Hanesbrands (HBI) Holder Hanson & Doremus Investment Management Raised Holding by $328,760 as Share Price Declined; Van Hulzen Asset Management Position in General Motors (GM) Trimmed by $5.53 Million

May 20, 2018 - By wolcottdaily

Hanesbrands Inc. (NYSE:HBI) Logo

Van Hulzen Asset Management Llc decreased its stake in General Motors (GM) by 95.12% based on its latest 2017Q4 regulatory filing with the SEC. Van Hulzen Asset Management Llc sold 134,800 shares as the company’s stock declined 17.02% with the market. The institutional investor held 6,920 shares of the auto manufacturing company at the end of 2017Q4, valued at $284,000, down from 141,720 at the end of the previous reported quarter. Van Hulzen Asset Management Llc who had been investing in General Motors for a number of months, seems to be less bullish one the $53.26 billion market cap company. The stock decreased 1.33% or $0.51 during the last trading session, reaching $37.79. About 5.58 million shares traded. General Motors Company (NYSE:GM) has risen 0.46% since May 20, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Hanson & Doremus Investment Management increased its stake in Hanesbrands Inc. (HBI) by 31.59% based on its latest 2017Q4 regulatory filing with the SEC. Hanson & Doremus Investment Management bought 16,438 shares as the company’s stock declined 7.94% with the market. The institutional investor held 68,467 shares of the clothing and shoe and accessory stores company at the end of 2017Q4, valued at $1.43 million, up from 52,029 at the end of the previous reported quarter. Hanson & Doremus Investment Management who had been investing in Hanesbrands Inc. for a number of months, seems to be bullish on the $6.62B market cap company. The stock increased 1.32% or $0.24 during the last trading session, reaching $18.38. About 11.01M shares traded or 74.54% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since May 20, 2017 and is downtrending. It has underperformed by 19.71% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.82 EPS, down 3.70% or $0.07 from last year’s $1.89 per share. GM’s profit will be $2.57 billion for 5.19 P/E if the $1.82 EPS becomes a reality. After $1.43 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Van Hulzen Asset Management Llc, which manages about $396.50M and $328.65M US Long portfolio, upped its stake in Wells Fargo (NYSE:WFC) by 5,205 shares to 54,518 shares, valued at $3.31M in 2017Q4, according to the filing. It also increased its holding in Merck (NYSE:MRK) by 75,319 shares in the quarter, for a total of 78,512 shares, and has risen its stake in Kellogg (NYSE:K).

Among 29 analysts covering General Motors Company (NYSE:GM), 17 have Buy rating, 3 Sell and 9 Hold. Therefore 59% are positive. General Motors Company had 94 analyst reports since July 24, 2015 according to SRatingsIntel. Morgan Stanley upgraded the shares of GM in report on Monday, September 19 to “Overweight” rating. The company was maintained on Tuesday, April 19 by JP Morgan. The rating was maintained by RBC Capital Markets on Monday, January 22 with “Buy”. The rating was upgraded by RBC Capital Markets on Tuesday, December 19 to “Outperform”. The company was maintained on Wednesday, June 28 by Morgan Stanley. Nomura maintained the shares of GM in report on Thursday, February 8 with “Neutral” rating. Jefferies initiated it with “Hold” rating and $33 target in Tuesday, August 9 report. RBC Capital Markets maintained General Motors Company (NYSE:GM) on Wednesday, October 25 with “Hold” rating. As per Monday, September 25, the company rating was upgraded by Deutsche Bank. Citigroup maintained the shares of GM in report on Wednesday, September 2 with “Buy” rating.

