General Motors Company (GM) Posts Earnings Results, Beats Estimates By $0.25 EPS

22 Mai, 2017, 04:56 | Author: Marc Bacque

General Motors Company (NYSE:GM) (TSE:GMM.U) was the target of a large decrease in short interest during the month of April. 23,123 Ford Motor Company (NYSE:F) shares with value of $293,133 were sold by Thai-Tang Hau N. OJAKLI ZIAD S sold 50,309 shares worth $635,408.

Hedge funds have recently added to or reduced their stakes in the stock. DT Investment Partners LLC bought a new position in shares of General Motors Company during the third quarter worth approximately $1,018,000. Morgan Stanley now owns 34,669,708 shares of the auto manufacturer's stock valued at $418,463,000 after buying an additional 6,348,720 shares in the last quarter.

Hamlin Capital Management Llc, which manages about $2.70 billion and $2.24 billion US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 290,797 shares to 1.78M shares, valued at $75.60 million in 2016Q4, according to the filing. Charter Tru has 0.13% invested in Ford Motor Company (NYSE:F) for 94,876 shares. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of General Motors Company during the fourth quarter worth approximately $119,000. Rockland Trust Co. boosted its stake in Ford Motor Company by 0.4% in the first quarter. Baskin Financial Services Inc. now owns 324,275 shares of the auto manufacturer's stock worth $10,299,000 after buying an additional 9,287 shares during the period.

01/11/2017 - General Motors Company was downgraded to "underperform" by analysts at Daiwa Capital Markets. NB CA now owns 6,850 shares of the auto manufacturer's stock worth $242,000 after buying an additional 100 shares during the last quarter. Institutional investors own 54.19% of the company's stock.

General Motors Company (NYSE:GM) traded up 0.77% on Friday, hitting $32.72. Price T Rowe Inc Md invested in 14.72M shares or 0.04% of the stock. The company has a market capitalization of $49.38 billion, a price-to-earnings ratio of 5.06 and a beta of 1.32.

General Motors Company (NYSE:GM) 52-week high price stands at $38.16 and low price stands at $26.46, its price distance from 52-week high is -15.04% while its distance from 52-week low price is 22.54%.

The stock's 50 day moving average is 33.92 and its 200 day moving average is 35.24. After $1.70 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts 2.94 % EPS growth. The auto manufacturer reported $1.70 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.45 by $0.25. The business had revenue of $41.20 billion during the quarter, compared to analyst estimates of $37.38 billion. They expect $1.75 EPS, down 5.91 % or $0.11 from last year's $1.86 per share.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be given a dividend of $0.38 per share. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: "General Motors Shareholders: Mark June 6 On Your Calendar" published on May 11, 2017 as well as Gurufocus.com's news article titled: "David Einhorn Comments on General Motors Company" with publication date: May 17, 2017. This represents a $0.60 dividend on an annualized basis and a yield of 5.52%.

General Motors Company had its "buy" rating reiterated by analysts at UBS.

General Motors Company (NYSE:GM) last issued its earnings results on Friday, April 28th. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and global trademark & copyright laws. The original version of this report can be read at https://transcriptdaily.com/2017/05/21/roanoke-asset-management-corp-ny-has-244000-position-in-ford-motor-company-f-updated-updated.html. Vetr cut shares of Ford Motor Company from a "strong-buy" rating to a "buy" rating and set a $14.16 price target on the stock.in a research note on Monday, February 27th. Berenberg Bank set a $31.00 price objective on shares of General Motors Company and gave the company a "sell" rating in a research note on Thursday, March 16th. Nomura reiterated a "buy" rating and issued a $14.80 price objective on shares of Ford Motor Company in a research report on Tuesday, May 2nd.

Among 3 analysts covering The Andersons Inc (NASDAQ:ANDE), 2 have Buy rating, 0 Sell and 1 Hold. General Motors Company has a consensus rating of "Buy" and an average target price of $38.82. Also, insider Stefan Jacoby sold 2,435 shares of the company's stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $12.68, for a total transaction of $1,173,255.04. Following the completion of the sale, the insider now directly owns 85,735 shares of the company's stock, valued at approximately $3,181,625.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The shares were sold at an average price of $33.35, for a total value of $2,501,250.00.

Currently General Motors Company (NYSE:GM)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 76.9%. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,791 shares of company stock valued at $2,772,913.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. 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).

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