Strs Ohio's holdings in General Motors Company were worth $74,393,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock.
In other news, Director Jane L. Mendillo bought 1,440 shares of the firm's stock in a transaction that occurred on Friday, August 18th. FNY Managed Accounts LLC acquired a new position in General Motors during the 1st quarter valued at about $107,000.
Additionally General Motors Company announced a dividend for shareholders which was paid on Friday the 22nd of September 2017. Mathes Company Inc. now owns 56,000 shares of the auto manufacturer's stock valued at $670,000 after acquiring an additional 5,000 shares during the period. Jpmorgan Chase & holds 0.11% of its portfolio in General Motors Company (NYSE:GM) for 13.21 million shares.
GM's share price has risen almost 30 per cent this year to near record levels, in part as the company has highlighted efforts to put self-driving cars on the road. The stock's 50 day moving average price is $35.09 and its 200-day moving average price is $32.04. Now trading with a market value of 66.08B, the company has a mix of catalysts and obstacles that spring from the nature of its operations.
Charges related to General Motors' sale of its European operations dragged the company down to a $3 billion third-quarter net loss, while profits from its continuing operations also declined sharply due to cuts in vehicle production. The auto manufacturer reported $1.32 EPS for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.21.
Auto revenues fell 16.6% from past year to $30.48 billion, but still beat analysts' view for $29.93 billion.
The automaker generated auto operating cash flow of $1.1B during the quarter vs. $6.1B a year ago. This represents a 74,181 drop in vehicle sales when compared to the same time previous year. Analysts predict that General Motors Company will post $6.12 EPS for the current year.
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. This represents a $1.52 annualized dividend and a yield of 4.33%. Highvista Strategies Llc sold 26,200 shares as General Mtrs Co (GM)'s stock declined 12.09%. The rating was maintained by Morgan Stanley on Thursday, September 21 with "Overweight". Bank of America downgraded General Motors Company (NYSE:GM) on Wednesday, October 26 to "Neutral" rating. Oz Mgmt Limited Partnership holds 0.02% of its portfolio in Ford Motor Company (NYSE:F) for 270,900 shares. Buckingham Research reiterated a "hold" rating and issued a $11.00 price target on shares of Ford Motor in a research report on Thursday, August 24th. The stock of General Motors Company (NYSE:GM) earned "Hold" rating by Jefferies on Monday, June 12.
GM had 76 days' supply of unsold vehicles at the end of September, down from 88 days a month earlier and over 100 in the summer. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & global trademark and copyright law. Eagle Management Ltd Limited Liability Company has invested 2.43% of its portfolio in General Motors Company (NYSE:GM). Everyone seems to have their own opinion of this stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.