Eaton Vance Management Boosts Holdings in General Motors Company (NYSE:GM)

Marco Green
September 25, 2017

Ford Motor Company now has $47.03 billion valuation.

General Motors (NYSE:GM) traded up 0.82% during trading on Friday, reaching $39.42. The stock presently has a consensus rating of "Hold" and an average target price of $12.46.

Shares of General Motors Company (GM) opened at 39.42 on Friday. It has by 0.00% the S&P500.

Linscomb & Williams Inc decreased Phillips 66 (PSX) stake by 38.92% reported in 2017Q2 SEC filing. Corecommodity Management Llc acquired 153,982 shares as First Majestic Silver Corp (AG)'s stock declined 11.33%. The L & S Advisors Inc holds 51,350 shares with $5.44M value, up from 40,814 last quarter. Once understood where General Motors Company lies, begin comparing it against other specific companies in the Auto Manufacturers - Major to begin searching for value. The stock increased 1.02% or $0.12 on September 22, reaching $11.84. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. (NYSE:CF) has declined 0.63% since September 24, 2016 and is downtrending. It has underperformed by 33.33% the S&P500. Instinet cut shares of Ford Motor from a "buy" rating to a "neutral" rating and reduced their price target for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. The original version of this report can be viewed at https://weekherald.com/2017/09/24/eaton-vance-management-buys-64653-shares-of-general-motors-company-gm.html. The firm has "Buy" rating given on Friday, August 4 by H.C. Wainwright. The rating was downgraded by Buckingham Research on Tuesday, September 20 to "Neutral".

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Wolfe Research initiated it with "Hold" rating and $3300 target in Tuesday, June 13 report. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company's stock.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 24. The firm earned "Buy" rating on Monday, May 29 by RBC Capital Markets. FBR Capital maintained Zafgen Inc (NASDAQ:ZFGN) rating on Thursday, October 15.

Investors sentiment decreased to 0.83 in Q2 2017. Its down 0.12, from 1.35 in 2017Q1. It is negative, as 75 investors sold GM shares while 286 reduced holdings. YorkBridge Wealth Partners LLC raised its position in General Motors by 43.5% during the second quarter. The current dividend yield of General Motors Company is and the earnings per share is 6.31. Provise Management Group Ltd owns 0.13% invested in General Motors Company (NYSE:GM) for 23,959 shares. During the same period in the prior year, the firm posted $0.52 earnings per share. Oskie Cap Ltd Liability Com stated it has 1.79% in General Motors Company (NYSE:GM). Jacobs Levy Equity Management Inc, a New Jersey-based fund reported 140,470 shares. Vanguard Grp owns 93.41M shares for 0.16% of their portfolio. Guardian Life Ins Company Of America reported 3,106 shares stake. Dreman Value L L C invested in 0.18% or 27,589 shares. The Maryland-based Price T Rowe Md has invested 0.03% in General Motors Company (NYSE:GM). 6,030 were accumulated by East Coast Asset Mngmt Limited Liability. Nomura Asset Management Co Limited reported 527,103 shares or 0.25% of all its holdings.

Balasa Dinverno & Foltz Llc, which manages about $2.77 billion and $615.12M US Long portfolio, upped its stake in Ishares Momentum (MTUM) by 5,612 shares to 632,773 shares, valued at $56.25M in 2017Q2, according to the filing. It also reduced Us Bancorp (NYSE:USB) stake by 54,653 shares and now owns 41,858 shares. (FRTSF) stake by 12,212 shares and now owns 7,357 shares. Facebook Inc (NASDAQ:FB) was reduced too.

Since March 24, 2017, it had 0 buys, and 2 selling transactions for $834,543 activity. $555,475 worth of Ford Motor Company (NYSE:F) was sold by Hinrichs Joseph R on Friday, May 5.

Investors sentiment decreased to 1.02 in 2017 Q2. 76 funds opened positions while 292 raised stakes.

General Motors Company may be a good fit for your portfolio or it may not, but at least you have a better understanding of the Auto Manufacturers - Major industry, which can help you later on down the road. M&T Retail Bank Corp holds 0.05% or 241,287 shares in its portfolio. Strs Ohio has 0% invested in The Medicines Company (NASDAQ:MDCO). Moreover, Pointstate Capital Lp has 0.46% invested in The Medicines Company (NASDAQ:MDCO). 790 are held by Hall Laurie J Trustee. Spectrum Asset Mgmt Inc (Nb Ca) owns 6,850 shares or 0.22% of their United States portfolio. Teachers Retirement Sys Of The State Of Kentucky invested in 434,027 shares or 0.06% of the stock. About 630,566 shares traded. Boston Ltd Liability has 27,664 shares. Profund Advsrs Lc holds 3,392 shares or 0.02% of its portfolio. Nuveen Asset Ltd holds 0.11% in General Motors Company (NYSE:GM) or 482,970 shares. Raymond James And Assoc reported 0% of its portfolio in The Medicines Company (NASDAQ:MDCO).

Among 8 analysts covering Zafgen Inc (NASDAQ:ZFGN), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Zafgen Inc had 17 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of General Motors Company (NYSE:GM) has "Neutral" rating given on Monday, September 21 by Deutsche Bank. The company now has an average rating of "Buy" and an average target price of $38.59. The rating was maintained by Oppenheimer on Wednesday, July 12 with "Hold". The stock has "Sell" rating by Berenberg on Tuesday, November 22. Intrust Bank NA now owns 7,174 shares of the auto manufacturer's stock valued at $250,000 after buying an additional 25 shares during the last quarter. The stock of Zafgen Inc (NASDAQ:ZFGN) has "Buy" rating given on Monday, October 19 by SunTrust. As per Wednesday, July 20, the company rating was downgraded by Cowen & Co. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Wednesday, December 2 report. General Motors now has an average rating of "Buy" and an average price target of $38.59. They expect $0.31 earnings per share, up 19.23% or $0.05 from last year's $0.26 per share. Its down 0.06, from 1.08 in 2017Q1.

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