Quarterly Financial Update for General Motors Company (NYSE:GM)

Ivan Schwartz
October 22, 2017

For the quarter, shares have been noted at 6.07%. Madison Investment Holdings Inc. now owns 870,051 shares of the auto manufacturer's stock worth $30,765,000 after acquiring an additional 257,206 shares during the last quarter. Also, EVP Craig B. Glidden sold 192,954 shares of the firm's stock in a transaction on Monday, October 2nd. These shares are worth $273,080 and were traded at $12.37 each. General Motors Company (NYSE:GM) has risen 7.92% since October 21, 2016 and is uptrending. It has underperformed by 33.33% the S&P500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The third largest holder is Evercore Trust Company, N.A., which now holds $2.47 billion worth of this stock and that ownership represents almost 5.06% of its market capitalization. The company holds 1.43 billion outstanding shares and 1.32 billion shares are floating in market. The stock declined 0.53% or $0.24 reaching $45.37 on the news. Another trade for 37,922 shares valued at $5.71M was sold by Schroepfer Michael Todd. Stretch Colin sold $115,308 worth of stock or 750 shares. The monthly performance exhibited a rate of 16.64% with an annual performance rate of 42.39%. At present, the PEG is valued at 0.87 alongside the P/S ratio of 0.4 and P/B ratio of 1.49. Piedmont Inv Lc invested in 293,005 shares or 0.23% of the stock. 68 funds opened positions while 213 raised stakes. Commerzbank Aktiengesellschaft Fi, Germany-based fund reported 563,877 shares. About 12.20 million shares traded. Raymond James Financial Services Advisors Inc.'s holdings in General Motors were worth $6,380,000 at the end of the most recent reporting period. Vantage Invest Limited Com reported 0% of its portfolio in Allstate Corp (NYSE:ALL). Baystate Wealth Management Limited Liability Corporation reported 57 shares. Daiwa Secs Incorporated holds 0.12% or 536,395 shares in its portfolio. Cannell Peter B And has 0.08% invested in Facebook Inc (NASDAQ:FB). Horizon Invests Ltd reported 0.05% stake. Amp Cap Invsts owns 9,100 shares or 0% of their United States portfolio. Atlantic Tru Group Limited Com owns 48,042 shares. The shares have accelerated in recent weeks, with their price up about 25.73% in the past three months. F's profit will be $1.23 billion for 9.69 P/E if the $0.31 EPS becomes a reality. Therefore 52% are positive. Macy's Inc. had 91 analyst reports since July 24, 2015 according to SRatingsIntel.

A number of equities research analysts have commented on the company. As per Wednesday, October 26, the company rating was downgraded by Bank of America. On Sunday, September 17 the stock rating was maintained by RBC Capital Markets with "Buy". Citigroup has "Neutral" rating and $52 target. For the current year the company's revenue estimates are $143 Billion compared to low analyst estimates of $138.78 Billion and high estimates of $152.21 Billion according to the prediction of 21 analysts.

General Motors Company (GM) is an interesting player in the Consumer Goods space, with a focus on Auto Manufacturers - Major. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.89% with $1.32 Billion sitting short, betting on future declines. S&P Research maintained the stock with "Strong Buy" rating in Friday, September 25 report. As per Tuesday, August 9, the company rating was initiated by Jefferies.

Investors sentiment decreased to 0.83 in 2017 Q2. Its down 0.28, from 1.11 in 2017Q1. It is negative, as 75 investors sold GM shares while 286 reduced holdings. Balyasny Asset Mngmt Ltd Co invested in 0% or 7,600 shares.

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There has been some buying and selling insider activity on General Motors Company (NYSE:GM) recently. Also, the Hold rating count is 0, as of 19 Oct 2017. For GM, the company now has $18.38 Billion of cash on the books, which is offset by $30.01 Billion current liabilities.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 24. Covenant Multifamily Offices LLC bought a new position in shares of General Motors during the first quarter worth about $2,960,000. Ahl Partners Llp reported 66,381 shares stake. Dreman Value Mgmt L L C accumulated 0.18% or 27,589 shares. Hourglass Limited Liability Company invested in 0.99% or 352,260 shares. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. Waldron LP raised its position in shares of General Motors by 13.6% during the first quarter. "Don't Hold Your Breath" on October 19, 2017.

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