The ProShare Advisors LLC Downgraded Position in General Motors Company (GM)
- Georgia Schneider
Ford Motor Company makes up approx 0.02% of Davenport Co's portfolio.Stillwater Investment Management reduced its stake in F by selling 92 shares or 0.1% in the most recent quarter.
Several other large investors have also modified their holdings of GM. BlackRock Fund Advisors boosted its position in shares of Ford Motor Company by 3.4% in the third quarter. The fund owned 1,662,000 shares of the auto manufacturer's stock after buying an additional 5,000 shares during the period. Global X Management Co. LLC now owns 4,257 shares of the auto manufacturer's stock worth $135,000 after buying an additional 3,228 shares during the last quarter. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/01/13/state-of-wisconsin-investment-board-has-52802000-stake-in-general-motors-company-gm.html. Finally, Monroe Bank & Trust MI boosted its stake in shares of Ford Motor Company by 0.4% in the third quarter. First Heartland Consultants Inc. now owns 52,919 shares of the auto manufacturer's stock valued at $639,000 after buying an additional 2,952 shares during the last quarter. Institutional investors own 70.65% of the company's stock.
Following Earnings result, share price were DOWN 13 times out of last 24 Qtrs. The company has recorded a 50-day moving average of $35.75 and a 200-day average of $32.45. Shares registered one year high at $13.89 and the one year low of $10.65. The company has a market capitalization of $57.18 billion, a P/E ratio of 4.28 and a beta of 1.40. The company reported the earnings of $1.72/Share in the last quarter where the estimated EPS by analysts was $1.45/share. For the next 5 years, General Motors Company is expecting Growth of 8.4% per annum, whereas in the past 5 years the growth was 19.51% per annum. The firm had revenue of $42.80 billion for the quarter, compared to the consensus estimate of $39.11 billion.
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In a year with relatively low visibility due to macro uncertainties, Macquarie continues to believe that GM is positioned well and should benefit from numerous tailwinds through the year, such as: 1) solid product cadence (particularly higher margin truck launches), 2) leveraged success based on increasing GMF penetration and cost efficiencies, and 3) a generally healthy United States consumer helping to maintain high levels of demand.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. The ex-dividend date was Monday, December 5th.
There were more than a few analysts who recently mentioned the stock in their research. In the matter of earnings surprises, it can have a huge impact on a company's stock price. The mean price target for the equity is at $36.76 while the highest price target suggested by the brokerage firms is $50.00 and low price target is $29.00. Janus Capital Management LLC boosted its position in shares of General Motors Company by 38.3% in the second quarter. General Motors Company got Initiated on 1-Dec-16 where investment firm Macquarie Initiated the stock to Outperform. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The mean price target is calculated keeping in view the consensus of 21 analysts. Now the stock is holding a "Buy" rating from 2 equity analysts. Following the sale, the insider now owns 16,230 shares in the company, valued at approximately $586,227.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The Q1 2017 consensus earnings estimates for the company have stabilized at US$1.34 per share. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Succeeding to the transaction Jacoby Stefan owned overall 18,770 shares of the stock. The disclosure for this sale can be found here. In addition to the products it sells to its dealers for consumer retail sales, it 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). (GM Financial). The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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