General Motors share price rises despite announcement of huge losses

Gm Donates 5 Million To Ford Museum

The firm owned 132,376 shares of the auto manufacturer's stock after selling 2,271 shares during the period.

More notable recent General Motors Company (NYSE:GM) news were published by: Bloomberg.com which released: "GM Jettisons Dinosaur Image as Investors Buy Into Its Mobility Bets" on October 23, 2017, also Cnbc.com with their article: "GM to settle state ignition claims for $120 million" published on October 19, 2017, Seekingalpha.com published: "Should You Sell GM?" on October 16, 2017. Old Mutual Global Investors UK Ltd. now owns 17,284 shares of the auto manufacturer's stock worth $489,000 after buying an additional 5,571 shares during the last quarter. Sol Management Co has 0.1% invested in General Motors Company (NYSE:GM). The Eqis Capital Management Inc holds 15,296 shares with $2.31 million value, up from 13,045 last quarter. Aberdeen Asset Management Public Limited Uk holds 0.07% or 636,741 shares in its portfolio.

State Treasurer State of MI trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the SEC.

General Motors Company (NYSE:GM) opened at 35.07 on Friday. Stewart & Patten Co Llc who had been investing in Ford Motor Co for a number of months, seems to be less bullish one the $48.40 billion market cap company. The firm has a 50 day moving average of $41.53 and a 200 day moving average of $36.38.

General Motors Company reports that a total of 2.32 million vehicles were sold during its third quarter of the year.

Detroit-based GM posted a third-quarter net loss of US$2.98 billion, or US$2.03 per share, compared with a profit of US$2.77 billion, or US$1.71 per share a year earlier. General Motors Company now has $67.70B valuation.

Despite a weak third quarter, analysts are showing appreciation for CEO Barra's strategy. This represents a 74,181 drop in vehicle sales when compared to the same time a year ago.

Shares of General Motors Company closed the previous trading session at with shares trading hands.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. The ex-dividend date was set for Thursday the 7th of September 2017. Investors of record on Monday, October 23rd will be issued a $0.15 dividend. This represents a $1.52 annualized dividend and a yield of 3.37%. Ford Motor's payout ratio is 63.16%. The rapid shift by U.S. consumers to SUVs and pickup trucks in response to low, stable gasoline prices has left GM with too many North American factories tooled to produce low-profit sedans, analysts said. In the last three months, insiders sold 852,901 shares of company stock valued at $32,378,733. Barclays PLC reaffirmed an "equal weight" rating and set a $66.00 price objective on shares of General Motors Company in a research note on Friday, September 23rd.

Among 3 analysts covering IBI Group (TSE:IBG), 0 have Buy rating, 0 Sell and 3 Hold. General Motors Company now has an average rating of "Hold" and a consensus price target of $35.25. Also, EVP Craig B. Glidden sold 192,954 shares of the business's stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Advsrs Asset Mngmt Incorporated owns 463,757 shares or 0.09% of their U.S. portfolio.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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