Recently analysts working for a variety of stock market brokerages have changed their consensus ratings and price targets on shares of General Motors Company (NYSE:GM). Eagle Asset Management now owns 730,002 shares of the auto manufacturer’s stock worth $9,906,000 after buying an additional 571,208 shares during the period. This is equivalent to an annual dividend of $1.40 per share, up from $1.32 per share in 2015. Creative Planning boosted its position in shares of Ford Motor Company by 5.7% in the fourth quarter. Finally, Community Bank & Trust of Waco, Texas purchased a new position in Ford Motor Company during the fourth quarter worth about $3,038,000.
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Keeping an eye on the stock’s current price compared to its 52 week highs and lows may also be important. The company has an average rating of “Buy” and an average target price of $39.08. Ltd. owned approximately 0.15% of General Motors Company worth $80,881,000 as of its most recent SEC filing. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Advisory Services Network LLC now owns 9,620 shares of the auto manufacturer’s stock valued at $327,000 after buying an additional 9,439 shares during the last quarter. The firm’s 50-day moving average price is $29.77 and its 200-day moving average price is $32.20. Following the transaction, the chairman now owns 1,192,324 shares of the company’s stock, valued at $16,215,606.40. The disclosure for this purchase can be found here.
Ford Motor Company (Ford) manufactures or distributes automobiles across six continents. Following the sale, the vice president now owns 13,230 shares in the company, valued at $179,795.70. General Motors has a market cap of $49.4 billion and is part of the automotive industry. The Coca-Cola Company (NYSE:KO) distance from 50-day simple moving average (SMA50) is 6.44%. The business earned $37.90 billion during the quarter, compared to analysts’ expectations of $36.32 billion. The corporation generated revenue of $ 152.36B in past 12 months. On average, equities research analysts expect that Ford Motor Company will post $1.97 earnings per share for the current year. PA bought a new stake in shares of General Motors Company during the fourth quarter worth $12,193,000. Stockholders of record on Friday, March 11th will be given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, January 14th.
Other hedge funds and other institutional investors have also modified their holdings of the company.
01/26/2016 – General Motors Company had its “buy” rating reiterated by analysts at UBS. Morgan Stanley decreased their price target on Ford Motor Company to $12.00 in a research report on Friday, February 26th.
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The mean price target for the shares of Company is at $2.33 while the highest price target suggested by the analysts is $2.4 and low price target is $2.25. Ford Motor Company makes up approx 2.55% of Gyroscope Capital Management Group’s portfolio.Schroder Investment Management Group reduced its stake in F by selling 404,459 shares or 35.26% during the fourth quarter. On this scale, a 1 would represent a Strong Buy, and a 5 rating would signal a Strong Sell recommendation. This is according to Zack’s research which takes the recommendations from the brokers and translates them into an integer based system from 1 to 5. The Company also provides automotive financing services through General Motors Financial Company Inc.
