General Motors Company (GM) Stock Pops on Earnings Beat

25 October, 2017, 00:56 | Author: Regina Lloyd
  • Mary Barra chief executive officer of General Motors Co

Other hedge funds and other institutional investors have also bought and sold shares of the company. Over the last five trading sessions, the stock has moved -1.33%. Summit X LLC acquired a new position in General Motors in the 3rd quarter valued at about $209,000. Banque Pictet And Cie has 0.02% invested in General Motors Company (NYSE:GM). Indiana-based First In has invested 0.03% in General Motors Company (NYSE:GM).

Reuter's analysts forecast $1.12 per share. The firm's revenue was down 16.6% on a year-over-year basis. Diamond Hill Capital Management Inc. now owns 16,100,432 shares of the auto manufacturer's stock valued at $192,722,000 after acquiring an additional 530,731 shares during the period. Kingstown Capital Management Lp sold 100,000 shares as General Mtrs Co (GM)'s stock declined 12.09%. Following the transaction, the president now directly owns 153,850 shares in the company, valued at $5,692,450. The disclosure for this sale can be found here.

Total shares held by institutions as of the most recent company filings are 1,209,599,638 with a reported 59,162,065 bought and 119,563,559 sold. Baldwin Brothers Ma owns 500 shares for 0% of their portfolio.

Sterneck Capital Management Llc increased General Mtrs Co (GM) stake by 66.36% reported in 2017Q2 SEC filing. On September 21 Morgan Stanley made no change to the company rating of "Overweight" but raised the price expectation from $40.00 to $43.00. Standpoint Research downgraded General Motors Company (NYSE:GM) on Thursday, September 14 to "Hold" rating. UBS maintained it with "Buy" rating and $50.0 target in Thursday, October 22 report.

On September 25 the stock rating was upgraded to "Buy" from "Hold" in a statement from Deutsche Bank. Old Mutual Global Investors UK Ltd. boosted its stake in shares of General Motors Company by 47.6% in the second quarter.

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GM shares were $1.41, or 3.1%, to the good, to $46.56 mid-morning Tuesday.

The company is trading down from yesterday's close of 45.61. General Motors has a 52-week low of $30.21 and a 52-week high of $46.76. The stock's 50 day moving average price is $35.09 and its 200-day moving average price is $32.04. As per Tuesday, July 11, the company rating was maintained by RBC Capital Markets. Its down 0.06, from 1.08 in 2017Q1. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%.

Third-quarter revenue fell 13.5% from a year earlier to $33.6 billion. During the same quarter in the previous year, the company earned $1.72 EPS. Ford Motor's revenue was down.5% compared to the same quarter a year ago. Despite the negative connotation to that figure, the results beat Wall Street analysts' expectations, with the majority of the negative figures surrounding the sale of the company's European assets. Investors of record on Wednesday, December 7th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.37%. General Motors's dividend payout ratio is presently 26.48%.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company also swung to an operating gain in South America from a loss in the year-ago period.



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