Auto sales stay cool in June

Ford F-150 pickup trucks on sales lot

Berenberg Bank set a $29.00 target price on shares of General Motors Company and gave the stock a "sell" rating in a research report on Monday, March 6th. Deutsche Bank maintained General Motors Company (NYSE:GM) rating on Wednesday, October 14. Jefferies Group LLC reaffirmed a "hold" rating and set a $12.00 price objective on shares of Ford Motor Company in a research note on Monday, May 22nd.

According to Yahoo Finance, The Dividend Date for Ford Motor Company is Jun 1, 2017 and its Ex-Dividend Date is April 18, 2017. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average target price of $13.41.

General Motors Company (NYSE:GM) on Friday closed at $34.93.

The High Revenue estimate is predicted as 39.06 Million, while the Low Revenue Estimate prediction stands at 35.83 Million. This recommendation lands on a scale between 1 and 5. The stock's 50 day moving average price is $11.09 and its 200-day moving average price is $11.87.

General Motors (NYSE:GM), Ford (NYSE:F) and Fiat Chrysler Automobiles (NYSE:FCAU) said Monday their USA sales declined, although Japanese rivals including Toyota (NYSE:TM) posted monthly gains. (F) is its Earnings per Share or EPS.

"The auto industry has cooled off compared to last year's record-breaking pace", said Jack Hollis, group vice president and general manager, Toyota division. After having $1.70 EPS previously, General Motors Company's analysts see 2.94 % EPS growth. Flinton Capital Management LLC acquired a new stake in Ford Motor Company during the fourth quarter valued at approximately $3,348,000. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & worldwide copyright and trademark law. The fund owned 24,070 shares of the auto manufacturer's stock after buying an additional 22 shares during the period.

The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. Paloma Mngmt Com has invested 0.04% in Ford Motor Company (NYSE:F). FARLEY JR JAMES D sold $279,068 worth of stock or 25,000 shares. Still, average transaction prices rose about $400 each as it sold more big vehicles, GM said. Moreover, Gilman Hill Asset Management Llc has 0.01% invested in the company for 15,977 shares. The transaction was disclosed in a filing with the SEC, which is available through this link. The stock was bought at an average cost of $32.92 per share, for a total transaction of $50,038.40.

Sprint Corporation (NYSE:S)'s shares on Friday traded in the range of 8.06 - 8.28 and ended up on $8.21. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is 2.13%. The most lofty price projection sees the stock reaching $48 within the year, while the most conservative has a $33 target on the name.

Other hedge funds have also recently added to or reduced their stakes in the company. General Motors Company's revenue for the quarter was up 10.6% on a year-over-year basis. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Alpha Windward LLC increased its position in Ford Motor Company by 1.5% in the first quarter. Finally, SRS Capital Advisors Inc. boosted its stake in General Motors Company by 171.9% in the first quarter. The Regions Financial Corp holds 271,046 shares with $3.29M value, down from 394,444 last quarter. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles.

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