General Motors Company (GM) : Integrated Investment Consultants reduced its stake in General Motors Company by 32.39% during the most recent quarter end. The investment management company now holds a total of 2,557 shares of General Motors Company which is valued at $81,492 after selling 1,225 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.General Motors Company makes up approximately 0.04% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in GM in the latest quarter, The investment management firm added 417 additional shares and now holds a total of 19,304 shares of General Motors Company which is valued at $615,218. General Motors Company makes up approx 0.06% of Reliance Trust Co Of Delaware’s portfolio. At Bancorp sold out all of its stake in GM during the most recent quarter. The investment firm sold 63,658 shares of GM which is valued $2,005,864.British Columbia Investment Management Corp reduced its stake in GM by selling 97,861 shares or 17.94% in the most recent quarter. The Hedge Fund company now holds 447,756 shares of GM which is valued at $14,278,939. General Motors Company makes up approx 0.15% of British Columbia Investment Management Corp’s portfolio.Raymond James Trust N.a. boosted its stake in GM in the latest quarter, The investment management firm added 2,047 additional shares and now holds a total of 14,100 shares of General Motors Company which is valued at $453,315. General Motors Company makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Mcqueen Ball Associates boosted its stake in GM in the latest quarter, The investment management firm added 599 additional shares and now holds a total of 41,734 shares of General Motors Company which is valued at $1,363,867. General Motors Company makes up approx 0.93% of Mcqueen Ball Associates’s portfolio.
General Motors Company opened for trading at $31.76 and hit $31.99 on the upside on Friday, eventually ending the session at $31.87, with a gain of 1.14% or 0.36 points. The heightened volatility saw the trading volume jump to 1,11,05,611 shares. Company has a market cap of $49,778 M.
On the company’s financial health, General Motors Company reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.51. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.
Many Wall Street Analysts have commented on General Motors Company. Nomura Initiated General Motors Company on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $33.Company shares were Upgraded by Morgan Stanley on Sep 19, 2016 to ” Overweight”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016.
General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.