Cibc World Markets Corp Has Cut Its Holding in General Dynamics Corp Com (GD) as Share Value Declined

General Dynamics Corporation (NYSE:GD) LogoInvestors sentiment increased to 1.08 in Q3 2018. Its up 0.18, from 0.9 in 2018Q2. It is positive, as 57 investors sold GD shares while 286 reduced holdings. 91 funds opened positions while 278 raised stakes. 229.88 million shares or 0.59% more from 228.52 million shares in 2018Q2 were reported. Hartford Finance Management Inc owns 25 shares. Crossvault Capital Mgmt Ltd Company holds 1,294 shares. Winslow Capital Limited Liability Company, Minnesota-based fund reported 237 shares. Schwab Charles Investment owns 1.11 million shares for 0.15% of their portfolio. Hsbc Holding Pcl invested in 0.23% or 705,848 shares. Johnson Financial Gp invested in 0.12% or 5,548 shares. 62,005 were accumulated by British Columbia Inv Corporation. Chem Natl Bank holds 0.23% or 11,063 shares in its portfolio. 1,100 are held by Credit Agricole S A. Pennsylvania-based Berkshire Asset Lc Pa has invested 0.14% in General Dynamics Corporation (NYSE:GD). Homrich & Berg reported 2,421 shares. The Maryland-based Wagner Bowman Management has invested 0.1% in General Dynamics Corporation (NYSE:GD). Iridian Asset Ltd Co Ct has 1.16 million shares. The Colorado-based Shine Invest Advisory has invested 0% in General Dynamics Corporation (NYSE:GD). Livingston Group Asset Mgmt (Operating As Southport Management) invested in 0.03% or 387 shares.

Since September 14, 2018, it had 2 insider buys, and 2 sales for $19.29 million activity. 3,000 shares were bought by Malcolm Mark, worth $509,612. On Friday, December 7 Reynolds Catherine B bought $100,585 worth of General Dynamics Corporation (NYSE:GD) or 600 shares. CASEY JOHN PATRICK sold $4.35M worth of stock or 22,500 shares.

Cibc World Markets Corp decreased its stake in General Dynamics Corp Com (GD) by 48.1% based on its latest 2018Q3 regulatory filing with the SEC. Cibc World Markets Corp sold 88,954 shares as the company’s stock declined 12.00% with the market. The institutional investor held 95,985 shares of the marine transportation company at the end of 2018Q3, valued at $19.65 million, down from 184,939 at the end of the previous reported quarter. Cibc World Markets Corp who had been investing in General Dynamics Corp Com for a number of months, seems to be less bullish one the $49.36 billion market cap company. The stock decreased 0.66% or $1.13 during the last trading session, reaching $170.99. About 765,478 shares traded. General Dynamics Corporation (NYSE:GD) has declined 13.97% since February 11, 2018 and is downtrending. It has underperformed by 13.97% the S&P500.

Cibc World Markets Corp, which manages about $11.73 billion US Long portfolio, upped its stake in Jpmorgan Chase & Co (Put) by 45,000 shares to 120,000 shares, valued at $13.54 million in 2018Q3, according to the filing. It also increased its holding in Oracle Corp Com (NYSE:ORCL) by 60,514 shares in the quarter, for a total of 599,595 shares, and has risen its stake in Discovery Communications New Com Ser C (NASDAQ:DISCK).

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More notable recent General Dynamics Corporation (NYSE:GD) news were published by: Seekingalpha.com which released: “General Dynamics Q4 2018 Earnings Preview – Seeking Alpha” on January 29, 2019, also Streetinsider.com with their article: “UPDATE: General Dynamics (GD) awarded three Land C4ISR contracts for Canadian Army valued at $621.5M – StreetInsider.com” published on January 30, 2019, Streetinsider.com published: “General Dynamics (GD) Land Systems Secures Max $402M Contract from US Army for Stryker Technical Support Services – StreetInsider.com” on February 08, 2019. More interesting news about General Dynamics Corporation (NYSE:GD) were released by: Fool.com and their article: “General Dynamics Corp (GD) Q4 2018 Earnings Conference Call Transcript – Motley Fool” published on January 30, 2019 as well as Bizjournals.com‘s news article titled: “CACI International reaches deal to acquire LGS Innovations – Washington Business Journal” with publication date: January 30, 2019.

General Dynamics Corporation (NYSE:GD) Ratings Coverage

Among 10 analysts covering General Dynamics (NYSE:GD), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. General Dynamics had 12 analyst reports since August 16, 2018 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, October 25 by Credit Suisse. The company was maintained on Thursday, October 25 by Citigroup. Argus Research downgraded General Dynamics Corporation (NYSE:GD) on Thursday, January 31 to “Hold” rating. The rating was maintained by Morgan Stanley with “Underweight” on Wednesday, November 14. On Tuesday, January 8 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Outperform” rating given on Thursday, October 25 by Robert W. Baird. The company was maintained on Monday, January 14 by Citigroup. Wells Fargo maintained the stock with “Outperform” rating in Thursday, October 25 report. The company was maintained on Friday, October 26 by Argus Research. Barclays Capital maintained General Dynamics Corporation (NYSE:GD) on Tuesday, December 4 with “Overweight” rating.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart