Dorsey & Whitney Trust Company Decreased Holding in General Electric (GE) by $743,291 as Valuation Declined; Toronto (TD) Holder Foster & Motley Has Decreased Its Holding as Shares Declined

May 22, 2018 - By Henry Gaston

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Foster & Motley Inc decreased its stake in Toronto (TD) by 9.31% based on its latest 2017Q4 regulatory filing with the SEC. Foster & Motley Inc sold 23,572 shares as the company’s stock declined 1.92% with the market. The institutional investor held 229,643 shares of the commercial banks company at the end of 2017Q4, valued at $13.45M, down from 253,215 at the end of the previous reported quarter. Foster & Motley Inc who had been investing in Toronto for a number of months, seems to be less bullish one the $109.26 billion market cap company. The stock increased 0.48% or $0.28 during the last trading session, reaching $59.14. About 1.12 million shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 15.54% since May 22, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Dorsey & Whitney Trust Company Llc decreased its stake in General Electric Corp (GE) by 14.56% based on its latest 2017Q4 regulatory filing with the SEC. Dorsey & Whitney Trust Company Llc sold 43,723 shares as the company’s stock declined 23.20% with the market. The institutional investor held 256,550 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $4.48 million, down from 300,273 at the end of the previous reported quarter. Dorsey & Whitney Trust Company Llc who had been investing in General Electric Corp for a number of months, seems to be less bullish one the $133.05B market cap company. The stock increased 0.39% or $0.0591 during the last trading session, reaching $15.3191. About 56.85M 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.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It is negative, 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. Optimum Advsr invested 0.23% in General Electric Company (NYSE:GE). Triangle Securities Wealth Mgmt has invested 0.4% in General Electric Company (NYSE:GE). State Bank Of Mellon Corp has 82.04 million shares for 0.38% of their portfolio. Cornercap Inv Counsel stated it has 10,491 shares. Rothschild Il stated it has 373,338 shares. Assetmark Inc stated it has 0.01% in General Electric Company (NYSE:GE). State Of Alaska Department Of Revenue holds 0.33% or 785,801 shares in its portfolio. Hayek Kallen Inv Management holds 1.35% or 118,158 shares in its portfolio. Hyman Charles D reported 502,873 shares. Blb&B Advsrs Ltd Liability has invested 0.94% in General Electric Company (NYSE:GE). Macguire Cheswick & Tuttle Invest Counsel Ltd Liability accumulated 30,473 shares. Rmb Cap Mngmt Lc, a Illinois-based fund reported 164,006 shares. Gilman Hill Asset Management Limited Liability Company invested in 23,769 shares. Rhode Island-based Weybosset Research Ltd Liability Corp has invested 0.17% in General Electric Company (NYSE:GE). Moreover, Guardian Life Insurance Of America has 0.11% invested in General Electric Company (NYSE:GE).

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. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Wednesday, October 11 with “Buy” rating. Morgan Stanley maintained the shares of GE in report on Thursday, October 6 with “Equal-Weight” rating. The company was initiated on Thursday, January 21 by Citigroup. On Monday, April 4 the stock rating was downgraded by Bernstein to “Market Perform”. The firm earned “Hold” rating on Friday, January 26 by DZ Bank. On Monday, August 7 the stock rating was maintained by Cowen & Co with “Hold”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, November 14. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Thursday, January 25 by Citigroup. Oppenheimer maintained the shares of GE in report on Monday, July 24 with “Hold” rating.

Dorsey & Whitney Trust Company Llc, which manages about $541.89 million US Long portfolio, upped its stake in Ishares Msci Acwi Etf (ACWI) by 4,254 shares to 83,833 shares, valued at $6.04M in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Trust (SPY) by 3,876 shares in the quarter, for a total of 24,316 shares, and has risen its stake in Wisdomtree Us Midcap Dividend Fund (DON).

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity.

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 21.28 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.

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 Streetinsider.com with their article: “GE stock recovers from lows as key CEO presentation nears” published on May 22, 2018, Seekingalpha.com published: “General Electric: Selling Low?” on May 17, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “The 1 Thing General Electric Co. Must Do for Its Shareholders” published on May 22, 2018 as well as Livetradingnews.com‘s news article titled: “General Electric Company (NYSE:GE) Stock Worth Watching” with publication date: May 22, 2018.

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, September 1 by National Bank Canada. On Friday, August 26 the stock rating was downgraded by IBC to “Sector Performer”. The rating was upgraded by Credit Suisse on Tuesday, May 3 to “Outperform”. The firm earned “Outperform” rating on Friday, August 28 by RBC Capital Markets. The company was maintained on Wednesday, September 14 by Citigroup. The firm has “Buy” rating by Bank of America given on Tuesday, November 1. The company was upgraded on Tuesday, May 23 by Barclays Capital. On Monday, August 31 the stock rating was maintained by BMO Capital Markets with “Outperform”. The firm has “Buy” rating given on Tuesday, January 30 by Bank of America. RBC Capital Markets downgraded the shares of TD in report on Monday, March 13 to “Sector Perform” rating.

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Fool.ca which released: “3 Top Dividend Stocks for Your Income Portfolio” on May 20, 2018, also Fool.ca with their article: “Where Investors Can Find the Best Dividend-Paying Bank” published on May 22, 2018, Fool.ca published: “3 Dividend Stocks I’d Buy Right Now” on May 09, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Fool.ca and their article: “TFSA Bargain Hunters: Why it’s Time to Load Up on Toronto-Dominion Bank Before the “Sale” Ends” published on April 27, 2018 as well as Fool.ca‘s news article titled: “2 Top Canadian Dividend Stocks to Start Your TFSA Retirement Plan” with publication date: May 14, 2018.

Foster & Motley Inc, which manages about $913.18 million and $625.77 million US Long portfolio, upped its stake in Unum Group (NYSE:UNM) by 7,272 shares to 17,476 shares, valued at $959,000 in 2017Q4, according to the filing. It also increased its holding in Fifth Third Bancorp (NASDAQ:FITB) by 44,336 shares in the quarter, for a total of 56,026 shares, and has risen its stake in Wyndham Worldwide Corporation (NYSE:WYN).

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on May, 24 before the open. They expect $1.16 EPS, up 16.00% or $0.16 from last year’s $1 per share. TD’s profit will be $2.14 billion for 12.75 P/E if the $1.16 EPS becomes a reality. After $1.23 actual EPS reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -5.69% negative EPS growth.

General Electric Company (NYSE:GE) Institutional Positions Chart

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