Published: Wed, August 02, 2017
Business | By Max Garcia

Vetr Inc. Downgrades Ford Motor Company (F) to Buy

Vetr Inc. Downgrades Ford Motor Company (F) to Buy

Several other hedge funds also recently modified their holdings of the company. RMB Capital Management LLC acquired a new stake in General Motors during the fourth quarter worth approximately $398,000. Alliancebernstein L.P. increased its stake in shares of General Motors by 87.0% in the first quarter. Its share price has decline -2.62% in three months and is down -3.12% for the last five trades. Wellington Management Group LLP raised its stake in shares of Ford Motor by 0.5% in the first quarter. Geode Capital Management LLC now owns 40,887,644 shares of the auto manufacturer's stock worth $475,306,000 after buying an additional 3,978,850 shares during the last quarter. FNY Managed Accounts LLC boosted its position in Ford Motor by 0.3% in the first quarter. Korea Investment Corp reduced its stake by selling 551,961 shares a decrease of 42.5% from 03/31/2017 to 06/30/2017. SRS Capital Advisors Inc. now owns 5,160 shares of the auto manufacturer's stock valued at $182,000 after buying an additional 3,262 shares during the period. General Motors Company has a 1-year low of $29.91 and a 1-year high of $38.55.

For the quarter ended June 30, the sports clothing company lost $12.3 million, or 3 cents per share.

"We're still operating at a very high level", said Mark LaNeve, Ford Motor Co.'s USA sales chief.

The P/E ratio is now 5.46 and market cap is 50.65B. The company's 50-day moving average price is $11.31 and its 200 day moving average price is $11.67.

General Motors said its sales fell 15 percent in July, while Hyundai's dropped 28 percent. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.13.

Pfizer reaffirmed 2017 revenue forecast between $52 billion and $54 billion and the drug maker lifted diluted earnings per share between $2.40 and $2.45 from the earlier estimate of $2.35. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. During the same quarter in the prior year, the company posted $0.68 EPS. During the same period in the prior year, the firm earned $0.52 earnings per share.

Ford was not the only auto company to fall short of analyst expectations. FORD WILLIAM CLAY JR also bought $2.00 million worth of Ford Motor Company (NYSE:F) on Friday, March 24. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor's payout ratio is presently 63.16%. General Motors Company had 54 analyst reports since July 24, 2015 according to SRatingsIntel. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of USA & global trademark & copyright legislation. The original version of this article can be read at https://www.chaffeybreeze.com/2017/08/01/general-motors-company-nysegm-upgraded-to-strong-buy-at-bidaskclub-updated.html. At the time of writing, the First Call consensus price target for the company is $12.49. Credit Suisse upgraded it to "Outperform" rating and $38 target in Monday, January 11 report.

General Motors Co said on Tuesday it slashed July sales to rental auto fleets in the United States by 80 percent compared to a year ago to just over 2,700 vehicles, while increasing sales to commercial fleets. Robert W. Baird downgraded the shares of NXPI in report on Friday, October 28 to "Neutral" rating. Zacks Investment Research raised shares of Ford Motor from a strong sell rating to a hold rating in a research report on Monday, April 24th. General Motors now has a consensus rating of "Hold" and a consensus target price of $39.38. That's running the business exceptionally well as sales moderate from elevated levels previous year, when a record 17.55 million new vehicles in total were sold in the US. The shares were sold at an average price of $11.16, for a total value of $279,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The stock touched 52-week High of $13.22 on 01/04/17 and 52-week Low of $10.67 on 05/17/17. The disclosure for this purchase can be found here. Insiders sold a total of 139,158 shares of company stock valued at $4,643,312 over the last quarter.

Shares in USA auto companies fell after the latest figures were released. The Sales financing business provides sales finance service and leasing to support sales activities of the automobile business.

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