Boyar Asset Management Has Cut Its Holding in General Electric Co (GE) by $1.01 Million; As Lockheed Martin (LMT) Shares Rose, Holder Sabal Trust Co Has Decreased Its Position by $341,865

May 23, 2018 - By Peter Erickson

General Electric Company (NYSE:GE) Logo

Sabal Trust Co decreased its stake in Lockheed Martin Corp (LMT) by 1.23% based on its latest 2017Q4 regulatory filing with the SEC. Sabal Trust Co sold 1,065 shares as the company’s stock rose 6.55% while stock markets declined. The institutional investor held 85,408 shares of the military and government and technical company at the end of 2017Q4, valued at $27.42 million, down from 86,473 at the end of the previous reported quarter. Sabal Trust Co who had been investing in Lockheed Martin Corp for a number of months, seems to be less bullish one the $92.89 billion market cap company. The stock increased 2.58% or $8.19 during the last trading session, reaching $325.32. About 1.60M shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 26.83% since May 23, 2017 and is uptrending. It has outperformed by 15.28% the S&P500.

Boyar Asset Management Inc decreased its stake in General Electric Co (GE) by 73.04% based on its latest 2017Q4 regulatory filing with the SEC. Boyar Asset Management Inc sold 59,245 shares as the company’s stock declined 23.20% with the market. The hedge fund held 21,869 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $382,000, down from 81,114 at the end of the previous reported quarter. Boyar Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $123.16 billion market cap company. The stock decreased 7.26% or $1.11 during the last trading session, reaching $14.18. About 145.92M shares traded or 105.30% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Tracking Nelson Peltz’s Trian Fund Management Portfolio – Q1 2018 Update” on May 23, 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: “GE: The Real Problem” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Marketwatch.com and their article: “GE’s stock plunges toward worst day in 9 years after CEO John Flannery starts talking” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric’s Brilliant Move” with publication date: May 23, 2018.

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 103 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, April 24. RBC Capital Markets has “Outperform” rating and $35 target. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Bank of America on Tuesday, November 14. The rating was maintained by RBC Capital Markets with “Buy” on Monday, July 10. Morgan Stanley downgraded the shares of GE in report on Monday, October 23 to “Underweight” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, November 14. RBC Capital Markets maintained it with “Buy” rating and $27.0 target in Wednesday, October 11 report. The firm has “Outperform” rating by Credit Suisse given on Thursday, October 5. Vetr upgraded the shares of GE in report on Wednesday, August 26 to “Buy” rating. The firm has “Hold” rating by Cowen & Co given on Thursday, October 19. The company was maintained on Wednesday, April 11 by Cowen & Co.

Since January 26, 2018, it had 1 insider purchase, and 0 insider 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 19.69 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.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It worsened, 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. Bryn Mawr Trust invested 0.72% of its portfolio in General Electric Company (NYSE:GE). Horizon Kinetics Limited Liability reported 67,702 shares stake. High Pointe Mngmt Limited Liability holds 0.75% in General Electric Company (NYSE:GE) or 31,700 shares. Greenleaf Tru has 0.02% invested in General Electric Company (NYSE:GE). Markston International Lc stated it has 15,685 shares or 0.03% of all its holdings. Wolverine Asset Lc has 307,549 shares for 0.05% of their portfolio. M&T National Bank & Trust owns 0.47% invested in General Electric Company (NYSE:GE) for 5.09M shares. National Bank & Trust Of The Ozarks reported 92,817 shares. Janney Cap Ltd Limited Liability Company stated it has 117,402 shares. Glenview Bancorp Tru Dept holds 0.52% of its portfolio in General Electric Company (NYSE:GE) for 65,079 shares. Modera Wealth Management Lc reported 58,991 shares. Wasatch Advsrs holds 13,854 shares or 0% of its portfolio. Inverness Counsel Limited Liability Com holds 31,108 shares or 0.03% of its portfolio. Aristotle Cap Management Lc stated it has 3.76M shares or 0.46% of all its holdings. Congress Asset Com Ma has 0.01% invested in General Electric Company (NYSE:GE) for 50,967 shares.