Investors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It increased, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. Price T Rowe Assocs Md holds 0.02% or 3.26M shares in its portfolio. Selway Asset Management reported 19,700 shares. 1.16M are owned by Staley Cap Advisers. Nuveen Asset Ltd Liability Corp reported 648,418 shares. Meeder Asset Management invested 0.53% in General Motors Company (NYSE:GM). State Street holds 0.18% or 55.71M shares in its portfolio. Soros Fund Ltd Liability invested 0.56% of its portfolio in General Motors Company (NYSE:GM). accumulated 6.54M shares. 125,626 are held by Robeco Institutional Asset Bv. Hancock accumulated 36,975 shares. Hallmark Capital Mngmt Inc accumulated 45,004 shares. Stephens Inc Ar stated it has 0.09% of its portfolio in General Motors Company (NYSE:GM). Ameriprise Fincl accumulated 4.82M shares or 0.09% of the stock. State Of Alaska Department Of Revenue, Alaska-based fund reported 129,349 shares. Ims Cap Mngmt has invested 0.45% in General Motors Company (NYSE:GM).

More notable recent General Motors Company (NYSE:GM) news were published by: Nasdaq.com which released: “Ford’s Truck Woes Spell Opportunity for GM and Fiat Chrysler” on May 13, 2018, also Seekingalpha.com with their article: “Doomsday Valuation Makes This Stock A Buy” published on April 27, 2018, Globenewswire.com published: “GM Recognizes AK Steel for Performance, Quality, and Innovation” on April 24, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “GM: $3.5 Billion Cash Burn” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “GM Korea avoids bankruptcy with wage deal” with publication date: April 23, 2018.

Hanson & Doremus Investment Management, which manages about $317.08 million and $300.41 million US Long portfolio, decreased its stake in Vodafone Group Adr (NASDAQ:VOD) by 11,002 shares to 78,508 shares, valued at $2.50M in 2017Q4, according to the filing.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $1.07 million activity.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.04, from 1.15 in 2017Q3. It worsened, as 75 investors sold HBI shares while 173 reduced holdings. 79 funds opened positions while 197 raised stakes. 337.77 million shares or 0.93% more from 334.65 million shares in 2017Q3 were reported. Korea Inv Corporation accumulated 0% or 43,500 shares. Dimensional Fund Advsrs LP accumulated 0.01% or 1.62 million shares. Lazard Asset Mgmt Limited Liability reported 174,141 shares. Mesirow Fin Investment Mgmt has invested 0.06% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Muhlenkamp And invested in 2.94% or 475,778 shares. Toronto Dominion National Bank & Trust reported 157,040 shares. New Hampshire-based Ledyard Fincl Bank has invested 0.13% in Hanesbrands Inc. (NYSE:HBI). Smithfield holds 0% or 1,806 shares in its portfolio. Voya Inv Mgmt Lc has invested 0.01% in Hanesbrands Inc. (NYSE:HBI). Stewart And Patten Co Limited Liability Co holds 1.06% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 284,292 shares. Hightower Limited Com invested 0.07% in Hanesbrands Inc. (NYSE:HBI). Moon Capital Management LP reported 116,520 shares or 0.75% of all its holdings. Chevy Chase Holdg Inc accumulated 0.05% or 538,017 shares. Morgan Stanley invested 0.02% in Hanesbrands Inc. (NYSE:HBI). Goldman Sachs Grp reported 3.07 million shares.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Hanesbrands had 64 analyst reports since September 17, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, August 7 report. As per Friday, February 3, the company rating was maintained by UBS. The company was downgraded on Thursday, September 21 by Nomura. The firm has “Perform” rating by Oppenheimer given on Tuesday, October 24. The stock has “Overweight” rating by Barclays Capital on Thursday, November 2. The company was downgraded on Wednesday, October 12 by Cowen & Co. As per Monday, January 11, the company rating was upgraded by Nomura. Citigroup maintained Hanesbrands Inc. (NYSE:HBI) on Wednesday, May 2 with “Neutral” rating. B. Riley & Co maintained it with “Buy” rating and $30 target in Friday, February 9 report. The rating was maintained by Cowen & Co on Thursday, August 24 with “Hold”.

General Motors Company (NYSE:GM) Institutional Positions Chart

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