Wilsey Asset Management Inc Lowers stake in General Motors Company (GM)

General Motors Company (GM) : Wilsey Asset Management Inc reduced its stake in General Motors Company by 1.58% during the most recent quarter end. The investment management company now holds a total of 252,547 shares of General Motors Company which is valued at $8,119,386 after selling 4,054 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.General Motors Company makes up approximately 6.19% of Wilsey Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Fisher Asset Management boosted its stake in GM in the latest quarter, The investment management firm added 2,613 additional shares and now holds a total of 18,290 shares of General Motors Company which is valued at $588,024.Exxonmobil Investment Management Inc Tx boosted its stake in GM in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 362,921 shares of General Motors Company which is valued at $11,736,865. General Motors Company makes up approx 0.25% of Exxonmobil Investment Management Inc Tx’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in GM by selling 10,000 shares or 39.41% in the most recent quarter. The Hedge Fund company now holds 15,377 shares of GM which is valued at $502,520. General Motors Company makes up approx 0.09% of Franklin Street Advisors Inc Nc’s portfolio.Eqis Capital Management boosted its stake in GM in the latest quarter, The investment management firm added 13,373 additional shares and now holds a total of 52,605 shares of General Motors Company which is valued at $1,719,131. General Motors Company makes up approx 0.11% of Eqis Capital Management’s portfolio.Lvm Capital Management Ltdmi reduced its stake in GM by selling 153,875 shares or 82.66% in the most recent quarter. The Hedge Fund company now holds 32,273 shares of GM which is valued at $1,054,682. General Motors Company makes up approx 0.33% of Lvm Capital Management Ltdmi’s portfolio.

General Motors Company closed down -0.26 points or -0.81% at $31.89 with 79,77,527 shares getting traded on Tuesday. Post opening the session at $32.23, the shares hit an intraday low of $31.6915 and an intraday high of $32.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, General Motors Company reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.51. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on General Motors Company. Nomura Initiated General Motors Company on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $33.Company shares were Upgraded by Morgan Stanley on Sep 19, 2016 to ” Overweight”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 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.

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