The firm owned 3,201,532 shares of the auto manufacturer's stock after selling 525,751 shares during the period.
Gideon Capital Advisors Inc decreased General Mtrs Co (GM) stake by 48.31% reported in 2016Q4 SEC filing. Sales also fell for Fiat Chrysler Automobiles NV and Ford Motor Co., while General Motors Co. and Toyota Motor Corp. gained. The Houston metro area ranks eighth nationwide in registered vehicles, with 5.6 million in operation, and accounts for about 2.3 percent of USA new-vehicle sales, according to Jonathan Smoke, chief economist at Kelley Blue Book's parent company Cox Automotive. State of Alaska Department of Revenue acquired a new stake in General Motors during the first quarter valued at approximately $103,000. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer's stock valued at $475,306,000 after buying an additional 3,978,850 shares during the last quarter. WealthTrust Axiom LLC now owns 21,490 shares of the auto manufacturer's stock worth $759,000 after buying an additional 1,400 shares during the last quarter. Moreover, Clarivest Asset Ltd Llc has 0.01% invested in Ford Motor Company (NYSE:F) for 35,840 shares. The value of the total investment in Ford Motor Company went from $244,000 to $206,545,000 a change of 84,549.6% quarter over quarter. Ford Motor Company (NYSE:F) has declined 16.63% since September 1, 2016 and is downtrending.
Ford Motor Company's P/E ratio is 11.61 and market capitalization is 43.81B. The company has a 50 day moving average of $35.58 and a 200-day moving average of $35.06.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $0.56 EPS for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.13.More news: Trump Slams Comey: 'Exonerated' Hillary Before Investigation Over
Among 14 analysts covering International Paper Company (NYSE:IP), 7 have Buy rating, 2 Sell and 5 Hold. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. During the same quarter past year, the business posted $1.86 EPS. Hennessy Advisors Inc. now owns 146,200 shares of the auto manufacturer's stock worth $5,170,000 after buying an additional 70,100 shares during the last quarter. Analysts predict that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. This represents a $1.52 annualized dividend and a yield of 4.16%. The ex-dividend date is Thursday, July 20th. General Motors's payout ratio is 26.48%.
USA auto sales were initially expected to increase slightly in August compared with a year ago, but analysts say lower sales in the Houston area could erase those gains. ValuEngine lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, June 17th. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Ford Motor presently has an average rating of "Hold" and an average target price of $12.54. FARLEY JR JAMES D had sold 25,000 shares worth $279,068 on Monday, June 12. Beck Management Limited Liability Company owns 12,898 shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The disclosure for this purchase can be found here. Company insiders own 1.08% of the company's stock. The legal version of this news story can be read at https://weekherald.com/2017/09/01/general-motors-company-gm-shares-sold-by-artemis-investment-management-llp.html. Ford's Houston dealers may have lost fewer than 5,000 vehicles, he said.