Blair William & Co. IL boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 25.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 130,558 shares of the auto manufacturer’s stock after buying an additional 26,350 shares during the period. Blair William & Co. IL’s holdings in General Motors were worth $4,560,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GM. First Citizens Bank & Trust Co. boosted its position in shares of General Motors by 7.9% in the first quarter. First Citizens Bank & Trust Co. now owns 96,816 shares of the auto manufacturer’s stock valued at $3,423,000 after buying an additional 7,084 shares during the period. Acadian Asset Management LLC boosted its position in shares of General Motors by 78.5% in the first quarter. Acadian Asset Management LLC now owns 407,149 shares of the auto manufacturer’s stock valued at $14,397,000 after buying an additional 179,085 shares during the period. Korea Investment CORP boosted its position in shares of General Motors by 24.6% in the first quarter. Korea Investment CORP now owns 1,298,027 shares of the auto manufacturer’s stock valued at $45,898,000 after buying an additional 255,912 shares during the period. Foster & Motley Inc. boosted its position in shares of General Motors by 1.1% in the first quarter. Foster & Motley Inc. now owns 11,159 shares of the auto manufacturer’s stock valued at $395,000 after buying an additional 116 shares during the period. Finally, IFC Holdings Incorporated FL boosted its position in shares of General Motors by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock valued at $1,141,000 after buying an additional 14,559 shares during the period. 75.56% of the stock is currently owned by institutional investors.
General Motors Company (NYSE GM) opened at 35.30 on Wednesday. The company has a 50-day moving average price of $35.49 and a 200-day moving average price of $35.05. The stock has a market cap of $51.44 billion, a price-to-earnings ratio of 6.14 and a beta of 1.45. General Motors Company has a 52 week low of $30.13 and a 52 week high of $38.55.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. During the same period in the previous year, the business posted $1.86 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that General Motors Company will post $6.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s payout ratio is 26.48%.
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Several analysts have issued reports on GM shares. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a research report on Monday, July 17th. Zacks Investment Research cut General Motors from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $37.00 target price on shares of General Motors in a research report on Friday, July 14th. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. General Motors presently has an average rating of “Buy” and an average price target of $39.26.
In related news, Director Jane L. Mendillo purchased 1,440 shares of the company’s stock in a transaction on Friday, August 18th. The shares were bought at an average cost of $34.86 per share, for a total transaction of $50,198.40. Following the transaction, the director now owns 4,560 shares of the company’s stock, valued at $158,961.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Daniel Ammann sold 40,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the sale, the president now owns 235,953 shares in the company, valued at $8,494,308. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 12,960 shares of company stock valued at $447,537 and have sold 330,673 shares valued at $11,590,746. Insiders own 0.04% of the company’s stock.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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