General Motors Posts 32% Drop in Earnings for Third Quarter

Mary Barra chief executive officer of General Motors Co

Other hedge funds and other institutional investors have also bought and sold shares of the company.

Third-quarter revenue fell 13.5% from a year earlier to $33.6 billion. Short shares increased from 37,516,223 to 37,954,007 over that period.

More notable recent General Motors Company (NYSE:GM) news were published by: which released: "GM Jettisons Dinosaur Image as Investors Buy Into Its Mobility Bets" on October 23, 2017, also with their article: "GM to settle state ignition claims for $120 million" published on October 19, 2017, published: "Should You Sell GM?" on October 16, 2017. Gilman Hill Asset Management LLC now owns 151,039 shares of the auto manufacturer's stock worth $4,274,000 after buying an additional 5,550 shares during the last quarter. Cranbrook Wealth Ltd Liability Com owns 0.06% invested in Ford Motor Company (NYSE:F) for 11,709 shares. Harris Associates LP sold 1.49M shares as the company's stock declined 12.09% while stock markets rallied. Finally, Ffcm LLC boosted its stake in General Motors by 2,008.1% during the 2nd quarter.

General Motors Co. on Tuesday posted a net loss of almost $3 billion in the third quarter compared a net profit of $2.8 billion a year ago, with the bottom line pulled down by hefty costs from the sale of its European business and steep cutbacks in USA vehicle production. Following the sale, the insider now owns 77,052 shares in the company, valued at approximately $2,758,461.60.

Stewart & Patten Co Llc decreased its stake in Ford Motor Co (F) by 74.35% based on its latest 2017Q2 regulatory filing with the SEC. The stock of Ford Motor Company (NYSE:F) earned "Overweight" rating by Barclays Capital on Friday, February 3.

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.

It is interesting to note that General Motors Company (NYSE:GM) is active and made a solid movement in the last trading day. Moreover, Prentiss Smith & has 0.04% invested in General Motors Company (NYSE:GM).

In terms of earnings per share, 18 analysts have a 1.40 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 10 analysts have a 1.48 EPS mean target and for the quarter ending Mar-18 there are 14 estimates of 6.09 EPS. This is down from its revenue of $38.89 billion reported in the same period of the year prior. The business's quarterly revenue was down 16.6% compared to the same quarter a year ago. Excluding one-time charges, the company earned $1.32 a share, above analyst expectations of $1.14.

The company recently announced a dividend for shareholders paid on Friday September 22nd, 2017. The ex-dividend date of this dividend was Monday, December 5th. This represents a $1.52 annualized dividend and a dividend yield of 3.37%. General Motors's dividend payout ratio is 26.48%. Finally, BidaskClub raised shares of General Motors from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 19th. In the last three months, insiders sold 852,901 shares of company stock valued at $32,378,733. Peel Hunt maintained the stock with "Buy" rating in Friday, July 21 report. Royal Bank Of Canada reiterated a "buy" rating on shares of Ford Motor in a research report on Tuesday, August 15th. The company saw a rise in short interest of 1.17% as of the latest report on September 29, 2017.

Among 3 analysts covering IBI Group (TSE:IBG), 0 have Buy rating, 0 Sell and 3 Hold. Ford Motor now has a consensus rating of "Hold" and a consensus price target of $12.44. Following the transaction, the president now directly owns 153,850 shares in the company, valued at $5,692,450. Kazazian Asset Management Llc bought 15,000 shares as the company's stock declined 12.09% while stock markets rallied.



Latest news

Taylor Swift goes nude in weird alien video
There are flashes of a hooded figure (presumably Swift), a glowing orb, alien-like creatures, and what looks like an epic battle. And if we know anything about Swift and her tendency to drop hints in music videos, she's most likely naked for a good reason.

'Upset and Hurt': Fallen Soldier's Widow on Trump's Condolence Call
She stated she has nothing to say to Trump now. "That's my brother and I love my brother and I know he love my sisters". Johnson's name. "It made me cry because I was very angry at the tone of his voice and how he said it", she said.

Lupita Nyong'o Comes Forward About Weinstein; Puerto Rico Governor Visits Trump
Weinstein to see her in the Broadway show, Eclipsed ", the statement read. More than 40 women have accused Weinstein, 65, of harassment or abuse.

India tops the world in pollution-related deaths
India and China tallied the highest numbers of such deaths, with 2.5 million and 1.8 million respectively. Workplace pollution - prevalent in industrialized countries - accounts for some 800,000 deaths each year.

Other news