General Motors Posts $3 Billion Third Quarter Loss, Beats Expectations

General Motors Posts $3 Billion Third Quarter Loss, Beats Expectations

Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction dated Tuesday, September 5th. Kazazian Asset Management Llc bought 15,000 shares as the company's stock declined 12.09% while stock markets rallied. Summit X LLC acquired a new position in General Motors in the 3rd quarter valued at about $209,000. FNY Managed Accounts LLC acquired a new position in General Motors during the 1st quarter valued at about $107,000. The fund owned 2,341,628 shares of the auto manufacturer's stock after selling 25,625 shares during the period. Banque Pictet And Cie has 0.02% invested in General Motors Company (NYSE:GM).

Now insiders hold 2,492,271 shares in the business which makes up 0.17% of shares.

GM earned $1.32 per share on an adjusted basis. Following the sale, the vice president now directly owns 26,100 shares in the company, valued at $934,119. The shares were sold at an average price of $45.00, for a total value of $450,000.00. The disclosure for this sale can be found here. The firm has "Sector Perform" rating by RBC Capital Markets given on Friday, July 24. Cap Advsr Limited Limited Liability Company has invested 0% of its portfolio in General Motors Company (NYSE:GM). The firm has a 50 day moving average of $41.53 and a 200 day moving average of $36.38.

Based on current stock levels, General Motors Company shares are trading 0.41% off of the 50-day high and 33.78% away from the 50-day low. General Motors had a net margin of 5.38% and a return on equity of 22.45%.

Auto revenues fell 16.6% from previous year to $30.48 billion, but still beat analysts' view for $29.93 billion. This is down from its revenue of $38.89 billion reported in the same period of the year prior.

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Looking ahead, GM kept its full-year EPS outlook of $6.00 to $6.50 unchanged.

More notable recent General Motors Company (NYSE:GM) news were published by: Bloomberg.com which released: "GM Jettisons Dinosaur Image as Investors Buy Into Its Mobility Bets" on October 23, 2017, also Cnbc.com with their article: "GM to settle state ignition claims for $120 million" published on October 19, 2017, Seekingalpha.com published: "Should You Sell GM?" on October 16, 2017.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Vanguard Group Inc is the second biggest holder with 93 million shares now valued at 3.26 B million whilst Harris Associates L.P. has 62 million shares valued at 2.17 B million. General Motors Company's dividend payout ratio (DPR) is presently 17.41%.

Ratings analysts have issued ratings on GM. Piper Jaffray Companies reiterated a "buy" rating and issued a $44.00 price target on shares of General Motors in a research note on Wednesday, July 12th. The stock of General Motors Company (NYSE:GM) earned "Hold" rating by Jefferies on Tuesday, August 9. Analysts had expected revenue of US$32.72 billion. If you are accessing this report on another website, it was stolen and reposted in violation of USA & global copyright laws. It turned negative, as 37 investors sold CA shares while 167 reduced holdings.

General Motors will continue to reduce production of passenger cars in order to retool its product mix in favor of the trucks, SUV's and crossovers customers are buying, Chief Financial Officer Chuck Stevens told investors Tuesday. The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

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