GM's 2018 profit jumps, will hire 1,000 at Flint pickup plant


GM earnings per share was $1.43, more than the predicted $1.22. Fidelity Management Research Co meanwhile bought more SQ shares in the recently filed quarter, changing its stake to $1,158,252,667 worth of shares.

Employees from two other plants will "have transfer opportunities closer to their end of production dates", GM said in a document appended to earnings. During the same quarter past year, the company posted $1.65 earnings per share. Cambridge Investment Research Advisors Inc. raised its stake in General Motors by 9.4% during the 3rd quarter. Kingstown Capital Management L.P. boosted its holdings in General Motors by 6.7% during the 3rd quarter. Capital World Investors lifted its holdings in shares of General Motors by 15.4% during the third quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer's stock worth $3,260,923,000 after buying an additional 2,699,178 shares in the last quarter. Ontario Teachers Pension Plan Board now owns 222,075 shares of the auto manufacturer's stock valued at $7,477,000 after acquiring an additional 85,458 shares during the period. While Barra didn't go into specifics, GM's Form 10-K filing (PDF) with the Securities and Exchange Commission revealed a number of interesting details.

GM stock traded up $0.61 during midday trading on Friday, hitting $39.91. GM's US market share fell 0.4 percentage points to 16.7 percent. The company has a market capitalization of $54.95 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 0.73 and a beta of 1.26.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. General Motors has a 52 week low of $30.56 and a 52 week high of $45.00.

"When GM delivers good business results, our eligible hourly employees in the USA share in the company's success", said Mary Barra, GM's CEO and chairman. The company expects to spend $1 billion on Cruise this year, and CEO Mary Barra predicted a profit on autonomous vehicles early in the next decade. Compared to the same quarter a year ago, the firm's revenue was up by 3.21%. General Motors's quarterly revenue was up 1.8% on a year-over-year basis. The General Motors Company generated $35,791.00 million in revenue during the last quarter, which is slightly higher than the $34,848.30 million predicted by analysts.

More news: Open Source Intelligence Market New Investments Expected To Boost The Demand
More news: Frank Robinson, key to Orioles’ 1st World Series title, dies at 83
More news: Matt Whitaker Tries Bailing On Congressional Testimony After Democrats Threaten Subpoena

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. General Motors's dividend payout ratio is 22.96%.

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

Deutsche Bank began coverage on General Motors in a report on Thursday, December 13th. They issued a "buy" rating for the company. Citigroup upped their price objective on shares of General Motors from $57.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, November 6th.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock.

COPYRIGHT VIOLATION WARNING: "Boenning & Scattergood Inc". If you are viewing this report on another domain, it was stolen and republished in violation of USA & global copyright and trademark laws. The original version of this news story can be read at

GM sold a total of 8.4 million cars worldwide.