Level 3 Communications, Inc. Kelman Lazarov Inc. now owns 88,545 shares of the auto manufacturer's stock worth $1,126,000 after buying an additional 26,215 shares during the last quarter. TLP Group LLC purchased a new position in shares of General Motors during the third quarter worth about $125,000. Livforsakringsbolaget Skandia Omsesidigt now owns 280,061 shares of the auto manufacturer's stock worth $7,926,000 after buying an additional 43,100 shares during the period. Denali Advisors LLC increased its stake in Ford Motor by 908.2% in the second quarter. The stock had a trading volume of 15,575,165 shares.
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. Ameriprise Financial Inc. now owns 30,706,144 shares of the auto manufacturer's stock valued at $385,950,000 after buying an additional 4,582,387 shares during the period. Hedge funds and other institutional investors own 70.63% of the company's stock. However its lowest revenue estimates are $36.75B and highest revenue estimates are $42.44B. (NYSE:F) opened at 12.645 on Wednesday. In fact, the stock soared 5.5% on December 1, after the automaker reported a 10.2% increase in USA vehicle sales for November, bolstered by a bullish "outperform" initiation at Macquarie.
Macquarie analysts provided their view on Ford Motor Company (NYSE:F) recently. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.28. General Motors had a net margin of 8.58% and a return on equity of 23.22%. Ford Motor Co. The firm has a market capitalization of $50.94 billion, a price-to-earnings ratio of 7.08 and a beta of 1.09. As per the latest update, the firm's EPS came at $1.72 for the period ended 2016-09-30. They expect $1.20 earnings per share, down 13.67% or $0.19 from last year's $1.39 per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Thursday, October 27th were paid a $0.15 dividend. The ex-dividend date is Monday, December 5th. This represents a $1.52 dividend on an annualized basis and a yield of 4.10%. Ford Motor's dividend payout ratio is now 33.15%.
TRADEMARK VIOLATION WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & global trademark and copyright laws.
8 number of analysts have estimated the sales of the company for the quarter ending Jan 26, 2017, analysts estimated mean sale target of 34346.7 million while high and low sale targets are estimated at 38385 million and 32371 million respectively. Citigroup Inc. reiterated a "buy" rating and set a $50.00 price target on shares of General Motors in a research note on Thursday, July 21st. The company had Year Ago Sales of 37.84 Billion. Ford Motor now has a consensus rating of "Hold" and a consensus target price of $13.65.
09/12/2016 - Ford Motor Company had its "equal weight" rating reiterated by analysts at Barclays. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of "Hold" and a consensus price target of $36.55.
The company declined -0.39% and closed its last trading session at $12.82. The stock was sold at a price of $35.00, for a total worth of $350,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
In related news, President Daniel Ammann sold 10,000 shares of the company's stock in a transaction on Friday, December 9th. Mariner Wealth Advisors LLC now owns 6,550 shares of the auto manufacturer's stock valued at $206,000 after buying an additional 20 shares during the last quarter.