Cbs New (CBS) Shareholder Chieftain Capital Management Lowered Its Stake; As General Electric Company (GE) Stock Price Declined, Advisor Partners Has Cut Stake

February 23, 2018 - By Winifred Garcia

John Shapiro decreased its stake in Cbs Corp New (CBS) by 3.54% based on its latest 2017Q3 regulatory filing with the SEC. Chieftain Capital Management Inc sold 103,626 shares as the company’s stock declined 6.13% while stock markets rallied. The hedge fund run by John Shapiro held 2.83M shares of the broadcasting company at the end of 2017Q3, valued at $163.87M, down from 2.93 million at the end of the previous reported quarter. Chieftain Capital Management Inc who had been investing in Cbs Corp New for a number of months, seems to be less bullish one the $20.86B market cap company. The stock increased 0.39% or $0.21 during the last trading session, reaching $54.53. About 324,001 shares traded. CBS Corporation (NYSE:CBS) has risen 18.35% since February 23, 2017 and is uptrending. It has outperformed by 1.65% the S&P500.

Advisor Partners Llc decreased its stake in General Electric Company (GE) by 8.91% based on its latest 2017Q3 regulatory filing with the SEC. Advisor Partners Llc sold 13,662 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 139,705 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.38 million, down from 153,367 at the end of the previous reported quarter. Advisor Partners Llc who had been investing in General Electric Company for a number of months, seems to be less bullish one the $126.70 billion market cap company. The stock increased 0.76% or $0.11 during the last trading session, reaching $14.61. About 10.81M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 23, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Since January 26, 2018, it had 1 buy, and 0 sales for $43,446 activity.

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. Utd Fire Grp has 275,000 shares. Patriot Wealth Mgmt holds 0.72% of its portfolio in General Electric Company (NYSE:GE) for 184,039 shares. Moreover, Arcadia Inv Management Mi has 0.11% invested in General Electric Company (NYSE:GE). Welch Group has 12,663 shares for 0.05% of their portfolio. Winch Advisory Serv invested in 0.02% or 985 shares. Comml Bank Of The Ozarks has 92,560 shares for 0.92% of their portfolio. Community Commercial Bank Of Raymore holds 884,643 shares or 10.01% of its portfolio. Jennison Assoc Ltd Liability Corporation holds 0.06% in General Electric Company (NYSE:GE) or 2.29 million shares. Dynamic Advsr Solutions Ltd Com invested in 1.59% or 166,770 shares. Maryland-based Court Place Advisors Limited Liability Company has invested 2.25% in General Electric Company (NYSE:GE). Buckhead Cap Mgmt reported 301,890 shares stake. Advisor Prns Lc has invested 0.66% of its portfolio in General Electric Company (NYSE:GE). Sg Americas Limited Liability Corp stated it has 0.69% of its portfolio in General Electric Company (NYSE:GE). The Colorado-based Semper Augustus Invs Gru Limited Com has invested 2.14% in General Electric Company (NYSE:GE). National Bank Of The West has 1.08% invested in General Electric Company (NYSE:GE).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 23 by Argus Research. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by S&P Research on Monday, August 17. The firm has “Hold” rating given on Thursday, December 28 by Tigress Financial. As per Tuesday, October 24, the company rating was downgraded by Oppenheimer. The rating was maintained by RBC Capital Markets on Monday, October 19 with “Outperform”. As per Monday, July 17, the company rating was maintained by Oppenheimer. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, January 30. Morgan Stanley maintained it with “Equal-Weight” rating and $27 target in Monday, July 17 report. The rating was downgraded by Bank of America on Wednesday, April 26 to “Neutral”. The rating was maintained by Bank of America on Tuesday, November 14 with “Buy”.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20. They expect $0.12 earnings per share, down 42.86% or $0.09 from last year’s $0.21 per share. GE’s profit will be $1.04 billion for 30.44 P/E if the $0.12 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -55.56% negative EPS growth.

Analysts await CBS Corporation (NYSE:CBS) to report earnings on May, 3. They expect $1.23 earnings per share, up 18.27% or $0.19 from last year’s $1.04 per share. CBS’s profit will be $470.57M for 11.08 P/E if the $1.23 EPS becomes a reality. After $1.15 actual earnings per share reported by CBS Corporation for the previous quarter, Wall Street now forecasts 6.96% EPS growth.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. Therefore 75% are positive. CBS Corp had 112 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 16. The rating was maintained by Pivotal Research with “Buy” on Tuesday, August 18. The stock of CBS Corporation (NYSE:CBS) has “Outperform” rating given on Friday, February 5 by Telsey Advisory Group. The firm has “Outperform” rating by Credit Suisse given on Friday, August 21. The firm earned “Buy” rating on Wednesday, October 4 by Citigroup. Wunderlich initiated the shares of CBS in report on Friday, October 21 with “Buy” rating. The stock of CBS Corporation (NYSE:CBS) earned “Equal-Weight” rating by Barclays Capital on Friday, August 11. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, October 12. The stock of CBS Corporation (NYSE:CBS) has “Buy” rating given on Monday, September 11 by BMO Capital Markets. Credit Suisse maintained the shares of CBS in report on Friday, November 3 with “Outperform” rating.

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