Atlas Capital Advisors LLC decreased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,264 shares of the auto manufacturer’s stock after selling 4,704 shares during the quarter. Atlas Capital Advisors LLC’s holdings in General Motors were worth $1,492,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Albert D Mason Inc. bought a new position in shares of General Motors in the first quarter worth about $244,000. Hennessy Advisors Inc. boosted its stake in shares of General Motors by 48.2% in the first quarter. Hennessy Advisors Inc. now owns 209,400 shares of the auto manufacturer’s stock worth $7,610,000 after acquiring an additional 68,100 shares during the period. FTB Advisors Inc. boosted its stake in shares of General Motors by 3.2% in the first quarter. FTB Advisors Inc. now owns 79,708 shares of the auto manufacturer’s stock worth $2,993,000 after acquiring an additional 2,463 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of General Motors by 21.4% in the first quarter. Daiwa Securities Group Inc. now owns 496,246 shares of the auto manufacturer’s stock worth $18,033,000 after acquiring an additional 87,625 shares during the period. Finally, Dupont Capital Management Corp boosted its stake in General Motors by 16.4% during the first quarter. Dupont Capital Management Corp now owns 229,142 shares of the auto manufacturer’s stock valued at $8,327,000 after buying an additional 32,238 shares during the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.
GM stock traded up $0.18 during midday trading on Monday, reaching $37.71. 638,679 shares of the company traded hands, compared to its average volume of 10,188,551. General Motors has a 52-week low of $34.50 and a 52-week high of $46.76. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.74. The company has a market cap of $52.95 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 0.76 and a beta of 1.65.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The business had revenue of $36.80 billion for the quarter, compared to the consensus estimate of $36.62 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. equities research analysts expect that General Motors will post 6.02 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.03%. General Motors’s dividend payout ratio (DPR) is presently 22.96%.
In other General Motors news, EVP Alan S. Batey sold 215,685 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $43.01, for a total transaction of $9,276,611.85. Following the sale, the executive vice president now directly owns 84,594 shares in the company, valued at $3,638,387.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.
GM has been the subject of a number of research reports. TheStreet raised General Motors from a “c+” rating to a “b” rating in a research note on Friday, April 27th. ValuEngine raised General Motors from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Morgan Stanley set a $48.00 price target on General Motors and gave the company a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, May 9th. Finally, Vetr lowered General Motors from a “strong-buy” rating to a “buy” rating and set a $41.50 price target for the company. in a research note on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.21.
General Motors Company Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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