So much for the good auto sales. Ford sales slump, GM misses

So much for the good auto sales. Ford sales slump, GM misses

Currently, the stock has a 1 Year Price Target of $12.8. Company shares have been seen trading -9.39% off of the 52 week high and 26.93% away from the 52 week low. Jefferies Group LLC reaffirmed a "hold" rating and set a $12.00 price objective on shares of Ford Motor Company in a research note on Monday, May 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. General Motors Company presently has an average rating of Buy and an average target price of $39.62.

General Motors Company (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Friday, April 28th. The stock has a 50 day moving average of $11.09 and a 200 day moving average of $11.87. Ford Motor Company has a 52 week low of $10.67 and a 52 week high of $14.04. This recommendation lands on a scale between 1 and 5.

GM, which recently acknowledged that its 2017 sales would likely fall short of the previous year's total, reported a 5 percent decline in sales last month and a 2 percent decrease over the first six months of the year. The company beat the analyst EPS Estimate with the difference of $-0.08. The business had revenue of $36.48 billion during the quarter, compared to the consensus estimate of $34.62 billion.

GMs deliveries to rental vehicle companies may decline for the third year in a row and inventory in the second-quarter is estimated to be lower than in the first-quarter.

"The auto industry has cooled off compared to last year's record-breaking pace", said Jack Hollis, group vice president and general manager, Toyota division. She doesn't expect a big recovery in the second half of the year, but also doesn't see a huge decline, predicting full-year sales from between 16.8 million to 17.3 million. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of USA and global copyright laws. The correct version of this story can be read at [[permalink]].

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Verition Fund Management Limited invested in 0.26% or 245,200 shares. This represents a $1.52 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, June 7th. General Motors Company's dividend payout ratio is 23.53%. The stock grabbed 89 new institutional investments totaling 8,047,250 shares while 74 institutional investors sold out their entire positions totaling 22,424,390 shares. The stock was sold at an average price of $11.16, for a total value of $279,000.00. The company's stock had a trading volume of 21,856,968 shares.

In other Ford Motor Company news, insider James D. Farley, Jr. sold 25,000 shares of the company's stock in a transaction on Monday, June 12th.

Current ratio is about 1.24. The disclosure for this sale can be found here. Clinton Gp Inc holds 0.04% of its portfolio in New York Times Co (NYSE:NYT) for 47,602 shares. The stock increased 0.14% or $0.03 on June 30, reaching $17.7. It turned negative, as 73 investors sold GM shares while 302 reduced holdings. Technical analysts have little regard for the value of a company. TNB Financial purchased a new position in Ford Motor Company during the first quarter worth $119,000. Bbva Compass Bancshares Inc. now owns 504,643 shares of the auto manufacturer's stock worth $5,874,000 after buying an additional 54,695 shares during the last quarter. Palouse Capital Management Inc sold 38,370 shares as Ford Mtr Co Del (F)'s stock declined 13.59%. Ltd. now owns 6,302,034 shares of the auto manufacturer's stock valued at $76,490,000 after buying an additional 5,956,946 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its stake in General Motors Company by 8.8% in the fourth quarter. Automakers say customers are buying SUV's and trucks but not cars. 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 California-based Advisor Prtn Ltd Liability Com has invested 0.11% in Ford Motor Company (NYSE:F).

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