Note, this compares with a consensus analyst forecast of 1.09 in earnings per share for its next fiscal quarterly report. The firm owned 2,356,074 shares of the auto manufacturer's stock after selling 50,284 shares during the quarter.
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.
Other large investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC boosted its stake in shares of Ford Motor by 4.1% in the 3rd quarter. Botty Investors LLC now owns 16,130 shares of the auto manufacturer's stock worth $456,000 after buying an additional 1,370 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in General Motors during the 1st quarter valued at about $107,000. Short shares grew from 37,516,223 to 37,954,007 over that timeframe. State Of Tennessee Treasury Department has 0.11% invested in Ford Motor Company (NYSE:F) for 2.05 million shares. Prentiss Smith invested in 3,000 shares or 0.02% of the stock. That would amount to a 15 percent decline vs. the second half of 2016, when it built 1.9 million vehicles, according to estimates from the Automotive News Data Center. The stock's 50 day moving average price is $35.09 and its 200-day moving average price is $32.04. The company has a market capitalization of $48.44 billion, a PE ratio of 12.837 and a beta of 1.12.
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Adjusted net income, equal to $1.32 a share, beat Wall Street estimates of $1.11 a share. General Motors had a net margin of 5.38% and a return on equity of 22.45%.
The result for the three-month period ended September 30 included a $2.3 billion expense from a tax allowance that went away following the August sale of GM's Opel European unit to French vehicle maker Peugeot. That's in-line with analysts' view of $6.16 per share for the year. The firm's revenue for the quarter was up 10.3% compared to the same quarter past year. Excluding one-time charges, the company earned $1.32 a share, above analyst expectations of $1.14.
General Motors Company has also announced a quarterly dividend of 38 cents per share. Shareholders of record on Friday, December 8th will be paid a $0.38 dividend. General Motors Company's dividend payout ratio (DPR) is presently 17.41%. General Motors Company (NYSE:GM) has risen 7.92% since October 24, 2016 and is uptrending. Peel Hunt maintained the stock with "Buy" rating in Friday, July 21 report. Finally, BidaskClub raised shares of General Motors from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 19th. Morgan Stanley upgraded General Motors Company (NYSE:GM) rating on Friday, May 6. The high was posted this morning, and the 12-month price target for the shares was $43.26 before this morning's report. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & global trademark and copyright law. Everyone seems to have their own opinion of this stock. Discounts as a percentage of the average transaction price totaled 13.7 percent, slightly above the industry average, according to Reuters. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Piper Jaffray initiated Ford Motor Company (NYSE:F) rating on Friday, June 10. Following the completion of the transaction, the executive vice president now directly owns 214,171 shares of the company's stock, valued at approximately $8,918,080.44.