General Motors Company (GM) : Breithorn Capital Management reduced its stake in General Motors Company by 0.67% during the most recent quarter end. The investment management company now holds a total of 251,180 shares of General Motors Company which is valued at $7.7 Million after selling 1,690 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.General Motors Company makes up approximately 5.31% of Breithorn Capital Management’s portfolio.
Other Hedge Funds, Including , Dreman Value Management L L C boosted its stake in GM in the latest quarter, The investment management firm added 4,547 additional shares and now holds a total of 24,001 shares of General Motors Company which is valued at $732,511. General Motors Company makes up approx 0.08% of Dreman Value Management L L C’s portfolio.Twin Capital Management Inc boosted its stake in GM in the latest quarter, The investment management firm added 27,130 additional shares and now holds a total of 166,310 shares of General Motors Company which is valued at $5.1 Million. General Motors Company makes up approx 0.40% of Twin Capital Management Inc’s portfolio.Balasa Dinverno Foltz reduced its stake in GM by selling 7,728 shares or 42.46% in the most recent quarter. The Hedge Fund company now holds 10,474 shares of GM which is valued at $319,666. General Motors Company makes up approx 0.06% of Balasa Dinverno Foltz’s portfolio.Donald Smith reduced its stake in GM by selling 1,050 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 195,923 shares of GM which is valued at $6.1 Million. General Motors Company makes up approx 0.16% of Donald Smith’s portfolio.
General Motors Company opened for trading at $31.19 and hit $31.77 on the upside on Wednesday, eventually ending the session at $31.65, with a gain of 1.93% or 0.6 points. The heightened volatility saw the trading volume jump to 1,01,52,169 shares. Company has a market cap of $48,735 M.
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.
Investors should note that on Apr 20, 2016, General Motors Company announced a cash dividend of $0.3800. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 23, 2016.
Many Wall Street Analysts have commented on General Motors Company. Company shares were Upgraded by Morgan Stanley on May 6, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .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.
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.