Gluskin Sheff & Assoc Trimmed Visa (V) Position by $323,304; General Electric Co (GE) Stock Price Declined While Hayek Kallen Investment Management Decreased Stake by $478,397

May 24, 2018 - By wolcottdaily

Visa Inc. (NYSE:V) Logo

Hayek Kallen Investment Management decreased its stake in General Electric Co (GE) by 19.24% based on its latest 2017Q4 regulatory filing with the SEC. Hayek Kallen Investment Management sold 28,141 shares as the company’s stock declined 23.20% with the market. The institutional investor held 118,158 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.06 million, down from 146,299 at the end of the previous reported quarter. Hayek Kallen Investment Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $123.16B market cap company. The stock decreased 7.26% or $1.11 during the last trading session, reaching $14.18. About 147.34 million shares traded or 102.94% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Gluskin Sheff & Assoc Inc decreased its stake in Visa Inc (V) by 1.42% based on its latest 2017Q4 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc sold 2,836 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 196,976 shares of the business services company at the end of 2017Q4, valued at $22.46 million, down from 199,812 at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $295.38B market cap company. The stock increased 0.90% or $1.17 during the last trading session, reaching $131.88. About 6.57 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 24, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

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 has $67 highest and $1100 lowest target. $24.91’s average target is 75.67% above currents $14.18 stock price. General Electric Company had 103 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, August 7. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 6. Bank of America downgraded it to “Neutral” rating and $31 target in Wednesday, April 26 report. As per Friday, July 7, the company rating was maintained by Stifel Nicolaus. Deutsche Bank maintained the shares of GE in report on Tuesday, November 21 with “Sell” rating. As per Tuesday, July 21, the company rating was upgraded by TheStreet. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by RBC Capital Markets on Monday, February 26. BMO Capital Markets maintained the shares of GE in report on Thursday, March 23 with “Hold” rating. The stock has “Hold” rating by Cowen & Co on Monday, June 12. The firm has “Outperform” rating given on Monday, January 25 by RBC Capital Markets.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 19.69 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

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

Hayek Kallen Investment Management, which manages about $249.50M and $152.41M US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 26,111 shares to 33,286 shares, valued at $2.70 million in 2017Q4, according to the filing.

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” on May 21, 2018, also Marketwatch.com with their article: “GE’s stock plunges toward worst day in 9 years after CEO John Flannery starts talking” published on May 23, 2018, Seekingalpha.com published: “3D printing for the military at GE” on May 02, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE: Exhaustion In A Corporate Restructuring” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “Reuters: GE considering sale of insurance business” with publication date: May 22, 2018.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, 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. Cypress Asset Tx accumulated 1.07% or 284,098 shares. Franklin Resources accumulated 184.68M shares. Karpas Strategies Limited Co has invested 0.91% in General Electric Company (NYSE:GE). Clean Yield Group holds 33,969 shares or 0.23% of its portfolio. Lvw holds 0.26% or 50,721 shares. Natl Bank Of The West accumulated 0.54% or 245,230 shares. Minnesota-based Thrivent Financial For Lutherans has invested 0.02% in General Electric Company (NYSE:GE). Azimuth Cap Mgmt Limited Com holds 489,448 shares or 0.62% of its portfolio. Walleye Trading Lc accumulated 0% or 19,022 shares. Griffin Asset Mngmt has invested 0.86% in General Electric Company (NYSE:GE). Hayek Kallen Investment Mgmt reported 1.35% of its portfolio in General Electric Company (NYSE:GE). Rowland & Counsel Adv invested in 0.36% or 52,644 shares. Sg Americas Securities Limited Liability Com has 0.89% invested in General Electric Company (NYSE:GE) for 5.45 million shares. Tru Department Mb Bancorp N A invested in 95,949 shares. Ledyard Bancshares invested in 149,551 shares.

More recent Visa Inc. (NYSE:V) news were published by: 247Wallst.com which released: “Can Visa Deliver Another Earnings Beat?” on April 25, 2018. Also Seekingalpha.com published the news titled: “Visa: Next Stop $135” on April 27, 2018. Seekingalpha.com‘s news article titled: “Is It Too Late To Buy Visa Stock?” with publication date: May 17, 2018 was also an interesting one.

Among 43 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 9 Hold. Therefore 79% are positive. Visa Inc. has $164.0 highest and $70 lowest target. $124.06’s average target is -5.93% below currents $131.88 stock price. Visa Inc. had 131 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained Visa Inc. (NYSE:V) rating on Friday, June 23. Cowen & Co has “Outperform” rating and $105 target. The firm has “Buy” rating given on Monday, October 30 by Jefferies. The company was maintained on Friday, January 12 by Cowen & Co. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Friday, June 23 by Oppenheimer. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, December 13. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. Barclays Capital maintained the shares of V in report on Thursday, October 26 with “Overweight” rating. S&P Research downgraded Visa Inc. (NYSE:V) rating on Tuesday, July 28. S&P Research has “Hold” rating and $80 target. Jefferies maintained Visa Inc. (NYSE:V) rating on Friday, June 23. Jefferies has “Buy” rating and $10400 target. Morgan Stanley maintained Visa Inc. (NYSE:V) rating on Thursday, January 25. Morgan Stanley has “Overweight” rating and $137 target.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Oregon-based Vision Mgmt has invested 1.91% in Visa Inc. (NYSE:V). Artisan Partnership has 1.73% invested in Visa Inc. (NYSE:V). Aviance Capital Mngmt Lc accumulated 7,088 shares or 0.06% of the stock. Jupiter Asset Limited reported 1.03% in Visa Inc. (NYSE:V). Markston Intl Ltd Limited Liability Company holds 57,499 shares or 0.68% of its portfolio. Virginia Retirement Et Al reported 926,700 shares stake. Cambridge has invested 0.24% in Visa Inc. (NYSE:V). Buffington Mohr Mcneal, Idaho-based fund reported 4,250 shares. 206,305 are owned by Bridgeway Cap Mgmt. Cibc State Bank Usa holds 16,861 shares. Company Of Oklahoma stated it has 45,142 shares. Pennsylvania-based Girard Partners has invested 2.04% in Visa Inc. (NYSE:V). Legg Mason Asset Mgmt (Japan) holds 6,300 shares. Moreover, Selkirk Mngmt Ltd Limited Liability Company has 2.44% invested in Visa Inc. (NYSE:V) for 40,000 shares. 2.46 million are held by Pictet Asset Ltd.

Since December 13, 2017, it had 0 insider purchases, and 5 selling transactions for $12.69 million activity. The insider Biggar Lynne sold 1,712 shares worth $205,440. On Wednesday, December 13 MATSCHULLAT ROBERT W sold $707,561 worth of Visa Inc. (NYSE:V) or 6,220 shares. MAHON TULLIER KELLY also sold $5.65 million worth of Visa Inc. (NYSE:V) on Friday, December 15. Another trade for 8,423 shares valued at $1.08 million was made by HOFFMEISTER JAMES H on Monday, April 30.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 EPS, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46B for 29.97 P/E if the $1.10 EPS becomes a reality. After $1.11 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

Gluskin Sheff & Assoc Inc, which manages about $7.77B and $1.91 billion US Long portfolio, upped its stake in Patterson Uti Energy Inc (NASDAQ:PTEN) by 29,600 shares to 67,690 shares, valued at $1.56 million in 2017Q4, according to the filing. It also increased its holding in Charter Communications Inc N by 2,895 shares in the quarter, for a total of 114,049 shares, and has risen its stake in Fomento Economico Mexicano S (NYSE:FMX).

Visa Inc. (NYSE:V) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - 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 Newsletter

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


>