General Motors Company (GM) Lowered to "Hold" at Vetr Inc

2017 Buick automobiles appear on display in the showroom at a GMC Buick dealership in Miami. U.S. sales of new cars and trucks were expected to show a decline in July 2017 as consumers pulled back on purchases and

Argent Trust Co now owns 11,226 shares of the auto manufacturer's stock worth $131,000 after buying an additional 30 shares during the period. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer's stock worth $120,000 after buying an additional 34 shares during the period. Dimensional Fund Advisors LP now owns 14,508,664 shares of the auto manufacturer's stock valued at $513,021,000 after buying an additional 284,693 shares in the last quarter. Stillwater Investment Management LLC boosted its position in Ford Motor by 0.9% in the first quarter. The institutional investor held 3.65 million shares of the auto manufacturing company at the end of 2016Q4, valued at $127.20M, up from 2.60M at the end of the previous reported quarter. Finally, ValuEngine upgraded shares of General Motors from a "buy" rating to a "strong-buy" rating in a report on Friday. Institutional investors own 76.04% of the company's stock.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company's stock had a trading volume of 30,944,053 shares. Ford Motor Company now has $44.56 billion valuation.

The move comes after 6 months negative chart setup for the $50.65 billion company. RBC Capital Markets maintained Ford Motor Company (NYSE:F) rating on Friday, April 29.

F, -2.27% dropped 2.9% in very active morning trade Tuesday, after the auto maker reported a sharp drop in vehicle and truck sales in July, according to marketwatch report. The auto manufacturer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. However it has a net margin of 2.50%.

DETROIT (AP) - July saw the biggest year-over-year decline in US vehicle sales so far this year, leaving automakers to hope that consumers are just waiting to pounce on Labor Day deals.

Net income in the quarter fell 2.8% to $276 million from $284 million and diluted earnings per share were flat at or 48 cents in the same quarter a year ago. It worsened, as 77 investors sold Ford Motor Company shares while 407 reduced holdings.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.22%. General Motors's dividend payout ratio (DPR) is now 26.48%.

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Several research analysts have weighed in on GM shares. Morgan Stanley reinitiated the shares of GM in report on Monday, August 24 with "Underweight" rating. BidaskClub lowered General Motors from a "buy" rating to a "hold" rating in a research report on Saturday, June 24th. Piper Jaffray Companies reaffirmed a "buy" rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday. Piedmont Inv Advsr Ltd Company holds 0% of its portfolio in General Motors Company (NYSE:GM) for 294,963 shares. The stock presently has an average rating of Hold and an average target price of $39.38. Analysts have a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has a consensus rating of Hold and an average target price of $39.38.

In related news, Director Jane L. Mendillo acquired 1,520 shares of the business's stock in a transaction on Friday, May 26th. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Shares for $279,068 were sold by FARLEY JR JAMES D on Monday, June 12. The shares were sold at an average price of $33.85, for a total value of $90,921.10. Following the sale, the insider now directly owns 428,411 shares of the company's stock, valued at approximately $4,781,066.76. The disclosure for this purchase can be found here. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Norinchukin Bancorporation The owns 154,565 shares or 0.13% of their United States portfolio.

Highvista Strategies Lc stated it has 0.24% of its portfolio in General Motors Company (NYSE:GM). The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Firm provides automotive financing services through General Motors Financial Company, Inc.

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