Economy

General Motors Company (GM) CAO Sells 44791 Shares of Stock

Short shares grew from 107,153,649 to 115,546,234 over that period.

Investors are a little more bearish on shares of Ford Motor Company recently considering the change in short interest. The volume of F witnessed a shift from 30.41 million shares, based on a 50-day average, to 35.71 million shares. Franklin Resources Inc. increased its stake in shares of Ford Motor by 5.7% in the second quarter. Among active positions in the latest quarter, 433 holders increased their positions by a total of 90.98 million shares, 464 holders decreased the positions by a total of 95.18 million shares, and 134 holders held their positions. Global X Management Co. Mackenzie Financial Corp lifted its position in General Motors by 630.3% during the 3rd quarter. Lsv Asset Management now controls 23,132,350 shares valued at $276,894,000. The legal version of this news story can be read at https://stocknewstimes.com/2017/11/14/flippin-bruce-porter-inc-trims-holdings-in-ford-motor-company-f.html. Lsv Asset Management augmented its investment by buying 332,922 shares an increase of 3.2% from 06/30/2017 to 09/30/2017.

The stock has been active on the tape, now trading at $43.57, up from yesterday's close by 2.13%.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment.

General Motors Company (NYSE:GM) last announced its quarterly earnings data on Tuesday, October 25th. As of the latest earnings report the EPS was $1.10 with 3.99B shares now outstanding. The firm earned $42.80 billion during the quarter, compared to analyst estimates of $39.11 billion. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.88% with $1.28 Billion sitting short, betting on future declines. General Motors Company's quarterly revenue was up 10.3% on a year-over-year basis. The firm's revenue was up.9% compared to the same quarter last year. equities research analysts predict that Ford Motor Company will post 1.81 EPS for the current fiscal year. Investors of record on Wednesday, December 7th were issued a $0.38 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Thursday, December 7th. Ford Motor's dividend payout ratio is presently 54.55%.

Several equities analysts recently weighed in on GM shares. Nomura started coverage on shares of General Motors Company in a research note on Tuesday, September 20th. The stock has an average rating of "Hold" and an average target price of $43.61. Berenberg Bank set a $31.00 price target on General Motors and gave the company a "sell" rating in a report on Monday, August 14th. Zacks Investment Research raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Monday, July 31st.

Ford Motor Company has a beta of 1.24, offering the possibility of a higher rate of return, but also posing more risk. On October 30, 2017 Goldman Sachs Group, Inc. Citigroup Inc. reaffirmed a "buy" rating and issued a $53.00 price target on shares of General Motors in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. General Motors Company now has an average rating of "Hold" and an average price target of $36.02.

In other General Motors Company news, insider Stefan Jacoby sold 2,540 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $12.37, for a total transaction of $273,080.12. Skandinaviska Enskilda Banken AB publ now owns 227,693 shares of the auto manufacturer's stock worth $9,194,000 after acquiring an additional 1,500 shares during the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Corporate insiders own 1.08% of the company's stock. The disclosure for this sale can be found here. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.



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