General Motors Company (GM) Shares Sold by State Treasurer State of MI


Douglas Lane & Associates LLC owned about 0.16% of General Motors worth $95,138,000 at the end of the most recent quarter. Boyd Watterson Asset Mgmt Limited Com Oh holds 0.48% of its portfolio in General Motors Company (NYSE:GM) for 27,000 shares. Excluding one-time charges, the company earned $1.32 a share, above analyst expectations of $1.14. Analysts were expecting from $1.11 to $1.15 a share. It is negative, as 75 investors sold GM shares while 286 reduced holdings. State Of Tennessee Treasury Department has 0.11% invested in Ford Motor Company (NYSE:F) for 2.05 million shares. Following the completion of the purchase, the director now owns 4,560 shares of the company's stock, valued at $158,961.60. Finally, Pineno Levin & Ford Asset Management Inc. boosted its stake in shares of General Motors Company by 0.5% in the second quarter. The stock was sold at an average price of $11.00, for a total value of $886,864.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

In related news, insider Alicia S. Boler-Davis sold 10,000 shares of the stock in a transaction on Friday, October 6th. The disclosure for this sale can be found here. For the past month, General Motors Company's stock has been 14.54%, 26.93% for the last quarter, 32.83% for the past six months and 40.92% for the past 52 weeks.

A number of brokerages recently weighed in on F. Morgan Stanley initiated coverage on shares of General Motors in a research note on Wednesday, June 28th. The stock has a consensus rating of "Buy" and a consensus target price of $42.50. The rapid shift by U.S. consumers to SUVs and pickup trucks in response to low, stable gasoline prices has left GM with too many North American factories tooled to produce low-profit sedans, analysts said. The stock has "Strong Buy" rating by S&P Research on Friday, September 18.

General Motors will continue to reduce production of passenger cars in order to retool its product mix in favor of the trucks, SUV's and crossovers customers are buying, Chief Financial Officer Chuck Stevens told investors Tuesday. The stock of General Motors Company (NYSE:GM) has "Outperform" rating given on Monday, January 11 by Credit Suisse. RBC Capital Markets has "Hold" rating and $3700 target.

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General Motors Company reports that a total of 2.32 million vehicles were sold during its third quarter of the year.

The stock is trading at $45.15 marginally over $41.53, the stock's 50 day moving average and which is significantly higher than the 200 day moving average of $36.38. General Motors Company has a one year low of $30.21 and a one year high of $46.76.

The company is trading down by 1.01% percent from yesterday's close.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $1.32 EPS for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.21. General Motors Company had a return on equity of 23.22% and a net margin of 8.58%. Brandywine Global Inv Management Llc reported 1.52% in General Motors Company (NYSE:GM). During the same period in the previous year, the firm posted $0.52 EPS. The business's quarterly revenue was down 16.6% compared to the same quarter previous year.

According to GM's third-quarter report, the huge Opel/Vauxhall-related loss included approximately 4.3 billion Dollars of unrealizable deferred tax assets, 1.5 billion related to pensions and other net charges for working capital adjustments and costs to support the separation of operations. Investors of record on Wednesday, December 7th were given a dividend of $0.38 per share.

On 7/24/2017 announced a quarterly dividend of $0.38 4.23% with an ex dividend date of 9/7/2017 which will be payable on 9/8/2017.