Todays Trade: Argus Trims General Electric Company (GE) Target Price to $33.00

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02 June, 2017

The dividend payment was $0.240 per share for the quarter or $0.96 on an annualized basis. The stock has a market capitalization of $238.37 billion, a P/E ratio of 27.95 and a beta of 1.20. Edmp Inc has invested 0.68% of its portfolio in General Electric Company (NYSE:GE). UBS Oconnor LLC boosted its position in General Electric Company by 795.5% in the first quarter. It has underperformed by 53.09% the S&P500. The fund owned 24,050 shares of the conglomerate's stock at the end of the first quarter. Why are the underperforming company shares moving higher? It has outperformed by 41.18% the S&P500.

As of Mar 31, 2017, American Electric had $175 million in cash and cash equivalents, compared with $210.5 million as of Dec 31, 2016. Its up 0.56, from 0.91 in 2016Q3. It is negative, as 68 investors sold GE shares while 818 reduced holdings. 67 funds opened positions while 253 raised stakes. The institutional investor owned 71,320 shares of the conglomerate's stock after buying an additional 1,700 shares during the period. General Electric Co now has $241.07B valuation. Turner Investments LLC acquired a new stake in General Electric Company during the fourth quarter worth approximately $161,000. 22,323 were reported by Kinsight Limited Liability Company. 448,246 are owned by Veritable L P. Lincoln invested in 10,688 shares or 0.24% of the stock. The Verity & Verity Llc holds 54,640 shares with $3.81M value, up from 23,949 last quarter. The reported figure however exceeded the Zacks Consensus Estimate of $3,874.4 million. M. Kraus & Co boosted its stake in General Electric Company by 7.8% in the third quarter. Rhumbline Advisers has invested 1.1% in General Electric Company (NYSE:GE). Horizon Invs Ltd Llc reported 49,545 shares stake. Virginia-based Pineno Levin Ford Asset Inc has invested 2.86% in General Electric Company (NYSE:GE). The New York-based Firefly Value Partners Lp has invested 0.05% in General Electric Company (NYSE:GE). Vetr cut shares of General Electric Company from a "strong-buy" rating to a "buy" rating and set a $33.56 price objective for the company.in a research report on Tuesday, April 4th. Therefore 52% are positive. Shares are trading -9.84% below their 50-day moving average, and -16.49% below their 200-day moving average. General Electric Company had 40 analyst reports since July 21, 2015 according to SRatingsIntel. Royal Bank of Canada dropped their price objective on shares of General Electric Company from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, April 24th. The legal version of this news story can be read at https://www.themarketsdaily.com/2017/06/01/credit-suisse-group-ag-reiterates-outperform-rating-for-general-electric-company-ge.html. The firm now has a sell rating on the conglomerate's stock. The firm has "Buy" rating given on Monday, August 17 by S&P Research. The stock has "Hold" rating by Jefferies on Tuesday, November 15. The firm has "Hold" rating given on Friday, July 29 by Hilliard Lyons.

It has been about a month since the last earnings report for American Electric Power Company, Inc.

Since January 23, 2017, it had 5 buys, and 1 sale for $1.20 million activity. IMMELT JEFFREY R bought 100,000 shares worth $2.81 million. Bornstein Jeffrey S had bought 5,000 shares worth $148,150 on Tuesday, January 31. On average, equities analysts forecast that General Electric Company will post $1.63 earnings per share for the current fiscal year. 1,212 shares were sold by Kerris Robert F, worth $71,411. From the start of the calendar year, shares have been 14.01%.

So far we've looked at the technical indicators that showcase the immediate and historical movement of the stock. More interesting news about CLARCOR Inc.

Per GE's cash guidance of $27bn (CFOA) in 2017-2018 (total $25-29bn), this implies $13bn CFOA (midpoint target this year) and $14bn next year. Its up 0.05, from 0.88 in 2016Q3. And it remains to be seen which target price GE can achieve without sacrificing much as the company is holding a -9.16% fall for the past twelve months. Granahan Management Ma accumulated 56,571 shares. It is 0.00% or $0 reaching $6.81 per share. Alpine Vi Limited Com owns 32,478 shares or 0.48% of their United States portfolio. Raymond James Financial Svcs Inc owns 2.40 million shares. Kbc Group Nv owns 158,495 shares. (NASDAQ:ACAD). California State Teachers Retirement Sys holds 0.01% of its portfolio in ACADIA Pharmaceuticals Inc. 1,318 are held by Victory Cap Management. Klingenstein Fields & Ltd Co accumulated 4,080 shares or 0.01% of the stock. Profund Lc has invested 0.04% in Ebix Inc (NASDAQ:EBIX).

Weatherbie Capital Llc increased Acadia Pharmaceuticals Inc Com (Call) (ACAD) stake by 1298.36% reported in 2016Q4 SEC filing. Waddell And Reed Financial holds 0.33% or 4.78 million shares in its portfolio. Td Mngmt Limited Co reported 252 shares.

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