General Motors Company (GM): When Will Short Sellers Realize its Value?
Oct 30 2016 by Johnny Bowman
Ford Motor Company (NYSE:F) share price plunged -0.17% or -0.02 points to reach at $11.72 during previous trading session.
Gilman Hill Asset Management scooped up 11,999 additional shares in General Motors Company during the most recent quarter end, the firm said in a disclosure report filed with the SEC on Oct 25, 2016. This Auto-Tires-Trucks Sector stock now has the Market Capitalization of 46.45 Billion. Natixis now owns 2,515,846 shares of the auto manufacturer's stock valued at $79,073,000 after buying an additional 2,143,679 shares in the last quarter. General Motors had a net margin of 8.58% and a return on equity of 23.22%. They issued a "buy" rating and a $42.00 price objective on the stock. They now have a Dollars 33 price target on the stock. $57 is the highest target while $26 is the lowest. Both the RSI indicator and target price of 41.63 and $13 respectively, lead us to believe that it should be put on hold over the coming weeks. Ford Motor Company (NYSE:F) shares were trading -16.42% below from the 52-week high mark of $14.02 and +10.06% above from the 52-week bottom of $10.65. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders' move deserves attention.
Receive General Motors Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company with MarketBeat.com's FREE daily email newsletter. Finally, Barclays PLC reiterated an "equal weight" rating and set a $36.00 target price on shares of General Motors in a research report on Thursday, August 11th. Goldman Sachs Group Inc. set a $36.00 target price on General Motors and gave the company a "neutral" rating in a research report on Thursday, July 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.85%. Presently, the range of target price estimates from equity analysts polled by Zacks Research is $107-$186. On 1 to 5 analysts scale where 5 is for a Strong Sell and 1 suggests Strong Buy, General Motors Company (NYSE:GM) has a consensus rating of 2.38. The company's management has announced Dec 5, 2016 as the ex-dividend date and fixed the record date on Dec 7, 2016. In its filings with the U.S. Securities and Exchange Commission, Chesapeake noted that it "follows the full cost method of accounting under which all costs associated with oil and natural gas property acquisition, drilling and completion activities are capitalized". The ex-dividend date is Monday, December 5th. Charter Tru Company has invested 0.03% of its portfolio in General Motors Company (NYSE:GM).
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A number of large investors have recently modified their holdings of GM. This sector markets and sells its products through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental auto companies, and governments.
Many Wall Street Analysts have commented on Ford Motor Company. AXA now owns 887,716 shares of the auto manufacturer's stock worth $27,901,000 after buying an additional 63,900 shares during the last quarter. Also, Director Jane L. Mendillo acquired 1,600 shares of General Motors stock in a transaction on Tuesday, August 2nd. The shares were bought at an average price of $31.01 per share, with a total value of $49,616.00. The Hedge Fund company now holds 854,054 shares of F which is valued at $10,171,783.
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company operates through two sectors, Automotive and Financial Services. The Company's divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.