Ford Pickups Top Unit Sales in June as GM Gains Share

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After $1.70 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts 2.94% EPS growth. If that performance continues, this year will mark the first since 2009 that industrywide sales declined. The company's revenue for the quarter was up 10.6% compared to the same quarter a year ago. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of USA and global copyright and trademark law. The Westover Capital Advisors Llc holds 96,715 shares with $3.37M value, up from 84,957 last quarter.

The story was similar for GM, where a number of new or recently launched SUVs, such as the Chevrolet Equinox and Buick Envision, could not counteract falling sales of cars such as the Chevrolet Cruze, Malibu and Impala. Reservoir Limited Partnership holds 1.75% of its portfolio in General Motors Company (NYSE:GM) for 44,596 shares. The stock of Ford Motor Company (NYSE:F) has "Neutral" rating given on Friday, July 29 by Citigroup. Jefferies Group LLC set a $12.00 target price on Ford Motor Company and gave the company a "hold" rating in a research report on Tuesday, March 14th. The company had a trading volume of 43,949,588 shares. At the time of writing, the First Call consensus price target for the company is $122.66. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. The company now has an average rating of "Buy" and a consensus price target of $39.62. Norges Bank acquired a new stake in Ford Motor Company during the fourth quarter worth $277,396,000.

The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -5.95% and has no so good Year to Date (YTD) Performance of -7.38% which means the stock is constantly adding to its value from previous fiscal year end price. The P/E Ratio measures its current share price relative to its per-share earnings. It dived, as 73 investors sold GM shares while 302 reduced holdings. United Bank VA's holdings in Ford Motor Company were worth $3,019,000 at the end of the most recent reporting period.

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Awm Investment Company Inc. holds 1.14% of its portfolio in Netlist, Inc. for 5.68 million shares. Prudential Financial Inc. now owns 6,068,335 shares of the auto manufacturer's stock valued at $214,576,000 after buying an additional 3,420,200 shares during the period. Ameriprise Financial Inc. increased its position in General Motors Company by 20.6% in the first quarter. Rockland Trust Co. now owns 41,051 shares of the auto manufacturer's stock valued at $478,000 after buying an additional 159 shares in the last quarter. Finally, CLSA began coverage on General Motors Company in a research note on Wednesday, June 21st. Canandaigua National Bank & Trust Co. now owns 46,190 shares of the auto manufacturer's stock worth $536,000 after buying an additional 2,800 shares during the last quarter. Insiders own 1.08% of the company's stock. The stock was sold at an average price of $32.84, for a total transaction of $1,526,140.48. Following the completion of the purchase, the director now directly owns 3,120 shares of the company's stock, valued at $102,710.40. The transaction was disclosed in a filing with the SEC, which is available through this link.

In other Ford Motor Company news, insider James D. Farley, Jr. sold 25,000 shares of the company's stock in a transaction that occurred on Monday, June 12th. OJAKLI ZIAD S sold $635,408 worth of stock or 50,309 shares. Rental-car companies are "becoming a little more cautious given the uncertainty in residual values", he added. The disclosure for this sale can be found here. The most lofty price projection sees the stock reaching $48 within the year, while the most conservative has a $33 target on the name.