Loews Corp Increased Its General Motors Co. (GM) Stake as Shares Declined

June 29, 2018 - By Norman Soto

General Motors Company (NYSE:GM) Corporate LogoDuring Q1 2018 the big money sentiment increased to 1.01. That’s change of 0.11, from 2017Q4’s 0.9. 77 investors sold all, 292 reduced holdings as GM ratio improved. 284 grew stakes while 90 funds took stakes. Funds hold 995.41 million shares thus 0.40% less from 2017Q4’s 999.45 million shares. Advisory Ntwk Lc stated it has 0.06% of its capital in General Motors Company (NYSE:GM). Cap Advsrs Ltd Limited Liability Corp stated it has 0% of its capital in General Motors Company (NYSE:GM). United Capital Financial Advisers Ltd Com holds 0.06% or 220,955 shs. Huntington Commercial Bank has invested 0% of its capital in General Motors Company (NYSE:GM). Pineno Levin And Ford Asset Inc has invested 1.49% of its capital in General Motors Company (NYSE:GM). Neumann Capital Limited reported 1.18% stake. Peconic Limited Liability Com holds 0% of its capital in General Motors Company (NYSE:GM) for 234 shs. Barclays Public Llc owns 10.99 million shs or 0.31% of their US capital. Laurel Grove Cap Limited Company has 0.52% invested in General Motors Company (NYSE:GM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation has 0.08% invested in General Motors Company (NYSE:GM). Oregon Public Employees Retirement Fund accumulated 1.09M shs or 0.6% of the stock. Wealthfront has invested 0.02% in General Motors Company (NYSE:GM). Stifel Fincl Corp accumulated 0.09% or 740,106 shs. Bb&T Ltd reported 538,203 shs. Washington-based Washington Tru Bank has invested 0.07% in General Motors Company (NYSE:GM).

In General Motors Co. (GM) was rose the holdings held by Loews Corp. The reduction is 43.61% according to 2018Q1 Securities and Exchange filling. The company’s stock sank 7.80% while Loews Corp bought 100,000 shares. At the end of 2018Q1, the 329,283 shares of the auto manufacturing company held by the institutional investor were valued at $11.97M, up from 229,283 at the end of the previous reported quarter. $56.58B is General Motors Co.’s MC. Ticker’s shares touched $40.14 during the last trading session after 0.94% change.Currently General Motors Company is uptrending after 17.48% change in last June 29, 2017. GM has also 2.76 million shares volume. The stock outperformed the S&P500 by 4.91%.

Loews Corp operates about $14.93B US Long portfolio. Its stake in Pfizer Inc (NYSE:PFE) was reduced by 257,340 shares to 22,207 shares valued at $788,000 in 2018Q1, according to the filing. For a total of 200,000 shares it reduced its holding in Barrick Gold Corp (Put) by 300,000 shares in the quarter, and has cut its stake in Bank Of America Corp (NYSE:BAC).

For more General Motors Company (NYSE:GM) news posted recently go to: Fool.com, Seekingalpha.com, Seekingalpha.com, Finance.Yahoo.com or Fool.com. The titles are as follows: “Is General Motors Planning to Spin Off Its Self-Driving Unit?” posted on June 21, 2018, “General Motors: Double Potential” on June 17, 2018, “GM +10% as dreamy AV talk turns commercial” with a publish date: May 31, 2018, “GM Announces It Will Build Chevy Blazer in Mexico” and the last “More Proof That General Motors Isn’t Giving Up on Sedans” with publication date: June 18, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

In total 12 analysts cover General Motors (NYSE:GM). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. (NYSE:GM) has 83% bullish analysts. 18 are the (NYSE:GM)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. In Monday, February 12 report Citigroup maintained the stock with “Buy” rating. In Wednesday, February 14 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Tuesday, February 6 Piper Jaffray maintained General Motors Company (NYSE:GM) with “Buy” rating. On Thursday, May 31 the firm earned “Outperform” rating by Evercore. On Tuesday, January 16 the stock has “Buy” rating by CFRA. On Sunday, March 4 the firm has “Hold” rating given by BMO Capital Markets. On Tuesday, June 5 the rating was maintained by Morgan Stanley with “Overweight”. On Friday, June 1 the firm has “Buy” rating by J.P. Morgan given. On Thursday, February 8 the rating was maintained by Nomura with “Neutral”. The stock rating was maintained by RBC Capital Markets with “Buy” on Monday, January 22.

General Motors Company (NYSE:GM) Institutional Investors Chart

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