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Ford and Fiat Chrysler sales fall less than expected, GM misses

03 Juillet 2017

Another trade for 50,000 shares valued at $555,475 was made by Hinrichs Joseph R on Friday, May 5. Cornerstone Capital Management Holdings LLC.'s holdings in General Motors Company were worth $18,231,000 at the end of the most recent reporting period. Norges Bank purchased a new position in shares of Ford Motor Company during the fourth quarter worth $277,396,000. Pegasus Partners Ltd. raised its stake in shares of General Motors Company by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 37,408,809 shares of the auto manufacturer's stock worth $453,802,000 after buying an additional 183,237 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Ford Motor Company by 26.7% in the fourth quarter. Nomura Inc accumulated 1.71 million shares or 0.05% of the stock.

General Motors Company (NYSE:GM) opened its previous trading session at $34.97 later Inclining 0.2% to close its trade at a share price of $34.93. The firm has a 50-day moving average of $11.09 and a 200-day moving average of $11.87.

General Motors Company (GM) now has P/E (Price to Earnings) ratio of 5.4 while the company's industry has 19.19 P/E and the sector P/E is 21.9. Ford Motor Company also was the target of unusually large options trading on Friday. Traders bought 29,314 call options on the stock. This represents an increase of approximately 231% compared to the average volume of 8,852 call options.

Total sales compare to an estimate of 216,000 by analysts Kelley Blue Book (KBB), who also estimated an average transaction price of $38,398, up 3% year over year and down 0.1% compared with May's average selling price. General Motors Company had a net margin of 5.92% and a return on equity of 22.82%.

According to the analysts, General Motors Company (NYSE:GM) is expected to announce $1.69/share EPS for the current quarter. Stockholders of record on Friday, June 9th were issued a $0.38 dividend. (NYSE:ABC) rating on Tuesday, April 4. Dimensional Fund Advsrs L P holds 0.03% or 5.07 million shares in its portfolio. General Motors Company's payout ratio is now 23.53%.

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Other equities analysts also recently issued reports about the stock. Finally, Morgan Stanley cut their price objective on shares of Ford Motor Company from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Tuesday, March 7th. Ford Motor Company now has a consensus rating of "Hold" and an average target price of $13.41.

General Motors Company (NYSE:GM) shows a Forward Annual Dividend Rate of $1.52 and Trailing Annual Dividend Yield of 4.36% according to MorningStar Inc. BidaskClub downgraded General Motors Company from a "buy" rating to a "hold" rating in a research report on Saturday, June 24th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of General Motors Company in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. The stock presently has a consensus rating of "Hold" and a consensus price target of $13.41.

Since February 21, 2017, it had 0 insider buys, and 9 sales for $1.66 million activity. Hourglass Capital Llc sold 30,430 shares as General Mtrs Co (GM)'s stock declined 12.09%. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

In related news, insider James D. Farley, Jr. sold 25,000 shares of the business's stock in a transaction on Monday, June 12th. The shares were sold at an average price of $32.84, for a total transaction of $1,526,140.48. Hedge funds and other institutional investors own 55.59% of the company's stock. The disclosure for this sale can be found here. Insiders sold a total of 126,828 shares of company stock worth $4,208,691 over the last three months. Putnam Ltd Liability Co reported 0.19% of its portfolio in General Motors Company (NYSE:GM). 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).

Ford and Fiat Chrysler sales fall less than expected, GM misses