Hurricane Harvey Causes Auto Sales to Temporarily Decrease

Sawtooth Solutions LLC's holdings in General Motors were worth $1,739,000 as of its most recent filing with the SEC. The firm owned 3,201,532 shares of the auto manufacturer's stock after selling 525,751 shares during the period. Exchange Capital Management Inc.'s holdings in Ford Motor were worth $102,000 at the end of the most recent quarter. Sales also fell for Fiat Chrysler Automobiles NV and Ford Motor Co., while General Motors Co. and Toyota Motor Corp. gained. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer's stock valued at $184,000 after buying an additional 42 shares in the last quarter. The vehicle company's total sales for the month, however, declined 2.1% compared to a year prior, though some were expecting a steeper drop in the wake of Harvey-related dealer closures. The analysts estimated EPS for the higher end at 1.34 and lower end at 0.85 while the year ago reported earnings per share was 1.48. WealthTrust Axiom LLC boosted its position in shares of General Motors by 7.0% in the first quarter. Candriam Luxembourg S.C.A. raised its stake in Ford Motor by 18.6% in the first quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of General Motors by 92.1% in the first quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company.

Ford Motor Company (NYSE F) opened at 10.84 on Wednesday. Moon Capital Management Lp who had been investing in Ford Mtr Co Del for a number of months, seems to be less bullish one the $45.32 billion market cap company. The auto manufacturer reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.13.

The company is up by 2.00% since yesterday's close of $36.54. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business's revenue was down.5% compared to the same quarter previous year. Analysts expect that General Motors Company will post $6.13 EPS for the current fiscal year. Krasney Ltd Llc holds 1.58% in General Motors Company (NYSE:GM) or 189,835 shares. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. The dividend yield was $4.24. The ex-dividend date will be on Thursday July 20th, 2017. General Motors's payout ratio is 26.48%.

Ford Motor stock is up 3.4% to trade at $11.40 - set for its highest close in almost five weeks - after the August U.S. sales data showed a 15% increase in the company's F-series pickup truck sales, which was boosted by its introduction of the new 2018 Ford F-150 model. BidaskClub upgraded shares of General Motors from a "hold" rating to a "buy" rating in a research report on Thursday, August 17th. Finally, Vetr upgraded Ford Motor from a "buy" rating to a "strong-buy" rating and set a $12.65 price objective for the company in a research report on Tuesday, July 25th. Bank of America Corporation reaffirmed a "buy" rating and set a $12.50 price target (down previously from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. The company presently has an average rating of "Buy" and an average price target of $39.26.

In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the firm's stock in a transaction on Monday, June 12th. The stock was sold at an average price of $34.77, for a total value of $8,145,706.98. Cantab Capital Partners Llp now owns 41,780 shares with a value of $468,000,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jane L. Mendillo acquired 1,440 shares of the company's stock in a transaction on Friday, August 18th. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer's stock valued at $881,979,000 after buying an additional 391,692 shares during the last quarter.

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