General Motors Company (GM) : Mercer Capital Advisers scooped up 12 additional shares in General Motors Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,032 shares of General Motors Company which is valued at $33,210.General Motors Company makes up approximately 0.03% of Mercer Capital Advisers’s portfolio.
General Motors Company closed down -0.03 points or -0.09% at $32.16 with 67,11,411 shares getting traded on Wednesday. Post opening the session at $32.18, the shares hit an intraday low of $31.99 and an intraday high of $32.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Centurylink Investment Management Co reduced its stake in GM by selling 596 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 18,172 shares of GM which is valued at $584,775. General Motors Company makes up approx 0.21% of Centurylink Investment Management Co’s portfolio.Sigma Planning Corp reduced its stake in GM by selling 907 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 13,364 shares of GM which is valued at $430,054. General Motors Company makes up approx 0.06% of Sigma Planning Corp’s portfolio.Neville Rodie Shaw Inc reduced its stake in GM by selling 441 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 14,795 shares of GM which is valued at $452,135. General Motors Company makes up approx 0.05% of Neville Rodie Shaw Inc’s portfolio.
On the company’s financial health, General Motors Company reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.00. The company had revenue of $37300.00 million for the quarter, compared to analysts expectations of $34546.85 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on General Motors Company. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $30 .General Motors Company was Downgraded by Argus to ” Hold” on Feb 29, 2016. Morgan Stanley Resumed General Motors Company on Feb 24, 2016 to “Underweight”, Price Target of the shares are set at $26.
General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.