Published: Fri, February 08, 2019
Markets | By Otis Pena

China still General Motors' biggest market

China still General Motors' biggest market

According to the press release, US hourly workers have earned more than $80,500 in profit sharing payments, and the company says it's time to spread the wealth.

Other large investors also recently added to or reduced their stakes in the company. General Motors Company (NYSE:GM)'s price to earnings ratio stood at 6.67. The company's revenue was up 1.8% compared to the same quarter past year. In the same vein, SSgA Funds Management Inc increased its Square, Inc. shares by during the most recent reported quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer's stock worth $1,018,000 after buying an additional 32,848,376 shares in the last quarter. But it still played out well for profit-sharing checks, with about 46,500 union workers in the U.S. They will take home $10,750 each, less than last year's $11,500. Finally, Vanguard Group Inc lifted its holdings in shares of General Motors by 2.9% during the third quarter.

Total North America vehicle sales dipped 4.2% to 917,000 but GM's bottom line was boosted by pickup truck sales, which are a profitable and growing share of its product lineup.

Shares of General Motors Company have risen 19.31% so far in 2019 compared with an 8.97% gain for the benchmark index, S&P 500 (SPX). General Motors has a 12-month low of $30.56 and a 12-month high of $45.00. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.89.

GM has received a great deal of political blowback after announcing late November that it would close five plants in North America that mostly produce less-popular sedan models. Excluding one-time items, it earned $1.43, above the $1.22 analysts polled by Refinitiv IBES had expected. General Motors Company debt-to-equity ratio now stands at 2.69, while its quick ratio hovers at 0.80.

Bezos Says National Enquirer Tried to Blackmail Him With Intimate Photos
But as Bezos began to investigate the leak, the tabloid's parent disputed any suggestion that its story was politically motivated. According to the New York Times , Trump and Pecker dined together to celebrate him winning the presidency.

Full-year revenue rose 1 percent to $147.05 billion, also beating estimates of just over $145 billion. During the same quarter a year ago, the firm posted $1.65 EPS. Greenwood Gearhart Inc. grew its holdings in General Motors by 7.1% during the 4th quarter.

GM earnings per share was $1.43, more than the predicted $1.22. Stockholders of record on Friday, March 8th will be issued a dividend of $0.38 per share.

Several brokerages have issued reports on GM.

General Motors Company (NYSE:GM) has an ABR of 1.64 which is the combined stock view of 11 analysts poll results. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Motors from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, November 27th. BMO Capital Markets raised shares of General Motors from a "market perform" rating to an "outperform" rating in a report on Monday, January 7th. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. The stock has an average rating of "Buy" and a consensus price target of $45.68.

TRADEMARK VIOLATION WARNING: "General Motors (GM) Shares Bought by Providence Capital Advisors LLC" was originally posted by Fairfield Current and is the sole property of of Fairfield Current.

Like this: