Ingalls & Snyder LLC now owns 1,052,045 shares of the auto manufacturer's stock worth $12,246,000 after acquiring an additional 39,681 shares during the period.
A number of research analysts recently commented on the company.
Ford Motor Company reported net income of $1.57 billion in the third quarter of the year. Deutsche Bank maintained the stock with "Hold" rating in Wednesday, October 14 report. Piper Jaffray Companies set a $44.00 target price on General Motors and gave the stock a buy rating in a report on Monday, October 16th. Finally, Morgan Stanley cut General Motors from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $46.48 to $43.00 in a research report on Wednesday.
Among 28 analysts covering General Motors Company (NYSE:GM), 13 have Buy rating, 2 Sell and 13 Hold. The company presently has a consensus rating of Hold and a consensus target price of $12.44.More news: Poster: Rajinikanth, Amy Jackson blazing fire, Akshay Kumar gives scary look
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South America remains a challenging market for Ford, however the company expects lower losses compared to previous year as the economy recovers. Park Circle Co bought 100,000 shares as the company's stock declined 11.35% while stock markets rallied. Ford Motor has a 52 week low of $10.47 and a 52 week high of $13.27. The market capitalization of the company is at $49.26 Billion. The stock's 50-day moving average price is $11.95 and its 200-day moving average price is $11.35.
Traders sold shares of General Motors Company (NYSE:GM) (TSE:GMM.U) on strength during trading on Thursday. The auto manufacturer reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.25.
Quarterly net profit was reported at $1.56 billion which is up more than 60% from $960 million a year ago. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company's quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. General Motors Company had 75 analyst reports since July 24, 2015 according to SRatingsIntel. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States & worldwide copyright law. The legal version of this piece can be viewed at https://www.truebluetribune.com/2017/10/28/general-motors-company-gm-upgraded-at-bmo-capital-markets.html. It also reduced its holding in Wells Fargo & Co New (NYSE:WFC) by 11.72M shares in the quarter, leaving it with 467.99 million shares, and cut its stake in American Airls Group Inc (NASDAQ:AAL). Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.60 annualized dividend and a yield of 5.11%. General Motors's payout ratio is 77.95%. Also, insider Steven R. Armstrong sold 22,076 shares of the company's stock in a transaction that occurred on Wednesday, October 4th. Following the sale, the insider now owns 51,358 shares of the company's stock, valued at $616,296. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nysschen Carel J. De sold 123,645 shares of the stock in a transaction that occurred on Friday, October 27th. Alambic Investment Management L.P. lifted its position in shares of Ford Motor by 824.2% during the 1st quarter. Sumitomo Life Insurance owns 0.22% invested in Ford Motor Company (NYSE:F) for 149,253 shares. The disclosure for this sale can be found here. The Raymond James Financial Services Advisors Inc holds 1.63 million shares with $19.51M value, up from 23,000 last quarter.
A number of institutional investors have recently added to or reduced their stakes in the business. John G Ullman And invested 1.8% of its portfolio in General Motors Company (NYSE:GM). Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer's stock worth $116,000 after buying an additional 1,200 shares in the last quarter. Finally, Capital World Investors lifted its holdings in General Motors by 5.0% in the 2nd quarter. Mountain Lake Investment Management Llc owns 81,400 shares or 1.16% of their United States portfolio. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. Ford expects Europe to be profitable for the full year.