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GM shares rise on earnings beat, solid forecast
25 October 2017, 12:34 | Erma Lawrence
GM rallies after posting profit in every segment
General Motors Co. posted a quarterly net loss over charges from the sale of its Opel unit in Europe to France's PSA Group.
North America EBIT $2.1B vs. $3.6B a year ago. Aberdeen Asset Management Public Limited Uk holds 0.07% or 636,741 shares in its portfolio. Ingalls & Snyder LLC raised its position in shares of Ford Motor by 12.7% in the 3rd quarter. Despite the drop, GM stock was still likely up due to its earnings per share beating out Wall Street's estimate of $1.13 for the quarter. Finally, PGGM Investments grew its stake in General Motors by 16.6% in the 3rd quarter. 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.
In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the business's stock in a transaction that occurred on Friday, October 6th. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Craig B. Glidden sold 192,954 shares of the business's stock in a transaction that occurred on Monday, October 2nd. The disclosure for this sale can be found here.
Among 27 analysts covering General Motors Company (NYSE:GM), 14 have Buy rating, 2 Sell and 11 Hold. Svcs Automobile Association owns 479,693 shares or 0.05% of their U.S. portfolio. General Motors Company had 68 analyst reports since July 24, 2015 according to SRatingsIntel. Zacks Investment Research downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Tuesday. The rating was maintained by Morgan Stanley on Thursday, September 21 with "Overweight". General Motors Company (NYSE:GM) has risen 7.92% since October 24, 2016 and is uptrending. The stock has "Strong Buy" rating by S&P Research on Friday, September 18. New York-based Midas Mgmt Corp has invested 0.85% in General Motors Company (NYSE:GM). Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Ford Motor now has a consensus rating of "Hold" and a consensus price target of $12.44. State of Alaska Department of Revenue boosted its holdings in General Motors by 10.5% during the second quarter. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of US & worldwide trademark & copyright laws.
It is interesting to note that General Motors Company (NYSE:GM) is active and made a solid movement in the last trading day. Stewart & Patten Co Llc who had been investing in Ford Motor Co for a number of months, seems to be less bullish one the $48.40 billion market cap company. Dimensional Fund Advisors LP has invested 0.23% in General Motors Company (NYSE:GM).
It is trading at $45.15 barely above $41.53, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $36.38. General Motors Company now has $67.70B valuation. For the full year, analysts are looking for EPS of $6.12 and revenues of $146.21 billion. The institutional investor held 177,204 shares of the auto manufacturing company at the end of 2017Q2, valued at $6.19 million, up from 162,204 at the end of the previous reported quarter. The business's revenue for the quarter was down 16.6% compared to the same quarter past year. Mathes Company Inc. raised its position in shares of Ford Motor by 9.8% in the 3rd quarter.
On 10/23/2017 announced a quarterly dividend of $0.38 with an ex dividend date of which will be payable on 12/8/2017. This dividend represents a yield of $3.35 which is the dividend as a percentage of the current share price. General Motors's dividend payout ratio is presently 26.48%. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc.
GM delivered a total of 781,056 vehicles in its home market, with a remarkable 25-percent increase in retail crossover sales. It is negative, as 75 investors sold GM shares while 286 reduced holdings.
Golmaal Again emerges as the biggest opener of 2017!
Golmaal Again has reached a stage from where it is now crossing lifetime numbers of other major successes with every passing day. The opening of the film was estimated at 20 to 25 crores, but with 80 -90 percent of the occupancy, the breakup became obsolete.
Dow pierces 23000 but ends below milestone
Shares of Anthem ( ANTM.N ) were up 1.9 percent, while shares of Tenet Healthcare ( THC.N ) were up 5.3 percent. Also boosting some health insurers and U.S. hospital operators was news of a bipartisan deal in the U.S.