February 25, 2018

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 Company (GM) Backs Outlook As Q3 Earnings Top View

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.

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