GM profit beats Wall Street estimates, promises to cut inventory

GM profit beats Wall Street estimates, promises to cut inventory

GM profit beats Wall Street estimates, promises to cut inventory

Moreover, Investment Centers Of America has 0.04% invested in General Motors Company (NYSE:GM) for 14,596 shares. We think the shares (yielding 4.2%) are undervalued, but with our view for lower profits in '18, we don't think the market will give GM full credit for its performance. The stock dropping with falling stream of -9.47% in recent 3 months. Lingohr Partner Asset Mngmt Gmbh invested 0.94% of its portfolio in General Motors Company (NYSE:GM). North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer's stock worth $184,000 after buying an additional 42 shares in the last quarter. Telemus Capital LLC raised its stake in General Motors by 1.3% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer's stock valued at $2,206,000 after buying an additional 1,912 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its position in General Motors by 0.5% in the second quarter. The Independent Order Of Foresters holds 21,273 shares with $2.08 million value, up from 14,900 last quarter. Barometer Mngmt has 1.62% invested in General Motors Company (NYSE:GM). The relative volume of the stock is 1.25, while its market cap is $45.62 Billion.

Company shares last traded at $35.99 which is just a bit higher than the 50 day moving average of $34.91 and which is a tad above the 200 day moving average of $35.29. Company shares have been seen trading -19.22% off of the 52 week high and 94.48% away from the 52 week low.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.45 by $0.25.

GM reported second-quarter net income of US$2.4 billion or US$1.60 per share, down from US$2.8 billion or US$1.74 per share a year earlier.

Revenue for the biggest if the so-called "Big Three" of USA carmakers was just below last year's figure at $37bn, but missed the $40.1bn forecast by analysts.

United States carmaker General Motors cut costs in the second quarter to post a better-than-expected net income for the period, according to its latest earnings report.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. General Motors's payout ratio is 23.53%.

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Ford Motor Company (F) recorded volume accumulation so there will probably be a surplus of buyers at $11.10, $11.04, and $10.92.

Several equities analysts have recently issued reports on the stock. On July 29 the stock rating was downgraded to "Neutral" from "Buy" with a current price target of $13.00 in a statement from Goldman Sachs. The ex-dividend date is Thursday, September 7th. About 24.29M shares traded. Deutsche Bank maintained Ford Motor Company (NYSE:F) rating on Thursday, May 25. The brokerage now has $37.42 price target on the auto manufacturer's stock.

03/29/2017 - General Motors Company had its " rating reiterated by analysts at Tigress Financial. The firm has "Sector Perform" rating given on Friday, April 29 by RBC Capital Markets.

06/13/2017 - General Motors Company had its " rating reiterated by analysts at Berenberg Bank. Finally, Jefferies Group LLC reaffirmed a "hold" rating and set a $12.00 price target on shares of Ford Motor in a research note on Monday, May 22nd. The stock was sold at an average price of $33.85, for a total transaction of $90,921.10.

Since the beginning of the calendar year, the stock is -4.57%. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jane L. Mendillo bought 1,520 shares of the company's stock in a transaction that occurred on Friday, May 26th. Thai-Tang Hau N sold $293,133 worth of stock or 23,123 shares. Following the purchase, the director now directly owns 3,120 shares in the company, valued at approximately $102,710.40. Insiders sold a total of 139,158 shares of company stock worth $4,643,312 over the last quarter. The Business's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. The Firm operates in four divisions: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. Corporate insiders own 0.04% of the company's stock.

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