Merriman Wealth Management adds General Motors Company (GM) to its portfolio

General Motors Company (GM) : Merriman Wealth Management added new position in General Motors Company during the most recent quarter end. The investment management firm now holds 106,401 shares of General Motors Company which is valued at $3,155,854 , the company said in a statement filed on Jul 8, 2016 with the SEC.General Motors Company makes up approximately 0.88% of Merriman Wealth Management’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings boosted its stake in GM in the latest quarter, The investment management firm added 63,441 additional shares and now holds a total of 1,440,026 shares of General Motors Company which is valued at $42,711,171. General Motors Company makes up approx 0.23% of Chevy Chase Trust Holdings’s portfolio.Next Financial Group Inc boosted its stake in GM in the latest quarter, The investment management firm added 11,559 additional shares and now holds a total of 27,835 shares of General Motors Company which is valued at $825,586. General Motors Company makes up approx 0.26% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in GM by selling 384,150 shares or 24.3% in the most recent quarter. The Hedge Fund company now holds 1,196,840 shares of GM which is valued at $35,498,274. General Motors Company makes up approx 0.16% of Bnp Paribas Arbitrage Sa’s portfolio.Integrated Investment Consultants boosted its stake in GM in the latest quarter, The investment management firm added 1,240 additional shares and now holds a total of 3,782 shares of General Motors Company which is valued at $106,539. General Motors Company makes up approx 0.06% of Integrated Investment Consultants’s portfolio.Cullinan Associates Inc boosted its stake in GM in the latest quarter, The investment management firm added 20,800 additional shares and now holds a total of 30,000 shares of General Motors Company which is valued at $866,700. General Motors Company makes up approx 0.07% of Cullinan Associates Inc’s portfolio.

General Motors Company opened for trading at $30.63 and hit $30.69 on the upside on Wednesday, eventually ending the session at $30.63, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 1,33,03,647 shares. Company has a market cap of $47,165 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.

Many Wall Street Analysts have commented on General Motors Company. Piper Jaffray Initiated General Motors Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $41.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 (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.

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