Bourgeon Capital Management Lowered General Electric Co (GE) Stake by $330,038; Stock Value Declined; As Abbvie (ABBV) Stock Value Declined, Cliftonlarsonallen Wealth Advisors Cut Position

April 22, 2018 - By Adrian Erickson

General Electric Company (NYSE:GE) Logo

Cliftonlarsonallen Wealth Advisors Llc decreased its stake in Abbvie Inc (ABBV) by 48.26% based on its latest 2017Q4 regulatory filing with the SEC. Cliftonlarsonallen Wealth Advisors Llc sold 10,431 shares as the company’s stock declined 6.31% with the market. The institutional investor held 11,182 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $1.08M, down from 21,613 at the end of the previous reported quarter. Cliftonlarsonallen Wealth Advisors Llc who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $146.93 billion market cap company. The stock decreased 0.44% or $0.41 during the last trading session, reaching $92.6. About 4.75M shares traded. AbbVie Inc. (NYSE:ABBV) has risen 39.20% since April 22, 2017 and is uptrending. It has outperformed by 27.65% the S&P500.

John Zaro decreased its stake in General Electric Co (GE) by 47.6% based on its latest 2017Q4 regulatory filing with the SEC. Bourgeon Capital Management Llc sold 19,414 shares as the company’s stock declined 23.20% with the market. The hedge fund run by John Zaro held 21,371 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $373,000, down from 40,785 at the end of the previous reported quarter. Bourgeon Capital Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.26 billion market cap company. The stock increased 3.93% or $0.55 during the last trading session, reaching $14.54. About 188.69 million shares traded or 121.66% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 22, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by TheStreet to “Buy” on Tuesday, July 21. The firm has “Outperform” rating by William Blair given on Tuesday, October 13. The company was downgraded on Wednesday, March 28 by DZ Bank. The firm has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The rating was maintained by Citigroup on Monday, October 23 with “Buy”. The company was maintained on Monday, October 19 by RBC Capital Markets. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, August 25 report. The stock has “Buy” rating by Langenberg on Monday, November 13. The stock has “Underweight” rating by JP Morgan on Tuesday, March 13. The stock of General Electric Company (NYSE:GE) earned “Focus List” rating by Credit Suisse on Wednesday, September 16.

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

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. Puzo Michael J holds 85,735 shares. Tradewinds Cap Lc accumulated 0.15% or 18,087 shares. Us Bank De holds 11.00M shares or 0.59% of its portfolio. Northwestern Mutual Wealth owns 863,558 shares for 0.1% of their portfolio. 532,659 are owned by Bollard Gru Limited Liability Company. Toronto Dominion Bank & Trust owns 3.90 million shares. Allen Inv Mgmt Ltd Liability invested in 83,851 shares or 0.07% of the stock. Marathon Capital Mgmt holds 0.36% or 53,108 shares in its portfolio. Washington Tru Bank accumulated 45,322 shares. New York-based Adirondack Trust has invested 0.74% in General Electric Company (NYSE:GE). Principal Finance Grp Inc reported 13.22 million shares. Uss Investment Mngmt holds 0.06% or 294,200 shares in its portfolio. 144,379 were accumulated by Weiss Multi. Rmb Capital Llc stated it has 0.07% of its portfolio in General Electric Company (NYSE:GE). Cibc Asset Management Inc has invested 0.09% in General Electric Company (NYSE:GE).

Bourgeon Capital Management Llc, which manages about $244.47 million and $182.99 million US Long portfolio, upped its stake in Merck & Co Inc New Common (NYSE:MRK) by 32,475 shares to 124,765 shares, valued at $7.02 million in 2017Q4, according to the filing. It also increased its holding in Univar Inc by 19,000 shares in the quarter, for a total of 28,000 shares, and has risen its stake in Martin Marietta Matls Inc (NYSE:MLM).

Investors sentiment decreased to 0.8 in 2017 Q4. Its down 0.05, from 0.85 in 2017Q3. It dropped, as 42 investors sold ABBV shares while 695 reduced holdings. 139 funds opened positions while 448 raised stakes. 1.06 billion shares or 0.35% more from 1.06 billion shares in 2017Q3 were reported. Art Advsrs Llc accumulated 6,500 shares. Field And Main Commercial Bank holds 0.89% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 9,600 shares. Moreover, Private Wealth Advsr has 0.4% invested in AbbVie Inc. (NYSE:ABBV). Peavine Capital Llc reported 21,600 shares. Summit Asset Mgmt Limited Co holds 2,391 shares. Ronna Sue Cohen invested 1.77% of its portfolio in AbbVie Inc. (NYSE:ABBV). Picton Mahoney Asset, a Ontario – Canada-based fund reported 131,300 shares. Willingdon Wealth Mgmt has invested 0.81% in AbbVie Inc. (NYSE:ABBV). Kelly Lawrence W Assoc Incorporated Ca has 0.47% invested in AbbVie Inc. (NYSE:ABBV). Conestoga Advsrs Ltd reported 7,935 shares. Cap City Tru Co Fl has invested 1.14% of its portfolio in AbbVie Inc. (NYSE:ABBV). Capital Guardian Tru holds 79,100 shares or 0.11% of its portfolio. Blue Chip Prtnrs Inc reported 2.74% stake. 156,025 are held by South Street Advsr Ltd. Lourd Ltd Com stated it has 9,596 shares.

Cliftonlarsonallen Wealth Advisors Llc, which manages about $2.03B and $973.02M US Long portfolio, upped its stake in Ishares Tr (PFF) by 152,747 shares to 510,992 shares, valued at $19.45 million in 2017Q4, according to the filing. It also increased its holding in Schwab Strategic Tr (SCHZ) by 50,880 shares in the quarter, for a total of 270,040 shares, and has risen its stake in Ishares Tr (HDV).

Since October 30, 2017, it had 0 insider buys, and 12 insider sales for $49.35 million activity. Shares for $311,684 were sold by SEVERINO MICHAEL. RICHMOND TIMOTHY J. had sold 87,040 shares worth $8.57M. Another trade for 145,510 shares valued at $14.07M was made by Schumacher Laura J on Thursday, December 14. CHASE WILLIAM J sold $8.31M worth of stock. 992 AbbVie Inc. (NYSE:ABBV) shares with value of $119,351 were sold by Michael Robert A.. Another trade for 83,574 shares valued at $9.57M was made by ALBAN CARLOS on Wednesday, February 28.

General Electric Company (NYSE:GE) Institutional Positions Chart

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