:INGR) rating on Thursday, November 2. Credit Suisse has “Buy” rating and $145.0 target. Jefferies maintained the stock with “Buy” rating in Wednesday, June 14 report. Citigroup downgraded it to “Hold” rating and $12500 target in Friday, May 4 report. As per Wednesday, January 10, the company rating was maintained by Credit Suisse. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, September 27 report.

Investors sentiment increased to 1.01 in Q1 2018. Its up 0.01, from 1 in 2017Q4. It increased, as 40 investors sold INGR shares while 145 reduced holdings. 47 funds opened positions while 139 raised stakes. 59.83 million shares or 0.22% less from 59.96 million shares in 2017Q4 were reported. Public Employees Retirement Association Of Colorado stated it has 12,764 shares or 0.01% of all its holdings. Ftb Advisors Incorporated owns 0% invested in Ingredion Incorporated (NYSE:INGR) for 272 shares. Sterling Cap Management Ltd Limited Liability Company holds 0.02% or 15,101 shares. Teacher Retirement Systems Of Texas has 0.11% invested in Ingredion Incorporated (NYSE:INGR) for 122,365 shares. Profund Advisors Llc accumulated 0.04% or 8,598 shares. Stifel Finance accumulated 94,292 shares. Raymond James Finance Services Inc invested 0.01% of its portfolio in Ingredion Incorporated (NYSE:INGR). Moreover, One Natl Association has 0.03% invested in Ingredion Incorporated (NYSE:INGR). Fincl Architects Inc reported 300 shares stake. Lsv Asset stated it has 2.44 million shares or 0.5% of all its holdings. Clarivest Asset Mngmt Ltd owns 192,858 shares or 0.43% of their US portfolio. 10,904 are held by Etrade Cap Mgmt Ltd. Apg Asset Management Nv holds 0.01% of its portfolio in Ingredion Incorporated (NYSE:INGR) for 31,700 shares. Laurion Capital Mngmt LP has invested 0% of its portfolio in Ingredion Incorporated (NYSE:INGR). 43,437 were accumulated by Pictet Asset Mngmt Limited.

Another recent and important Ingredion Incorporated (NYSE:INGR) news was published by Prnewswire.com which published an article titled: “SweeGen and Ingredion bring non-GMO Reb M to Colombia” on May 30, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>