Cutler Capital Management Has Cut Apple (AAPL) Stake by $709,632; Market Valuation Rose; As General Electric (GE) Share Value Declined, Monarch Capital Management Has Upped Holding by $329,832

January 14, 2018 - By Jacob Smith

Monarch Capital Management Inc increased its stake in General Electric (GE) by 8.26% based on its latest 2017Q3 regulatory filing with the SEC. Monarch Capital Management Inc bought 13,743 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 180,190 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.36 million, up from 166,447 at the end of the previous reported quarter. Monarch Capital Management Inc who had been investing in General Electric for a number of months, seems to be bullish on the $162.69B market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08 million shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Cutler Capital Management Llc decreased its stake in Apple Inc (AAPL) by 20.5% based on its latest 2017Q3 regulatory filing with the SEC. Cutler Capital Management Llc sold 4,608 shares as the company’s stock rose 12.78% with the market. The institutional investor held 17,866 shares of the computer manufacturing company at the end of 2017Q3, valued at $2.75 million, down from 22,474 at the end of the previous reported quarter. Cutler Capital Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.87 billion market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 14, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It worsened, 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. Burns J W And holds 1.13% in General Electric Company (NYSE:GE) or 175,111 shares. Northstar Inv Advisors Llc owns 30,961 shares or 0.15% of their US portfolio. Hilltop holds 0.24% of its portfolio in General Electric Company (NYSE:GE) for 33,215 shares. Crawford Inv Counsel holds 0.12% or 158,841 shares. Mercer Cap Advisers Incorporated has invested 0.38% of its portfolio in General Electric Company (NYSE:GE). Ameriprise Fincl accumulated 0.23% or 20.10M shares. New Jersey-based Highlander Capital Mgmt Limited Liability Co has invested 0.75% in General Electric Company (NYSE:GE). Weatherly Asset Management Limited Partnership holds 1.04% of its portfolio in General Electric Company (NYSE:GE) for 161,858 shares. Macquarie Gp has 212,109 shares for 0.01% of their portfolio. Beaumont Fincl Partners Ltd Company invested in 0.25% or 82,120 shares. Fil Ltd has invested 1.02% in General Electric Company (NYSE:GE). Coastline Tru Communication stated it has 0.35% in General Electric Company (NYSE:GE). Stanley reported 0.17% in General Electric Company (NYSE:GE). Aspiriant Ltd owns 0.16% invested in General Electric Company (NYSE:GE) for 79,056 shares. 714,756 are held by Barrett Asset Management Ltd Com.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. $633,375 worth of General Electric Company (NYSE:GE) was sold by Comstock Elizabeth J. $2.46 million worth of General Electric Company (NYSE:GE) was bought by TISCH JAMES S.

Monarch Capital Management Inc, which manages about $312.53M and $268.23 million US Long portfolio, decreased its stake in Mcdonald’s (NYSE:MCD) by 2,558 shares to 59,817 shares, valued at $9.37 million in 2017Q3, according to the filing.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Hold” on Monday, July 24. Credit Suisse maintained it with “Buy” rating and $34 target in Wednesday, April 12 report. The rating was maintained by RBC Capital Markets on Monday, April 24 with “Outperform”. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, October 23 report. The company was maintained on Wednesday, October 11 by RBC Capital Markets. The firm has “Focus List” rating given on Wednesday, September 16 by Credit Suisse. The firm has “Underperform” rating by Oppenheimer given on Tuesday, October 24. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 30. Deutsche Bank maintained the stock with “Sell” rating in Monday, September 11 report. The rating was maintained by JP Morgan with “Underweight” on Wednesday, November 1.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08B for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo maintained the stock with “Hold” rating in Tuesday, August 1 report. The rating was maintained by Argus Research with “Buy” on Wednesday, January 27. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, December 17. Barclays Capital maintained the shares of AAPL in report on Friday, November 3 with “Hold” rating. The rating was maintained by UBS with “Buy” on Monday, November 16. The firm earned “Outperform” rating on Wednesday, April 27 by FBN Securities. The stock of Apple Inc. (NASDAQ:AAPL) has “Overweight” rating given on Wednesday, October 26 by PiperJaffray. On Monday, June 26 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Nomura on Friday, September 11. The rating was maintained by Maxim Group with “Buy” on Monday, June 19.

Cutler Capital Management Llc, which manages about $356.71 million and $224.69M US Long portfolio, upped its stake in Ny Comm Banc (NYSE:NYCB) by 44,400 shares to 111,800 shares, valued at $1.44 million in 2017Q3, according to the filing. It also increased its holding in Eqt Corp by 76,500 shares in the quarter, for a total of 85,000 shares, and has risen its stake in Spirit Realty (Prn).

Since August 7, 2017, it had 0 insider buys, and 12 sales for $93.68 million activity. The insider FEDERIGHI CRAIG sold $9.98M. Shares for $1.01M were sold by KONDO CHRIS on Tuesday, August 15. Shares for $948,612 were sold by Srouji Johny. On Monday, August 7 the insider LEVINSON ARTHUR D sold $5.52 million. 268,623 shares valued at $43.15M were sold by COOK TIMOTHY D on Thursday, August 24. The insider SEWELL D BRUCE sold 31,625 shares worth $5.00M.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Weitz Investment Mngmt owns 140 shares. Verition Fund Management Limited Liability Corporation accumulated 9,802 shares. Sta Wealth Limited Company stated it has 0.36% of its portfolio in Apple Inc. (NASDAQ:AAPL). Private Wealth Prns Ltd Liability Corporation has invested 5.64% in Apple Inc. (NASDAQ:AAPL). Wellington Shields & Co Ltd Llc holds 0.81% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 15,854 shares. Baillie Gifford & Com has invested 0.02% in Apple Inc. (NASDAQ:AAPL). Thomaspartners stated it has 1.26% in Apple Inc. (NASDAQ:AAPL). Bb&T Corporation stated it has 1.48% of its portfolio in Apple Inc. (NASDAQ:AAPL). First Bancorporation stated it has 64,502 shares. Gould Asset Management Ltd Liability Company Ca invested in 0.48% or 6,989 shares. Adams Diversified Equity Fund Inc reported 480,500 shares stake. Mairs & owns 17,657 shares. Thornburg Invest reported 0.49% in Apple Inc. (NASDAQ:AAPL). Virtu Fincl holds 0% or 51,179 shares. First Commercial Bank Of Hutchinson holds 4,117 shares.

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