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Published: Wed, July 26, 2017
Economy | By Melissa Porter

General Motors Company (NYSE:GM) Receives An Update From Brokers

General Motors Company (NYSE:GM) Receives An Update From Brokers

GM is reviewing whether to cancel at least six passenger cars in the USA market after 2020, including the Chevrolet Volt hybrid, which could be replaced in 2022 with a new gasoline-electric crossover model, Reuters has learned from people familiar with the plans.

Several research analysts recently issued reports on GM shares. The ex-dividend date will be Thursday the 20th of July 2017. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company's stock. Bank of America downgraded the shares of GM in report on Wednesday, October 26 to "Neutral" rating.

12/01/2016 - Macquarie began new coverage on Ford Motor Company giving the company a "neutral" rating.

03/06/2017 - General Motors Company was upgraded to " by analysts at Nomura. The rating was maintained by Morgan Stanley with "Overweight" on Wednesday, June 28.

Among 8 analysts covering Green Bancorp Inc (NASDAQ:GNBC), 5 have Buy rating, 0 Sell and 3 Hold. Royal Bank Of Canada reiterated a "hold" rating and set a $37.00 target price on shares of General Motors in a research note on Friday, July 14th.

In pre-market trading, GM shares were up just over 1 percent from Monday's close at $36.32. However, the volume average of the last three months is 12.54 million shares. Ford Motor Company has a 52-week low of 10.67 and a 52-week high of 13.99. Hamlin Capital Management Llc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $53.55 billion market cap company. The company has a 50 day moving average of $35.00 and a 200 day moving average of $35.28. General Motors also saw some unusual options trading activity on Monday. This represents an increase of 328% compared to the typical daily volume of 6,179 put options.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Friday, April 28th.

The company reported revenue for the quarter of $37 billion, down from $37.4 billion a year earlier and below the $40.1 billion expected by analysts. $2.00 million worth of Ford Motor Company (NYSE:F) was bought by FORD WILLIAM CLAY JR. On average, analysts predict that General Motors Company will post $6.07 earnings per share for the current year. Thai-Tang Hau N sold $293,133 worth of Ford Motor Company (NYSE:F) on Thursday, March 2. If you are reading this news story on another domain, it was stolen and reposted in violation of U.S. & worldwide trademark & copyright law. Moreover, Piedmont Investment Advsr has 0% invested in General Motors Company (NYSE:GM).

More notable recent General Motors Company (NYSE:GM) news were published by: Forbes.com which released: "Earnings Preview: What To Expect From General Motors On Tuesday" on July 23, 2017, also Seekingalpha.com with their article: "General Motors - Earnings Preview For 2nd Quarter 2017" published on July 23, 2017, Valuewalk.com published: "Ford Motor Company, General Motors Company 2Q 2017 Earnings Previews" on July 24, 2017. Investors of record on Monday, July 24th will be paid a $0.15 dividend. The dividend will be $0.150 per share for the quarter which comes to $0.60 on an annualized basis. Ford Motor's dividend payout ratio (DPR) is presently 64.52%. From the opening price, the stock has seen a change of -1.30% recently clocking in with a price of $11.35. NB CA raised its stake in General Motors by 1.5% in the first quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, insider John J. Quattrone sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, June 30th. Following the transaction, the insider now directly owns 42,623 shares in the company, valued at approximately $1,491,805. The disclosure for this sale can be found here. Following the completion of the sale, the insider now owns 133,052 shares of the company's stock, valued at approximately $4,437,284.20. Hedge funds and other institutional investors own 73.52% of the company's stock. Geode Management Llc invested 0.21% of its portfolio in General Motors Company (NYSE:GM). Trust Co now owns 29,400 shares of the auto manufacturer's stock valued at $1,040,000 after buying an additional 1,669 shares in the last quarter. Another trade for 92,528 shares valued at $1.17 million was made by Fowler Bennie W. on Thursday, March 2. For the quarter, shares have been noted at 5.04%. Finally, Xact Kapitalforvaltning AB boosted its position in General Motors by 0.5% in the second quarter. Camelot Portfolios LLC now owns 248,731 shares of the auto manufacturer's stock valued at $2,895,000 after buying an additional 34,317 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of General Motors by 171.9% in the first quarter.

TRADEMARK VIOLATION WARNING: "Zacks: Brokerages Anticipate Ford Motor Company (F) to Announce $0.44 Earnings Per Share" was reported by Week Herald and is owned by of Week Herald.

General Motors reported a big drop in second-quarter earnings Tuesday on one-time restructuring costs in global markets, as vehicle sales dipped in the cooling North American market.

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