As Apple (AAPL) Valuation Rose, West Coast Financial Upped Its Position; Glenview State Bank Trust Lowered Holding in General Electric Co (GE) as Share Value Declined

January 14, 2018 - By wolcottdaily

West Coast Financial Llc increased its stake in Apple Inc (AAPL) by 26.41% based on its latest 2017Q3 regulatory filing with the SEC. West Coast Financial Llc bought 18,066 shares as the company’s stock rose 12.78% with the market. The institutional investor held 86,482 shares of the computer manufacturing company at the end of 2017Q3, valued at $13.33 million, up from 68,416 at the end of the previous reported quarter. West Coast Financial Llc who had been investing in Apple Inc for a number of months, seems to be bullish on the $900.87B market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M 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.

Glenview State Bank Trust decreased its stake in General Electric Co (GE) by 10.71% based on its latest 2017Q3 regulatory filing with the SEC. Glenview State Bank Trust sold 16,050 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 133,816 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.24 million, down from 149,866 at the end of the previous reported quarter. Glenview State Bank Trust who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69 billion 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.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It improved, 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. Norman Fields Gottscho Cap Management Limited Co holds 3.44% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 37,148 shares. Fort Point Prtn Ltd Com reported 3.98% stake. Moreover, Northwest Counselors Ltd Com has 1.37% invested in Apple Inc. (NASDAQ:AAPL). Clifford Swan Invest Counsel Ltd Limited Liability Company accumulated 339,976 shares. Moreover, Hikari Tsushin Inc has 0.36% invested in Apple Inc. (NASDAQ:AAPL). Summit Fincl Wealth Advsr Ltd Liability reported 15,594 shares. Tanaka Cap Mngmt Inc has 7.88% invested in Apple Inc. (NASDAQ:AAPL). Groesbeck Mngmt Nj stated it has 4,791 shares or 0.53% of all its holdings. 1.53M are owned by Sei Investments. Wellington Shields & Ltd Liability Co has 15,854 shares. Rosenblum Silverman Sutton S F Incorporated Ca has 0.16% invested in Apple Inc. (NASDAQ:AAPL). Confluence Wealth Llc holds 1.3% or 17,167 shares. Hugh Johnson Advsrs Lc has invested 2.52% in Apple Inc. (NASDAQ:AAPL). Df Dent And Co has invested 0.04% in Apple Inc. (NASDAQ:AAPL). Princeton Port Strategies Group Ltd Liability Corp holds 2.98% or 71,432 shares in its portfolio.

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. Rosenblatt maintained the stock with “Buy” rating in Tuesday, November 21 report. Goldman Sachs initiated Apple Inc. (NASDAQ:AAPL) on Tuesday, September 22 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, September 22 report. On Tuesday, December 19 the stock rating was downgraded by Nomura to “Hold”. Robert W. Baird maintained Apple Inc. (NASDAQ:AAPL) on Friday, June 2 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, September 4 by RBC Capital Markets. The company was upgraded on Friday, November 3 by Rosenblatt. Barclays Capital maintained the shares of AAPL in report on Monday, December 14 with “Overweight” rating. On Thursday, September 15 the stock rating was maintained by Credit Suisse with “Outperform”. Cowen & Co maintained the stock with “Market Perform” rating in Friday, September 11 report.

Since August 7, 2017, it had 0 insider buys, and 12 selling transactions for $93.68 million activity. KONDO CHRIS sold $1.01 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, August 15. $43.15M worth of Apple Inc. (NASDAQ:AAPL) was sold by COOK TIMOTHY D on Thursday, August 24. Shares for $9.98 million were sold by FEDERIGHI CRAIG. On Wednesday, August 16 Srouji Johny sold $1.70M worth of Apple Inc. (NASDAQ:AAPL) or 10,469 shares. SCHILLER PHILIP W had sold 56,808 shares worth $8.79M. 31,625 shares valued at $5.00M were sold by SEWELL D BRUCE on Monday, August 7.

West Coast Financial Llc, which manages about $486.79 million and $368.41M US Long portfolio, decreased its stake in Ishares Tr (IJR) by 61,249 shares to 650,915 shares, valued at $48.31 million in 2017Q3, according to the filing.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51B for 16.17 P/E if the $0.29 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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 firm has “Buy” rating by RBC Capital Markets given on Monday, July 10. The stock has “Sell” rating by Standpoint Research on Friday, July 22. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, June 12 with “Hold” rating. The rating was maintained by Oppenheimer with “Hold” on Monday, July 17. The firm has “Buy” rating given on Tuesday, October 20 by S&P Research. The stock has “Buy” rating by TheStreet on Tuesday, July 21. Argus Research maintained the shares of GE in report on Wednesday, December 23 with “Buy” rating. Langenberg upgraded General Electric Company (NYSE:GE) on Monday, November 13 to “Buy” rating. The stock of General Electric Company (NYSE:GE) has “Underweight” rating given on Monday, October 23 by Morgan Stanley. The company was downgraded on Tuesday, November 14 by RBC Capital Markets.

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity. Shares for $2.66M were bought by Flannery John Leonard. TISCH JAMES S bought $2.46M worth of stock or 100,000 shares.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It is negative, 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. Alexandria Cap Llc holds 33,853 shares or 0.21% of its portfolio. Northrock Ptnrs Ltd has 0.1% invested in General Electric Company (NYSE:GE) for 10,791 shares. Garde Capital Incorporated holds 0.18% or 38,768 shares. Nexus Invest Management Inc owns 764,635 shares. Fincl Engines Advsr Limited Liability Com has 1,210 shares. Haverford Co has 1.47 million shares for 0.74% of their portfolio. Gofen & Glossberg Lc Il has invested 1.72% in General Electric Company (NYSE:GE). Grimes And holds 0.34% of its portfolio in General Electric Company (NYSE:GE) for 130,712 shares. Cape Cod Five Cents Bancorp invested 1.2% of its portfolio in General Electric Company (NYSE:GE). Notis holds 80,655 shares. Congress Asset Communications Ma invested 0.07% of its portfolio in General Electric Company (NYSE:GE). 2.92M were reported by Amp Ltd. Moreover, Fairfield Bush And has 0.44% invested in General Electric Company (NYSE:GE). Selway Asset Management reported 1.54% of its portfolio in General Electric Company (NYSE:GE). Coho Limited holds 32,738 shares.

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