General Motors Company (GM) : Taconic Capital Advisors Lp reduced its stake in General Motors Company by 72.4% during the most recent quarter end. The investment management company now holds a total of 1,039,000 shares of General Motors Company which is valued at $31.7 Million after selling 2,725,000 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 2.35% of Taconic Capital Advisors Lp’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in GM in the latest quarter, The investment management firm added 2,897,421 additional shares and now holds a total of 85,877,938 shares of General Motors Company which is valued at $2,621 Million. General Motors Company makes up approx 0.17% of Vanguard Group Inc’s portfolio. Freestone Capital Holdings sold out all of its stake in GM during the most recent quarter. The investment firm sold 17,577 shares of GM which is valued $536,450. Amf Pensionsforsakring Ab sold out all of its stake in GM during the most recent quarter. The investment firm sold 10,611 shares of GM which is valued $323,848. Summit Capital Management added GM to its portfolio by purchasing 79,205 company shares during the most recent quarter which is valued at $2.4 Million. General Motors Company makes up approx 1.09% of Summit Capital Management’s portfolio.Sandy Spring Bank boosted its stake in GM in the latest quarter, The investment management firm added 3,139 additional shares and now holds a total of 4,177 shares of General Motors Company which is valued at $129,320. General Motors Company makes up approx 0.01% of Sandy Spring Bank’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.