Wellington Shields Capital Management Boosted Blackrock (BLK) Stake By $338,067; Stuyvesant Capital Management Lifted Its General Electric Co (GE) Holding

May 22, 2018 - By Michael Collier

General Electric Company (NYSE:GE) Logo

Wellington Shields Capital Management Llc increased Blackrock Inc (BLK) stake by 33.62% reported in 2017Q4 SEC filing. Wellington Shields Capital Management Llc acquired 659 shares as Blackrock Inc (BLK)’s stock rose 3.90%. The Wellington Shields Capital Management Llc holds 2,619 shares with $1.35M value, up from 1,960 last quarter. Blackrock Inc now has $88.45 billion valuation. The stock increased 0.92% or $4.98 during the last trading session, reaching $548.46. About 173,038 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since May 22, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Stuyvesant Capital Management increased General Electric Co (GE) stake by 58.06% reported in 2017Q4 SEC filing. Stuyvesant Capital Management acquired 55,689 shares as General Electric Co (GE)’s stock declined 23.20%. The Stuyvesant Capital Management holds 151,600 shares with $2.65M value, up from 95,911 last quarter. General Electric Co now has $134.32B valuation. The stock increased 1.34% or $0.205 during the last trading session, reaching $15.465. About 35.40 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 22, 2017 and is downtrending. It has underperformed by 65.90% 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 had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Hold” rating and $18.0 target in Sunday, December 10 report. The company was upgraded on Friday, December 16 by Bernstein. On Monday, October 10 the stock rating was maintained by with “Buy”. On Tuesday, January 16 the stock rating was maintained by Vertical Research with “Hold”. The stock has “Outperform” rating by William Blair on Tuesday, October 13. The rating was upgraded by Langenberg to “Buy” on Monday, November 13. The firm earned “Sell” rating on Friday, May 12 by Deutsche Bank. The firm has “Buy” rating by Bank of America given on Tuesday, November 14. The stock of General Electric Company (NYSE:GE) has “Outperform” rating given on Monday, November 23 by Credit Suisse. The stock of General Electric Company (NYSE:GE) has “Overweight” rating given on Monday, October 5 by Barclays Capital.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric Is Worth $20” on May 22, 2018, also Seekingalpha.com with their article: “GE: The Real Problem” published on May 21, 2018, Fool.com published: “The 1 Thing General Electric Co. Must Do for Its Shareholders” on May 22, 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 Bizjournals.com‘s news article titled: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” with publication date: May 21, 2018.

Since January 26, 2018, it had 1 insider purchase, and 0 selling transactions for $43,446 activity. DIMITRIEF ALEXANDER also bought $43,446 worth of General Electric Company (NYSE:GE) on Friday, January 26.

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. The Wisconsin-based Mason Street Ltd has invested 0.49% in General Electric Company (NYSE:GE). Cubic Asset Lc owns 223,991 shares. Farmers And Merchants Inc owns 209,139 shares or 0.27% of their US portfolio. Integral Derivatives Ltd Limited Liability Company has 147,217 shares. Rockland Com holds 0.5% of its portfolio in General Electric Company (NYSE:GE) for 223,265 shares. Wellington Mngmt Gru Llp stated it has 0.19% of its portfolio in General Electric Company (NYSE:GE). 114,831 were accumulated by M Holdings Secs Inc. Central Corporation has invested 0.86% in General Electric Company (NYSE:GE). Hbk Sorce Advisory Limited Co holds 158,980 shares or 0.33% of its portfolio. Magnetar Fincl Limited Liability Company, a Illinois-based fund reported 149,247 shares. The Ohio-based Boyd Watterson Asset Llc Oh has invested 0.5% in General Electric Company (NYSE:GE). Wellington Shields Cap Mngmt Ltd Liability Com holds 0.74% of its portfolio in General Electric Company (NYSE:GE) for 274,074 shares. Strs Ohio holds 0.48% or 6.50M shares in its portfolio. New York State Common Retirement Fund reported 0.49% in General Electric Company (NYSE:GE). Acg Wealth has invested 0.09% in General Electric Company (NYSE:GE).

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.19, from 1.38 in 2017Q3. It worsened, as 42 investors sold BLK shares while 325 reduced holdings. 122 funds opened positions while 313 raised stakes. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. 647 were reported by Timber Hill Limited Liability Company. Ifc Hldgs Fl owns 397 shares or 0.01% of their US portfolio. Keybank Natl Association Oh reported 0.29% in BlackRock, Inc. (NYSE:BLK). Joel Isaacson Com Ltd Liability Com holds 1,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 51,419 shares or 0.23% of all its holdings. Sei Invests Co holds 0.05% or 26,877 shares. Blb&B Advsr Limited Liability Company has 0.07% invested in BlackRock, Inc. (NYSE:BLK) for 902 shares. Pennsylvania invested in 0.7% or 30,492 shares. Bush Odonnell Inv reported 5.38% in BlackRock, Inc. (NYSE:BLK). Hirtle Callaghan & Limited Company invested in 11 shares. Welch And Forbes Llc accumulated 0.01% or 985 shares. Lord Abbett & Limited Liability Corp invested in 27,785 shares or 0.04% of the stock. Park Avenue stated it has 0.14% in BlackRock, Inc. (NYSE:BLK). 6,953 are held by First Allied Advisory Svcs. United Amer Secs (D B A Uas Asset Management) owns 0.24% invested in BlackRock, Inc. (NYSE:BLK) for 1,000 shares.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “BlackRock: Wait For A Better Price” on May 22, 2018, also Seekingalpha.com with their article: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” published on May 22, 2018, Globenewswire.com published: “BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs” on May 18, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Seekingalpha.com and their article: “BlackRock partners with ETF investing app Acorns” published on May 09, 2018 as well as Fool.ca‘s news article titled: “Investors Would Benefit From Owning This Financial Stock” with publication date: May 21, 2018.

Wellington Shields Capital Management Llc decreased Flowers Foods Inc (NYSE:FLO) stake by 7.67M shares to 7.12M valued at $137.53M in 2017Q4. It also reduced Broadridge Financial Solutions (NYSE:BR) stake by 7,050 shares and now owns 16,978 shares. Metlife Inc (NYSE:MET) was reduced too.

General Electric Company (NYSE:GE) Institutional Positions Chart

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