Auxier Asset Management decreased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The stock grabbed 100 new institutional investments totaling 15,523,722 shares while 86 institutional investors sold out their entire positions totaling 7,687,416 shares.
Many analysts have provided their estimated foresights on General Motors Company Earnings, with 16 analysts believing the company would generate an Average Estimate of $1.45. BWA's institutional ownership was registered as 96.60%, while insider ownership was 0.10%. The company is divided up into the following four operating segments: Automotive, Visteon Automotive Systems, Ford Motor Credit Company, and The Hertz Corporation. Itau Unibanco Holding S.A. bought a new stake in General Motors Company during the third quarter worth about $135,000. Global X Management Co. The stock hit its 52-Week High on Dec 8, 2016 and 52-Week Low on Jun 27, 2016. "Has $11,855,000 Stake in General Motors Company (GM)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. Consequent to the transaction Jacoby Stefan owned a total of 18,770 shares of the stock. Artemis Investment Management LLP now owns 5,217,033 shares of the auto manufacturer's stock worth $181,786,000 after buying an additional 1,483,873 shares in the last quarter.
President, Ammann Daniel, sold 10,000 common shares of General Motors Company (GM) in the open market. The firm's 50-day moving average is $36.40 and its 200-day moving average is $33.49. Jefferies Group analyst P. Houchois now forecasts that the firm will post earnings of $1.70 per share for the year, down from their prior estimate of $1.71. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $1.14 to $1.73. General Motors Company had a net margin of 5.69% and a return on equity of 22.14%. The company earned $43.90 billion during the quarter, compared to the consensus estimate of $40.97 billion. Equities analysts expect that General Motors Company will post $6.10 EPS for the current year. The companys revenue was up 9.2% compared to the same quarter past year. Artemis Investment Management LLP increased its position in shares of General Motors Company by 39.7% in the fourth quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $1.52 annualized dividend and a dividend yield of 4.32%. General Motors Company's dividend payout ratio (DPR) is presently 25.33%. If you are accessing this news story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark laws. The legal version of this news story can be viewed at [[permalink]]. There are 13 equity research firms advocating a Hold and 0 consider it Sell.
Ford Motor Co. (NYSE:F) is expected to report revenue of $34.88 Billion for the current quarter, according to consensus estimate of 14 analysts. TheStreet raised shares of Ford Motor Company from a "hold" rating to a "buy" rating in a research report on Thursday, January 5th. This company shares are 9.29% off its target price of $38.82 and the current market capitalization stands at $53.07B.
In a different note, On Jan 11, 2017, Daiwa Capital said it Downgrades its rating on General Motors Company. Morgan Stanley reiterated an "outperform" rating and issued a $42.00 target price on shares of General Motors Company in a research note on Tuesday, February 7th.
Among analysts who offered their Analysis on Barclays PLC (NYSE:BCS)-0 analysts issued Strong buy for the stock, 0 analysts have given a Buy rating, 1 think it's a HOLD, 1 reported it as Underperform, while 0 analyst issued a Sell rating.
In a separate transaction on 1/9/2017, Jacoby Stefan, Executive Vice President sold 2,540 shares of the stock. The shares were sold at an average price of $36.12, for a total value of $91,744.80. Following the completion of the transaction, the insider now directly owns 16,230 shares in the company, valued at $586,227.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The disclosure for this sale can be found here.
Institutional investors now hold around $38.66 billion or 75% in GM stock. The Company also sells cars and trucks to fleet customers including daily rental auto companies commercial fleet customers leasing companies and governments. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial).