Why Deutsche Bank Is Picking GM Over Tesla

Why Deutsche Bank Is Picking GM Over Tesla

Why Deutsche Bank Is Picking GM Over Tesla

Morgan Stanley initiated General Motors Company (NYSE:GM) on Wednesday, February 24 with "Underweight" rating. The firm earned "Hold" rating on Tuesday, July 25 by RBC Capital Markets. RBC Capital Markets maintained the stock with "Sector Perform" rating in Friday, July 24 report. Jefferies maintained the shares of F in report on Monday, August 7 with "Hold" rating.

General Motors Company (NYSE:GM) reported its EPS in the last quarter as $1.89/Share beating the analyst estimate of $1.69/Share by a difference of $0.2. General Motors Company (NYSE:GM) has risen 7.92% since September 25, 2016 and is uptrending. The ex-dividend date was Thurs, Jul 20th. this indicates a $0.60 annual dividend and a payout of of 5.07%. The consensus analyst target price is $38.87. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company's stock. The 52-week high is -10.53% and the 52-week low is 12.94%. Oregon Public Employees Retirement Fund who had been investing in General Motors Co for a number of months, seems to be bullish on the $58.84 billion market cap company. The stock is now moving above its 20-Day Simple Moving Average of 5.53% with a 50-Day Simple Moving Average of 8.69 percent.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The institutional investor held 400,000 shares of the auto manufacturing company at the end of 2017Q2, valued at $13.97 million, up from 200,000 at the end of the previous reported quarter. The firm's quarterly revenue was up 10.6% compared to the same quarter a year ago. General Motors Company had a net margin of 5.69% and a return on equity of 22.14%. After $0.15 actual earnings per share reported by Quality Systems, Inc. for the previous quarter, Wall Street now forecasts -6.67% negative EPS growth. In the last earnings report the EPS was $5.75 and is estimated to be $6.13 for the current year with 1,457,208,000 shares now outstanding.

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Analysts await General Motors Company (NYSE:GM) to report earnings on October, 24.

Additionally the company recently announced a dividend paid on Friday the 23rd of June 2017. Investors of record on Friday, September 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.86%.

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General Motors Company (NYSE:GM) traded down 1.246% on Friday, hitting $33.685. Following the completion of the acquisition, the director now directly owns 12,300 shares in the company, valued at $427,179. The stock was purchased at an average price of $34.73 per share, for a total transaction of $347,300.00. Following the sale, the insider now directly owns 532,435 shares of the company's stock, valued at approximately $6,037,812.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Wealthtrust Axiom Llc acquired 42,200 shares as Ford Mtr Co Del (F)'s stock declined 13.59%. The stock has added 1.02% to $11.84. The disclosure for this sale can be found here. Howard Hughes Institute holds 331,145 shares.

A number of hedge funds and other institutional investors have recently bought and sold shares of GM. That gives us a street projected return of -1.4%. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer's stock worth $172,060,000 after acquiring an additional 56,500 shares during the period. With 200 avg volume, 2109 days are for WEIR GROUP PLC (OTCMKTS:WEIGF)'s short sellers to cover WEIGF's short positions. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer's stock worth $28,839,000 after acquiring an additional 3,298 shares during the period. Linscomb & Williams Inc sold 5,134 shares as Phillips 66 (PSX)'s stock declined 0.52%. Supplemental Annuity Collective Tru Of Nj reported 30,000 shares or 1.26% of all its holdings. A value of 0 would indicate that shares are now trading at the 52-week low. Intrust Bank NA now owns 7,174 shares of the auto manufacturer's stock worth $250,000 after acquiring an additional 25 shares during the period. It also reduced its holding in Alphabet Inc Cl C by 22,900 shares in the quarter, leaving it with 50,519 shares, and cut its stake in Broadcom Ltd.

Want to see what other hedge funds are holding GM?

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General Motors Company, launched on August 11, 2009, designs, builds and sells cars, trucks, crossovers and automobile parts. The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc.

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