GM Posts Loss of almost $3 Billion

Mary Barra chief executive officer of General Motors Co

Stewart & Patten Co Llc decreased its stake in Ford Motor Co (F) by 74.35% based on its latest 2017Q2 regulatory filing with the SEC. The Sterneck Capital Management Llc holds 98,052 shares with $3.43M value, up from 58,939 last quarter. Franklin Parlapiano Turner & Welch LLC acquired a new position in General Motors during the 1st quarter valued at about $106,000. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Ford Motor by 3.4% in the 3rd quarter. Shufro Rose & Communications Lc has invested 0.8% in General Motors Company (NYSE:GM). The firm's revenue was down 16.6% on a year-over-year basis. PGGM Investments now owns 2,084,544 shares of the auto manufacturer's stock valued at $84,174,000 after buying an additional 297,360 shares during the last quarter. Highvista Strategies Llc sold 26,200 shares as General Mtrs Co (GM)'s stock declined 12.09%. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig B. Glidden sold 192,954 shares of the business's stock in a transaction that occurred on Monday, October 2nd. Following the completion of the purchase, the director now owns 4,560 shares of the company's stock, valued at $158,961.60. The disclosure for this sale can be found here. However, spending on autonomous vehicles and ride services amounted to just US$150 million in the latest quarter, the company indicated in its financial report.

On 9/13/2017 Alan S Batey, Insider, sold 234,274 with an average share price of $38.04 per share and the total transaction amounting to $8,911,782.96. Zacks Investment Research downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Tuesday. Morgan Stanley initiated coverage on shares of General Motors in a research note on Wednesday, June 28th. RBC Capital Markets has "Hold" rating and $3700 target. The stock of General Motors Company (NYSE:GM) has "Hold" rating given on Monday, September 21 by Barclays Capital. BTIG Research maintained the shares of CERS in report on Friday, May 26 with "Buy" rating.

Among 3 analysts covering IBI Group (TSE:IBG), 0 have Buy rating, 0 Sell and 3 Hold. Ford Motor now has a consensus rating of "Hold" and a consensus price target of $12.44. If you are reading this piece on another site, it was stolen and republished in violation of United States & global trademark & copyright legislation. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/10/24/general-motors-company-gm-shares-sold-by-state-treasurer-state-of-michigan.html.

General Motors Company (NYSE:GM) traded up 2.44% during mid-day trading on Tuesday, reaching $46.25.




The company is down since yesterday's close of 45.61. General Motors has a 52-week low of $30.21 and a 52-week high of $46.76. The stock's 50 day moving average is $41.53 and its 200 day moving average is $36.38. As per Tuesday, July 11, the company rating was maintained by RBC Capital Markets. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%.

Revenues were down 13.5 percent to $33.9 billion. After posting $0.56 EPS for the previous quarter, Ford Motor Company's analysts now forecast -44.64 % negative EPS growth.

More notable recent General Motors Company (NYSE:GM) news were published by: Wsj.com which released: "GM, Fiat Chrysler Shares Climb As Investors Focus on Companies' Futures" on October 24, 2017, also Seekingalpha.com with their article: "General Motors (GM) Q3 2017 Results - Earnings Call Transcript" published on October 24, 2017, Seekingalpha.com published: "Post-bankruptcy high for GM as profitability impresses" on October 24, 2017. Vanguard Group Inc is the second biggest holder with 93 million shares now valued at 3.26 B million whilst Harris Associates L.P. has 62 million shares valued at 2.17 B million. The company also swung to an operating gain in South America from a loss in the year-ago period.

- When GM's revamped pickup truck debuts next fall, GM will have a "broader portfolio" to compete with Jeep and others in off-road performance, CEO Mary Barra said.

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