Jacobus Wealth Management Has Decreased Its Eaton Vance Tax (ETV) Position as Shares Rose; General Motors Co (GM) Shareholder Addison Capital Company Decreased Its Stake as Market Valuation Declined

January 13, 2018 - By Richard Conner

Addison Capital Company decreased its stake in General Motors Co (GM) by 51.17% based on its latest 2017Q3 regulatory filing with the SEC. Addison Capital Company sold 45,052 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 42,985 shares of the auto manufacturing company at the end of 2017Q3, valued at $1.74 million, down from 88,037 at the end of the previous reported quarter. Addison Capital Company who had been investing in General Motors Co for a number of months, seems to be less bullish one the $62.60B market cap company. The stock decreased 0.27% or $0.12 during the last trading session, reaching $44.07. About 14.91 million shares traded or 16.57% up from the average. General Motors Company (NYSE:GM) has risen 7.92% since January 13, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Jacobus Wealth Management Inc decreased its stake in Eaton Vance Tax (ETV) by 13.51% based on its latest 2017Q3 regulatory filing with the SEC. Jacobus Wealth Management Inc sold 30,927 shares as the company’s stock rose 2.30% with the market. The institutional investor held 197,954 shares of the company at the end of 2017Q3, valued at $3.03M, down from 228,881 at the end of the previous reported quarter. Jacobus Wealth Management Inc who had been investing in Eaton Vance Tax for a number of months, seems to be less bullish one the $1.03B market cap company. The stock decreased 0.06% or $0.01 during the last trading session, reaching $15.48. About 134,302 shares traded. Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) has risen 4.64% since January 13, 2017 and is uptrending. It has underperformed by 12.06% the S&P500.

Investors sentiment decreased to 1.5 in Q3 2017. Its down 0.31, from 1.81 in 2017Q2. It dropped, as 6 investors sold ETV shares while 18 reduced holdings. 9 funds opened positions while 27 raised stakes. 6.69 million shares or 1.94% less from 6.83 million shares in 2017Q2 were reported. Security Tru stated it has 675 shares. 359,192 are owned by Athena Cap Advsr Ltd Limited Liability Company. Hilltop Holdg Inc, Texas-based fund reported 42,886 shares. Pnc Finance Serv Group stated it has 0% in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV). Bartlett Co Ltd Liability Co holds 0% or 150 shares in its portfolio. Strategic Wealth Advsr Group Incorporated Ltd Com invested in 0.66% or 264,062 shares. Raymond James & holds 0% of its portfolio in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) for 96,339 shares. Citigroup reported 0% in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV). Us Commercial Bank De has 0% invested in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV). Creative Planning owns 67,028 shares or 0% of their US portfolio. Stifel Financial reported 0% stake. First Allied Advisory Svcs Inc holds 26,373 shares or 0.02% of its portfolio. Janney Montgomery Scott Limited Liability reported 16,740 shares. Baystate Wealth Ltd has invested 0% in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV). Sei Invs accumulated 2,467 shares.

Jacobus Wealth Management Inc, which manages about $844.49M and $381.97 million US Long portfolio, upped its stake in Schwab International Equity Etf (SCHF) by 22,015 shares to 29,127 shares, valued at $975,000 in 2017Q3, according to the filing. It also increased its holding in Wisdomtree Us Dividend Growth Etf (DGRW) by 14,439 shares in the quarter, for a total of 417,098 shares, and has risen its stake in Calamos Convertible & High Income Cef (CHY).

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.15, from 1.02 in 2017Q2. It is negative, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported. Qs Invsts accumulated 189,046 shares or 0.06% of the stock. Blackrock Inc invested in 0.16% or 77.30 million shares. Alliancebernstein Ltd Partnership stated it has 0.07% in General Motors Company (NYSE:GM). Price T Rowe Inc Md invested in 0.03% or 4.72M shares. Vanguard Grp holds 0.17% or 91.38 million shares in its portfolio. Winslow Evans & Crocker owns 1,416 shares or 0.02% of their US portfolio. Lakeview Capital Lc holds 0.18% or 5,420 shares in its portfolio. Alps Advisors Inc holds 1.23M shares. Hamlin Capital Management Llc stated it has 4.44% of its portfolio in General Motors Company (NYSE:GM). Ruggie Capital Gp reported 0% of its portfolio in General Motors Company (NYSE:GM). Regions Finance holds 0.01% of its portfolio in General Motors Company (NYSE:GM) for 28,606 shares. Pension Ser has 0.28% invested in General Motors Company (NYSE:GM) for 1.25 million shares. Wellington Mgmt Gp Ltd Liability Partnership, a Massachusetts-based fund reported 10.51 million shares. Laurel Grove Capital Ltd Liability reported 5,600 shares. Arrowmark Colorado Limited Liability Company has 0.11% invested in General Motors Company (NYSE:GM).

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company had 81 analyst reports since July 24, 2015 according to SRatingsIntel. On Monday, September 11 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Hold” rating given on Monday, June 12 by Jefferies. The company was maintained on Monday, October 30 by Jefferies. BMO Capital Markets maintained General Motors Company (NYSE:GM) on Wednesday, October 25 with “Market Perform” rating. As per Wednesday, November 1, the company rating was downgraded by Nomura. The firm earned “Overweight” rating on Tuesday, April 19 by JP Morgan. The rating was initiated by Nomura on Tuesday, September 20 with “Neutral”. The stock of General Motors Company (NYSE:GM) has “Buy” rating given on Wednesday, October 11 by UBS. The firm earned “Hold” rating on Tuesday, August 9 by Jefferies. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, July 24.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 6. They expect $1.29 EPS, up 0.78% or $0.01 from last year’s $1.28 per share. GM’s profit will be $1.83 billion for 8.54 P/E if the $1.29 EPS becomes a reality. After $1.32 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -2.27% negative EPS growth.

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