Bainco International Investors Lowered Its General Electric Co Com (GE) Position by $2.02 Million; Market Value Declined; As Bce (BCE) Share Price Declined, Maple Capital Management Trimmed Stake

February 15, 2018 - By Peter Erickson

Bainco International Investors decreased its stake in General Electric Co Com (GE) by 31.33% based on its latest 2017Q3 regulatory filing with the SEC. Bainco International Investors sold 83,986 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 184,102 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.45M, down from 268,088 at the end of the previous reported quarter. Bainco International Investors who had been investing in General Electric Co Com for a number of months, seems to be less bullish one the $128.43 billion market cap company. The stock decreased 0.60% or $0.09 during the last trading session, reaching $14.81. About 29.87M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 15, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Maple Capital Management Inc decreased its stake in Bce Inc. (BCE) by 26.81% based on its latest 2017Q3 regulatory filing with the SEC. Maple Capital Management Inc sold 12,600 shares as the company’s stock declined 0.38% while stock markets rallied. The institutional investor held 34,395 shares of the public utilities company at the end of 2017Q3, valued at $1.61M, down from 46,995 at the end of the previous reported quarter. Maple Capital Management Inc who had been investing in Bce Inc. for a number of months, seems to be less bullish one the $39.59B market cap company. The stock decreased 0.29% or $0.13 during the last trading session, reaching $44.35. About 495,460 shares traded. BCE Inc. (NYSE:BCE) has declined 2.36% since February 15, 2017 and is downtrending. It has underperformed by 19.06% the S&P500.

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Bernstein with “Market Perform” on Tuesday, July 26. The company was maintained on Tuesday, January 30 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, October 14 by UBS. As per Monday, October 9, the company rating was maintained by J.P. Morgan. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, October 24. RBC Capital Markets maintained the shares of GE in report on Monday, October 19 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, July 21 by TheStreet. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 7. The firm has “Hold” rating given on Wednesday, January 24 by CFRA. The stock of General Electric Company (NYSE:GE) has “Sector Perform” rating given on Tuesday, November 14 by RBC Capital Markets.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Chesley Taft Limited Liability accumulated 495,412 shares. Strategic Wealth Advsrs Gru Ltd Llc holds 7,742 shares. Armstrong Henry H Associate invested in 0.79% or 180,523 shares. Texas Yale reported 68,641 shares stake. Boyd Watterson Asset Management Ltd Oh holds 0.67% of its portfolio in General Electric Company (NYSE:GE) for 55,686 shares. Old Dominion Capital Mngmt holds 0.54% or 21,998 shares in its portfolio. Mastrapasqua Asset Mgmt reported 0.12% of its portfolio in General Electric Company (NYSE:GE). 96,827 were reported by Stevens First Principles Inv Advsrs. Pettyjohn Wood White invested in 1.68% or 187,439 shares. Winslow Asset stated it has 289,383 shares or 1.36% of all its holdings. S&T State Bank Pa owns 303,799 shares or 1.31% of their US portfolio. Peddock Cap Limited has invested 0.19% in General Electric Company (NYSE:GE). Eagleclaw Capital Managment Lc reported 15,050 shares or 0.21% of all its holdings. Family Corporation invested in 22,025 shares or 0.37% of the stock. Sumitomo Life Insurance holds 0.74% of its portfolio in General Electric Company (NYSE:GE) for 241,054 shares.

Bainco International Investors, which manages about $604.40 million and $835.27M US Long portfolio, upped its stake in Abbvie Inc Com (NYSE:ABBV) by 6,460 shares to 147,110 shares, valued at $13.07 million in 2017Q3, according to the filing. It also increased its holding in Financial Select Sector Spdr Fund (XLF) by 16,883 shares in the quarter, for a total of 466,786 shares, and has risen its stake in United Parcel Service Inc Cl B (NYSE:UPS).

Since August 22, 2017, it had 2 insider purchases, and 0 insider sales for $2.50 million activity. $43,446 worth of General Electric Company (NYSE:GE) shares were bought by DIMITRIEF ALEXANDER.

Among 9 analysts covering BCE Inc. (NYSE:BCE), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. BCE Inc. had 23 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Monday, January 4. As per Tuesday, March 21, the company rating was maintained by Barclays Capital. Macquarie Research downgraded BCE Inc. (NYSE:BCE) on Tuesday, October 27 to “Underperform” rating. The firm has “Sector Perform” rating by National Bank Canada given on Friday, November 6. Canaccord Genuity maintained the stock with “Hold” rating in Friday, August 7 report. The firm has “Overweight” rating by Barclays Capital given on Friday, February 9. The stock of BCE Inc. (NYSE:BCE) has “Buy” rating given on Friday, December 4 by Goldman Sachs. The firm has “Buy” rating given on Friday, November 6 by Canaccord Genuity. The firm has “Neutral” rating given on Tuesday, July 19 by Citigroup. The stock of BCE Inc. (NYSE:BCE) has “Sector Perform” rating given on Monday, January 9 by RBC Capital Markets.

Maple Capital Management Inc, which manages about $544.25 million and $372.01M US Long portfolio, upped its stake in Rockwell Collins Inc. (NYSE:COL) by 4,419 shares to 80,145 shares, valued at $10.48M in 2017Q3, according to the filing. It also increased its holding in Paychex Inc. (NASDAQ:PAYX) by 7,875 shares in the quarter, for a total of 89,640 shares, and has risen its stake in Qualcomm Inc. (NASDAQ:QCOM).

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