Institutional investors now have $40.14 billion stake in General Motors Company (GM)

27 July, 2017, 14:39 | Author: Celia Hoffman
  • Is General Motors Company (NYSE:GM) Losing Ground

Several other large investors have also modified their holdings of the stock. The fund owned 151,687 shares of the auto manufacturer's stock after buying an additional 18,652 shares during the period. Acadian Asset Management LLC increased its stake in Ford Motor by 130.3% in the first quarter. WINTON GROUP Ltd now owns 4,625,995 shares of the auto manufacturer's stock valued at $55,836,000 after buying an additional 2,125,994 shares in the last quarter. Vanguard Group Inc. boosted its stake in General Motors by 3.2% in the first quarter.

The company declined -0.18% and closed its last trading session at $11.29. This means that GM's financial statements now exclude Europe for both 2016 and 2017 when it comes to results from continuing operations. State Treasurer State of MI now owns 1,282,190 shares of the auto manufacturer's stock valued at $14,925,000 after buying an additional 5,800 shares during the last quarter.

Looking forward, the company is expected to report earnings of $1.22 per share for the current quarter. Valuation of the business is $54.03 B, a price to earnings ratio of 5.538 along with a stock beta of 1.45. the firms 50 Day SMA price is $35.00 and the 200 day SMA is $35.28. General Motors also was the target of unusually large options trading on Monday. Market traders purchased 26,435 bearish put options on the stock. this indicates a gain of 328% compared to the consensus volume of 6,179 bearish put options. This represents an increase of approximately 122% compared to the typical volume of 8,031 put options.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $1.89 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.72 by $0.17.

For the second quarter, revenue dropped from $37.4 billion a year earlier to $37 billion, which was below estimates of $40.1 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Ford Monthly Sales Call" The conference call also will be webcast live, on a listen-only basis, at Replays - Available after 12:45 p.m. EDT the day of the event through August 8, 2017 Toll Free: "1-855-859-2056 or 1-800-585-8367 worldwide: "1-404-537-3406 Passcode: "33813243 The replay also will be available on About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.32%. Ford Motor's dividend payout ratio (DPR) is now 64.52%.

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According to CNN Money, the 27 analysts, offering 12-month forecasts regarding General Motors' stock price, have a median target of $39.70, with a high estimate of $52.00 and a low estimate of $31.00. Zacks Investment Research cut Ford Motor from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 29th. BidaskClub raised shares of Ford Motor from a sell rating to a hold rating in a research note on Wednesday, July 5th. Wolfe Research started coverage on Ford Motor in a research report on Tuesday, June 13th. Fowler Bennie W. also sold $1.17M worth of Ford Motor Company (NYSE:F) on Thursday, March 2. The stock now has a consensus rating of "Hold" and an average target price of $13.43.

In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. 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 document filed with the SEC, which can be accessed through the SEC website. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles.



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