Several other hedge funds have also added to or reduced their stakes in the company. Alpha Windward LLC increased its stake in shares of General Motors Company by 0.4% in the first quarter. The Arrowgrass Capital Partners Lp holds 43,885 shares with $532,000 value, up from 440 last quarter. Citigroup Inc, a New York-based fund reported 2,831 shares. Patriot Financial Group Insurance Agency LLC increased its position in Ford Motor Company by 1.0% in the first quarter. Alpha Windward LLC now owns 14,079 shares of the auto manufacturer's stock valued at $164,000 after buying an additional 213 shares in the last quarter. Finally, Flinton Capital Management LLC raised its stake in shares of Ford Motor Company by 4.4% in the first quarter. Ameriprise Financial Inc. now owns 5,488,334 shares of the auto manufacturer's stock worth $194,032,000 after buying an additional 938,459 shares in the last quarter.
The Detroit Three - General Motors, Ford and Fiat Chrysler - all suffered a recent sale slowdown. FTB Advisors Inc. now owns 28,006 shares of the auto manufacturer's stock worth $325,000 after buying an additional 2,478 shares during the last quarter.
General Motors Company (GM) opened at 35.57 on Tuesday.
The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -5.95% and has no so good Year to Date (YTD) Performance of -7.38% which means the stock is constantly adding to its value from previous fiscal year end price. Narrowing in, the stock is at a distance of -1.02% from the 50 day high and 9.43% off of the 50 day low.
The High Revenue estimate is predicted as 39.06 Million, while the Low Revenue Estimate prediction stands at 35.83 Million.
So the company beats the analysts estimate by $0.04/share showing a surprise of 11.4%.
Automakers' shares rose as early tallies of industry figures showed sales either flat or up marginally, compared with Wall Street expectations for a fourth straight month of declining sales. Ford Motor Company had a net margin of 2.48% and a return on equity of 19.36%. The projections translate to a seasonally adjusted annualized selling rate of 16.5 million, the industry's weakest first half of a year since 2014.
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Sales at Ford slipped 5%, but even that was less than the 6% drop analysts had been estimating.
The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Parasol Investment Management Ltd Limited Liability Company invested in 960 shares or 0.03% of the stock. Finally, Guggenheim started coverage on shares of Ford Motor Company in a research note on Wednesday, June 21st.
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Most recently, General Motors Company (NYSE:GM) posted actual earnings of $1.7 per share against the $1.45 Zacks consensus estimate. The brokerage issued an overweight rating and a $40.00 price objective on the auto manufacturer's stock. Morgan Stanley dropped their target price on Ford Motor Company from $12.00 to $11.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 7th. The stock of General Motors Company (NYSE:GM) earned "Sector Perform" rating by RBC Capital Markets on Friday, July 24. They issued a "hold" rating and a $37.00 target price on the stock.
Among 23 analysts covering F&M Bank (NYSE:F), 10 have Buy rating, 2 Sell and 11 Hold.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. Following the completion of the transaction, the insider now owns 133,052 shares in the company, valued at $4,437,284.20. Nomura Inc accumulated 1.71 million shares or 0.05% of the stock. The stock was sold at an average price of $33.85, for a total value of $90,379.50. About 10.92M shares traded. The disclosure for this purchase can be found here.
GM sold 243,155 vehicles in June, down 4.7% compared to the same month previous year. The most lofty price projection sees the stock reaching $48 within the year, while the most conservative has a $33 target on the name. Automakers say customers are buying SUV's and trucks but not cars. The Company's divisions include GM North America, GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc.