Analysts expect General Motors Company (NYSE:GM) to report $1.08 EPS on October, 24.They anticipate $0.64 EPS change or 37.21% from last quarter's $1.72 EPS. Centurylink invested in 63,016 shares or 0.24% of the stock. That brings the EVP's holdings to $876,899 as reported to the SEC.
Other hedge funds also recently modified their holdings of the company. Veritable Limited Partnership owns 188,529 shares. Ltd. now owns 2,613,876 shares of the auto manufacturer's stock valued at $91,121,000 after buying an additional 2,470,886 shares during the period. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of General Motors during the first quarter worth about $106,000. FNY Managed Accounts LLC bought a new stake in shares of General Motors during the 1st quarter worth approximately $107,000. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer's stock worth $113,000 after acquiring an additional 310 shares during the last quarter. Finally, Ffcm LLC lifted its position in shares of General Motors by 2,008.1% during the second quarter. Vanguard Group Inc. grew its stake in shares of General Motors by 4.0% in the second quarter. Its opening price on the last trading day was $45.21.
The counter witnessed a trading volume of 34.57 million shares versus an average volume of 35.27 million shares during last trading session.
So, most importantly, where are shares headed from here? The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. $555,475 worth of Ford Motor Company (NYSE:F) was sold by Hinrichs Joseph R. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 852,901 shares of company stock valued at $32,378,733. The stock declined 1.69% or $0.11 reaching $6.4 on the news.
ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was stolen and reposted in violation of USA and global trademark and copyright legislation. Moreover, Banc Funds Co Llc has 0.16% invested in the company for 219,879 shares. Aviva Pcl owns 0.15% invested in Ford Motor Company (NYSE:F) for 2.44 million shares. It's now trading about -8.61% below its 52-week high. The 50 day moving average was up $6.14 whereas the 200 day moving average was up $9.54 or +26.71%. The stock of Ford Motor Company (NYSE:F) has "Neutral" rating given on Friday, August 7 by Compass Point. The company's market cap is $66.15 Billion.
General Motors Company (GM) now the company's industry has 13.86 P/E and the sector P/E is 16.24. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%.
Average Revenue Estimate for the current quarter is $36.45 Billion, according to consensus forecast of 6 analysts. During the same period in the previous year, the firm posted $1.86 EPS.
The company also declared a dividend for shareholders that was paid on Friday June 23rd, 2017. The dividend yield was $3.50. The ex-dividend date of this dividend is Wednesday, June 7th. General Motors's dividend payout ratio is presently 26.48%.
GM has been the topic of several research analyst reports. The company P/S (price to Sales) ratio is 0.41, P/B (price to Book) ratio is 1.5, while its P/C (price to Cash) ratio stands at 2.57. Vetr upgraded 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 report on Monday, July 24th. Berenberg Bank set a $31.00 price target on shares of General Motors and gave the stock a "sell" rating in a research report on Monday, August 14th. Thrivent Financial For Lutherans holds 0.01% of its portfolio in PharMerica Corporation (NYSE:PMC) for 79,355 shares. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock.
9 number of analysts have estimated the sales of the company for the quarter ending Oct 24, 2017, analysts estimated mean sale target of 147595 million while high and low sale targets are estimated at 151155 million and 145331 million respectively.
The Price Range of General Motors Company (NYSE:GM) over the past 52 weeks is 1.000000. 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). 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.