The firm owned 213,514 shares of the auto manufacturer's stock after selling 67,985 shares during the period. VNBTrust National Association's holdings in General Motors were worth $2,903,000 at the end of the most recent quarter. Geode Capital Management LLC raised its position in shares of General Motors by 9.9% in the first quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer's stock valued at $230,000 after buying an additional 115 shares during the period. State Street Corp boosted its stake in shares of Ford Motor by 2.5% in the first quarter. 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.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP now owns 14,508,664 shares of the auto manufacturer's stock worth $513,021,000 after buying an additional 284,693 shares during the period. Telemus Capital LLC raised its position in shares of General Motors by 1.3% in the first quarter. Camarda Financial Advisors LLC now owns 11,042 shares of the auto manufacturer's stock worth $124,000 after buying an additional 93 shares during the period.
The stock of General Motors Company (NYSE:GM) is a huge mover today! Ford's stock has now lost 10.2% year to date, while GM shares have edged up 0.2% and the S&P 500 SPX, +0.25% has gained 10.5%. Insiders have sold a total of 139,158 shares of company stock valued at $4,643,312 over the last ninety days. The firm has a market capitalization of $43.39 billion, a P/E ratio of 11.500 and a beta of 1.11. Ford Motor has a 52-week low of $10.67 and a 52-week high of $13.27.
Zacks Investment Research upgraded shares of Ford Motor Company (NYSE:F) from a sell rating to a hold rating in a research note released on Monday morning. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%.
General Motors sales fell 15.4 compared to July of past year when industry sales were close to a record high. During the same period a year ago, the company earned $1.86 EPS. On October 26 the stock rating was downgraded to "Neutral" from "Buy" in an announcement from Bank of America.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.38 dividend. The ex-dividend date is Thursday, July 20th. The stock's Dividend Yield stands at 5.35%.
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GM has been the subject of several research reports. Morgan Stanley reinitiated the shares of GM in report on Monday, August 24 with "Underweight" rating. ValuEngine lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, June 17th. Piedmont Inv Advsr Ltd Company holds 0% of its portfolio in General Motors Company (NYSE:GM) for 294,963 shares. BMO Capital Markets reaffirmed a "market perform" rating on shares of General Motors in a research report on Wednesday, May 3rd.
Basically, a price target is an individual analyst's projection on the future price of a stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock now has an average rating of "Hold" and an average price target of $13.27.
In related news, Director Jane L. Mendillo acquired 1,520 shares of the business's stock in a transaction on Friday, May 26th. The stock has "Buy" rating by Citigroup on Wednesday, September 2. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward. FARLEY JR JAMES D sold 25,000 shares worth $279,068. Following the completion of the transaction, the insider now owns 428,411 shares of the company's stock, valued at $4,781,066.76. The disclosure for this purchase can be found here. 92,528 shares valued at $1.17 million were sold by Fowler Bennie W. on Thursday, March 2. Tdam Usa Inc stated it has 0.02% of its portfolio in Ford Motor Company (NYSE:F). The Firm operates in four divisions: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.