General Motors surpasses estimates in Q2, vows to trim inventory

Paterniano Del Favero
Luglio 25, 2017

Hamlin Capital Management Llc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $53.55 billion market cap company. The 50 day moving average moved up $0.82 whereas the 200 day moving average was up $0.54 or +1.52%. About 4.09 million shares traded.

It is down 0.00% since July 25, 2016 and is.

Wedgewood Partners Inc decreased Schlumberger (SLB) stake by 14.95% reported in 2016Q4 SEC filing.

In related news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. The auto manufacturer reported $1.70 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.45 by $0.25. The stock declined 0.15% or $0.07 reaching $46.52 per share. During the same quarter in the previous year, the business posted $1.86 earnings per share.

General Motors Company (GM) opened at 35.82 on Tuesday. It has underperformed by 33.33% the S&P500.

Investors sentiment decreased to 1.08 in 2016 Q4. The result included about $1.3 billion in special items and losses stemming from the discontinued operations of the European unit.

Want to see what other hedge funds are holding GM? 88 funds opened positions while 290 raised stakes.

The share price of the company (NYSE:GM) was down -0.69%, with a high of 36.09 during the day and the volume of General Motors Company shares traded was 11699821. The correct version of this news story can be accessed at https://www.thestockobserver.com/2017/07/25/general-motors-company-nysegm-shares-bought-by-heritage-investors-management-corp.html. The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). In total, 48.01 M shares exchanged hands for about $542.07 million. Assetmark invested 0% in Ford Motor Company (NYSE:F). First Natl Com holds 32,389 shares. Bb&T Corp has 349,819 shares for 0.25% of their portfolio. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. Presently, it has a Return on Equity (ROE) of 22.60% and Return on Investment (ROI) of 5.50%. Johnson Inv Counsel Incorporated reported 10,384 shares or 0.01% of all its holdings. Granite Investment Partners Llc, a California-based fund reported 29,699 shares. Vetr raised shares of General Motors from a "hold" rating to a "buy" rating and set a $37.42 price target for the company in a research note on Monday. Therefore 42% are positive. The lowest price the stock reached in the last trading day was $10.59 and compares with the $7.79 52-week low. The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC. The firm earned "Neutral" rating on Friday, March 11 by DA Davidson. On October 26 the stock rating was downgraded to "Neutral" from "Buy" in a report from Bank of America. The firm earned "Buy" rating on Wednesday, September 2 by Citigroup. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. The firm has "Buy" rating by Argus Research given on Thursday, August 27. They set an "overweight" rating and a $40.00 target price for the company. Morgan Stanley upgraded General Motors Company (NYSE:GM) on Friday, May 6 to "Equal-Weight" rating. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: "GM's Engine Is Seizing" published on July 17, 2017 as well as Forbes.com's news article titled: "Earnings Preview: What To Expect From General Motors On Tuesday" with publication date: July 23, 2017.

Relative strength index (RSI-14) for General Motors Company (GM) is at 59.86. During the same period past year, the business earned $1.26 EPS. This recommendation lands on a scale between 1 and 5. On average, analysts forecast that General Motors Company will post $6.07 earnings per share for the current year. Kelman Lazarov Inc. purchased a new position in Ford Motor during the second quarter worth about $116,000. UBS Asset Management Americas Inc. increased its position in shares of General Motors by 18.8% in the fourth quarter. The target implies a -10.23% decrease from where the shares are now trading.

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