GM to pay hefty profit share to over 46,000 hourly employees

Why General Motors’ Strong Earnings Aren’t What Matters for Investors

GM posts strong profit beat, a reassuring sign in shaky market

The institutional investor owned 314,204 shares of the auto manufacturer's stock after purchasing an additional 8,602 shares during the quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Nomura dropped coverage on shares of General Motors in a report on Tuesday, November 6th. Advisors Preferred LLC acquired a new position in shares of General Motors during the fourth quarter worth $31,000. In the same vein, SSgA Funds Management Inc increased its Square, Inc. shares by during the most recent reported quarter. NuWave Investment Management LLC lifted its holdings in shares of General Motors by 198.6% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 346,829 shares of the auto manufacturer's stock valued at $11,868,000 after acquiring an additional 61,723 shares during the period. Finally, First Hawaiian Bank lifted its stake in General Motors by 6.1% in the fourth quarter. It owns the Chevrolet, Cadillac, Buick and GMC marques, among others. GM had ended its last session trading at 39.30. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.75.

General Motors posted an US$8.1-billion net profit for 2018, fuelled by better prices for vehicles sold in the United States, its most lucrative market. Excluding one-time items, GM earned $1.43 a share. General Motors had a return on equity of 25.81% and a net margin of 0.56%.

Fourth-quarter 2018 results were EPS of $1.40 (up $4.86), revenue of $38.4bn, up 1.8%, and operating income up $7bn to $2.1bn. The firm's revenue for the quarter was up 1.8% on a year-over-year basis.

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China was a weak spot in the final three months of last year, however, with operating profit in the country falling by almost 40 per cent compared with a year earlier.

Meanwhile, GM Financial generated 2018 full-year earnings before tax of 1.9 billion dollars, up 58.3 percent compared with 2017. The ex-dividend date is Thursday, March 7th. To be more specific, the job cuts will affect staff in General Motors' information technology center located in Arizona, Texas, Michigan and Georgia. It helps you quickly get a picture of where Wall Street stands on a stock without reading huge research reports.

What do GM's Q4 results mean for their share price?

Barclays reissued a "buy" rating and issued a $49.00 price objective on shares of General Motors in a research note on Monday, January 14th.

According to CNN Money, the 21 analysts, offering 12-month forecasts regarding General Motors Company's stock price, have a median target of $47.00, with a high estimate of $63.00 and a low estimate of $33.00. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. General Motors presently has an average rating of "Buy" and a consensus target price of $45.68.

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