GM earnings fall, outlook holds steady

Is General Motors Company (NYSE:GM) Losing Ground
General Motors Company (NYSE:GM) Receives An Update From Brokers
Author

27 July, 2017

LVW Advisors LLC held its position in Ford Motor Company (NYSE:F) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The insider now directly owns 3,120 shares worth $110,978.

Other institutional investors also recently made changes to their positions in the company.

Despite the automaker's ability to beat Wall Street's expectations, Brian Johnson, an analyst with Barclays, doesn't expect the company's stock price to increase much above its recent trading price of about US$35 per share. Finally, State Treasurer State of MI increased its stake in Ford Motor by 0.5% in the first quarter. North Star Investment Management has an ownership of 5,215 stocks of the auto manufacturer's shares valued at $184,000 after scooping up an extra 42 stocks in the previous period. Geode Capital Management LLC now owns 14,071,387 shares of the auto manufacturer's stock valued at $496,891,000 after buying an additional 1,266,564 shares in the last quarter. Camelot Portfolios LLC increased its stake in Ford Motor by 16.0% in the first quarter.

Hedge funds have recently bought and sold shares of the company. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the stock a sell rating in a research report on Monday, June 12th. The company now has an average rating of "Hold" and a consensus price target of $13.43. Ford Motor has a one year low of $10.67 and a one year high of $13.99. The stock's 50 day moving average price is $11.31 and its 200 day moving average price is $11.74. General Motors also was the target of unusually large options trading on Monday. Stock traders acquired 26,435 put options on the company. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion.

Diluted EPS for trailing twelve months is 6.47 and Quarterly Earnings Growth year over year is 33.5 Percent.

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Several analysts have released their opinion on General Motors Company (NYSE:GM), with 4 analysts believing it is a strong buy.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a $0.15 dividend. The ex-dividend date was Wednesday the 7th of June 2017. This represents a $0.60 annualized dividend and a dividend yield of 5.32%. If you are viewing this piece on another website, it was stolen and republished in violation of United States and worldwide trademark and copyright law. The correct version of this story can be read at https://sportsperspectives.com/2017/07/26/gateway-investment-advisers-llc-has-3-35-million-position-in-general-motors-company-gm.html.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of General Motors from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 19th. Buckingham Research upgraded the shares of F in report on Thursday, October 15 to "Buy" rating. Finally, Nomura reaffirmed a buy rating and issued a $14.80 target price on shares of Ford Motor in a research report on Tuesday, May 2nd. They issued a "neutral" rating and a $13.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. The third largest holder is Harris Associates L P, which now holds $2.28 billion worth of this stock and that ownership represents almost 4.21% of its market capitalization. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc. The Business's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc.

It fall, as 77 investors sold F shares while 407 reduced holdings.

The (Simple Month Average) SMA20 is at 0.29 percent, its SMA50 Value is 3.11% and SMA200 value is reported as 2.17 Percent.


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