Washington Trust Bank Cut Its General Electric Co (GE) Holding; Bnp Paribas Arbitrage Sa Lowered News (NWSA) Position

News Corporation (NASDAQ:NWSA) Logo

Washington Trust Bank decreased General Electric Co (GE) stake by 81.7% reported in 2017Q4 SEC filing. Washington Trust Bank sold 202,358 shares as General Electric Co (GE)’s stock declined 23.20%. The Washington Trust Bank holds 45,322 shares with $791,000 value, down from 247,680 last quarter. General Electric Co now has $122.46 billion valuation. The stock increased 1.22% or $0.17 during the last trading session, reaching $14.1. About 41.91 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 6, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Bnp Paribas Arbitrage Sa decreased News Corp (NWSA) stake by 60.04% reported in 2017Q4 SEC filing. Bnp Paribas Arbitrage Sa sold 558,480 shares as News Corp (NWSA)’s stock declined 5.12%. The Bnp Paribas Arbitrage Sa holds 371,694 shares with $6.03B value, down from 930,174 last quarter. News Corp now has $9.44 billion valuation. The stock increased 1.64% or $0.26 during the last trading session, reaching $16.14. About 1.01M shares traded. News Corporation (NASDAQ:NWSA) has risen 23.85% since May 6, 2017 and is uptrending. It has outperformed by 12.30% the S&P500.

Since January 26, 2018, it had 1 buying transaction, and 0 insider sales for $43,446 activity. Another trade for 2,689 shares valued at $43,446 was made by DIMITRIEF ALEXANDER on Friday, January 26.

Washington Trust Bank increased Ishares Trust (EMB) stake by 19,299 shares to 19,410 valued at $2.25 million in 2017Q4. It also upped Pepsico Inc (NYSE:PEP) stake by 2,865 shares and now owns 14,942 shares. Bank Of America Corp (NYSE:BAC) was raised too.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “3D printing for the military at GE” on May 02, 2018, also Seekingalpha.com with their article: “GE Is No Bargain At $14” published on May 02, 2018, Seekingalpha.com published: “General Electric’s Death Could Be Best For Shareholders” on April 25, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Livetradingnews.com and their article: “General Electric Company (NYSE:GE) Trending Upwards” published on May 04, 2018 as well as 247Wallst.com‘s news article titled: “Why General Electric Earnings Are Brightening Investors’ Morning” with publication date: April 20, 2018.

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 has $67 highest and $1100 lowest target. $24.91’s average target is 76.67% above currents $14.1 stock price. General Electric Company had 101 analyst reports since July 21, 2015 according to SRatingsIntel. Standpoint Research initiated General Electric Company (NYSE:GE) on Friday, July 22 with “Sell” rating. The firm earned “Perform” rating on Monday, September 21 by Oppenheimer. Deutsche Bank downgraded it to “Sell” rating and $24 target in Friday, May 12 report. The firm earned “Hold” rating on Tuesday, April 3 by Stifel Nicolaus. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, July 10. RBC Capital Markets has “Buy” rating and $3500 target. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14. Bernstein downgraded General Electric Company (NYSE:GE) on Monday, April 4 to “Market Perform” rating. The rating was upgraded by Credit Suisse to “Focus List” on Wednesday, September 16. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, January 23 by UBS. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Oppenheimer on Monday, June 12.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It turned 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. Webster Commercial Bank N A, Connecticut-based fund reported 639,568 shares. Sfmg Ltd owns 22,977 shares for 0.07% of their portfolio. Joel Isaacson & Limited Liability Com has 0.29% invested in General Electric Company (NYSE:GE) for 95,249 shares. Gilman Hill Asset Mngmt Ltd holds 0.17% of its portfolio in General Electric Company (NYSE:GE) for 23,769 shares. Hudock Cap Lc holds 0.33% or 43,543 shares. Bangor Fincl Bank has 0.31% invested in General Electric Company (NYSE:GE) for 61,698 shares. The New York-based Qs Invsts Ltd has invested 0.15% in General Electric Company (NYSE:GE). Mufg Americas accumulated 0.7% or 1.35M shares. Security Natl Trust holds 0.64% of its portfolio in General Electric Company (NYSE:GE) for 113,178 shares. Regentatlantic Capital Ltd Limited Liability Company owns 136,218 shares or 0.19% of their US portfolio. Fred Alger stated it has 0.01% in General Electric Company (NYSE:GE). Tru Company Of Virginia Va owns 350,566 shares. Union Bancorporation Corporation holds 0.33% of its portfolio in General Electric Company (NYSE:GE) for 60,461 shares. Kamunting Street Cap LP reported 40,000 shares. Lumbard And Kellner Ltd Co holds 0.15% or 16,700 shares in its portfolio.

Bnp Paribas Arbitrage Sa increased Cambium Learning Group Inc (NASDAQ:ABCD) stake by 2,324 shares to 3,406 valued at $19.35 million in 2017Q4. It also upped Amplify Snack Brands Inc stake by 3,847 shares and now owns 7,336 shares. Southern Co/The (NYSE:SO) was raised too.

Among 7 analysts covering News Corporation (NASDAQ:NWSA), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. News Corporation had 15 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of News Corporation (NASDAQ:NWSA) has “Buy” rating given on Thursday, February 8 by Jefferies. Jefferies maintained the stock with “Buy” rating in Thursday, July 27 report. On Monday, October 16 the stock rating was maintained by Jefferies with “Buy”. The rating was downgraded by Wells Fargo on Monday, November 9 to “Market Perform”. The stock of News Corporation (NASDAQ:NWSA) has “Outperform” rating given on Tuesday, November 8 by CLSA. On Monday, June 26 the stock rating was maintained by Jefferies with “Buy”. Macquarie Research upgraded News Corporation (NASDAQ:NWSA) on Monday, July 27 to “Outperform” rating. The company was downgraded on Thursday, October 27 by Bank of America. The company was downgraded on Monday, May 9 by CLSA. The stock of News Corporation (NASDAQ:NWSA) has “Buy” rating given on Monday, September 11 by Jefferies.

News Corporation (NASDAQ:NWSA) Institutional Positions Chart