General Motors (NYSE:GM) Shares Purchased by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. increased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 3.5% in the third quarter, Holdings Channel.com reports. The firm owned 418,688 shares of the auto manufacturer’s stock after acquiring an additional 14,100 shares during the period. General Motors comprises approximately 5.4% of Wilsey Asset Management Inc.’s portfolio, making the stock its 10th largest holding. Wilsey Asset Management Inc.’s holdings in General Motors were worth $12,389,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of General Motors by 1.1% during the 2nd quarter. BlackRock Inc. now owns 105,171,485 shares of the auto manufacturer’s stock worth $2,660,838,000 after buying an additional 1,123,734 shares during the period. Capital World Investors increased its position in shares of General Motors by 6.6% during the 1st quarter. Capital World Investors now owns 100,416,712 shares of the auto manufacturer’s stock worth $2,086,664,000 after purchasing an additional 6,189,518 shares during the last quarter. Capital Research Global Investors increased its position in shares of General Motors by 159.3% during the 1st quarter. Capital Research Global Investors now owns 38,555,728 shares of the auto manufacturer’s stock worth $801,188,000 after purchasing an additional 23,689,152 shares during the last quarter. FMR LLC increased its position in shares of General Motors by 71.4% during the 2nd quarter. FMR LLC now owns 16,089,454 shares of the auto manufacturer’s stock worth $407,063,000 after purchasing an additional 6,703,544 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of General Motors by 1.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,624,094 shares of the auto manufacturer’s stock worth $192,890,000 after acquiring an additional 115,978 shares during the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on General Motors from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. ValuEngine lowered General Motors from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. UBS Group boosted their target price on General Motors from $27.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Royal Bank of Canada boosted their target price on General Motors from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on General Motors from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $37.38.

Shares of NYSE:GM traded up $0.86 during trading on Friday, reaching $33.45. 11,956,111 shares of the company traded hands, compared to its average volume of 15,208,248. The company’s 50 day moving average is $30.62 and its two-hundred day moving average is $26.53. The firm has a market capitalization of $47.87 billion, a PE ratio of 31.86, a PEG ratio of 1.30 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 2.00. General Motors has a 52 week low of $14.32 and a 52 week high of $38.96.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Wednesday, July 29th. The auto manufacturer reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.72) by $1.22. The firm had revenue of $16.80 billion during the quarter, compared to the consensus estimate of $16.93 billion. General Motors had a return on equity of 6.27% and a net margin of 1.46%. The company’s revenue was down 53.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. As a group, research analysts anticipate that General Motors will post 2.51 EPS for the current year.

About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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