Investors sentiment decreased to 1.18 in Q4 2017. Its down 0.06, from 1.24 in 2017Q3. It fall, as 37 investors sold LMT shares while 381 reduced holdings. 103 funds opened positions while 390 raised stakes. 218.89 million shares or 1.12% less from 221.38 million shares in 2017Q3 were reported. First Citizens Comml Bank reported 3,709 shares or 0.16% of all its holdings. Moreover, Private Wealth Partners Ltd Liability Company has 0.25% invested in Lockheed Martin Corporation (NYSE:LMT) for 4,259 shares. Paloma Prns Mngmt has 0.05% invested in Lockheed Martin Corporation (NYSE:LMT) for 10,538 shares. North Carolina-based First Personal Ser has invested 0.12% in Lockheed Martin Corporation (NYSE:LMT). Raymond James Financial Svcs Advsr holds 0.18% or 92,035 shares in its portfolio. Strs Ohio holds 0.19% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 138,499 shares. 646,793 are held by Bahl And Gaynor. Sabal Trust invested in 85,408 shares. Regentatlantic Cap Lc invested in 2,497 shares. Rock Point Advsr Lc owns 766 shares. 12,131 were accumulated by Canandaigua Comml Bank & Tru Commerce. accumulated 4.31 million shares. 2,900 were accumulated by Gator Cap Mngmt Ltd Liability Company. Sadoff Invest Limited Liability has 826 shares. Hallmark Cap reported 5,840 shares.

Among 23 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Lockheed Martin Corporation had 86 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $289.0 target in Friday, September 29 report. The rating was maintained by Wells Fargo on Tuesday, January 30 with “Hold”. Berenberg downgraded the shares of LMT in report on Tuesday, May 31 to “Hold” rating. The rating was maintained by Robert W. Baird on Thursday, September 28 with “Buy”. The company was upgraded on Monday, September 19 by Wells Fargo. Credit Suisse maintained Lockheed Martin Corporation (NYSE:LMT) rating on Tuesday, May 22. Credit Suisse has “Hold” rating and $33500 target. The rating was maintained by RBC Capital Markets on Tuesday, July 18 with “Hold”. Buckingham Research maintained the stock with “Buy” rating in Thursday, October 5 report. The rating was upgraded by Zacks to “Buy” on Thursday, September 3. The firm has “Buy” rating given on Monday, January 29 by Stifel Nicolaus.

Sabal Trust Co, which manages about $981.40M US Long portfolio, upped its stake in Southern Co (NYSE:SO) by 9,170 shares to 493,330 shares, valued at $23.72M in 2017Q4, according to the filing. It also increased its holding in Pfizer Inc (NYSE:PFE) by 9,028 shares in the quarter, for a total of 959,188 shares, and has risen its stake in Ishares Tr (CIU).

Since January 29, 2018, it had 0 insider buys, and 2 sales for $9.28 million activity. Ambrose Richard F sold $2.69M worth of Lockheed Martin Corporation (NYSE:LMT) on Thursday, February 1.

More notable recent Lockheed Martin Corporation (NYSE:LMT) news were published by: Seekingalpha.com which released: “Lockheed Martin: The Time To Buy Is Now” on May 21, 2018, also Seekingalpha.com with their article: “Marines take possession of King Stallion” published on May 17, 2018, Bizjournals.com published: “Lockheed Martin, Northrop Grumman, more, land $41.7M in local defense work” on May 04, 2018. More interesting news about Lockheed Martin Corporation (NYSE:LMT) were released by: Bizjournals.com and their article: “Marinette shipyard has two chances to win multibillion-dollar Navy contract as LCS winds down” published on May 23, 2018 as well as Seekingalpha.com‘s news article titled: “Lockheed Martin: Opportunity On Price Drop” with publication date: April 27, 2018.

Analysts await Lockheed Martin Corporation (NYSE:LMT) to report earnings on July, 17. They expect $3.85 earnings per share, up 19.20% or $0.62 from last year’s $3.23 per share. LMT’s profit will be $1.10 billion for 21.12 P/E if the $3.85 EPS becomes a reality. After $4.02 actual earnings per share reported by Lockheed Martin Corporation for the previous quarter, Wall Street now forecasts -4.23% negative EPS growth.

Lockheed Martin Corporation (NYSE:LMT) Institutional Positions Chart

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