General Motors Company (NYSE:GM) Holdings Raised by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC lifted its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,691,140 shares of the auto manufacturer's stock after acquiring an additional 293,736 shares during the quarter. General Motors accounts for 7.6% of ACR Alpine Capital Research LLC's portfolio, making the stock its 7th largest position. ACR Alpine Capital Research LLC owned about 0.80% of General Motors worth $361,714,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in General Motors in the 4th quarter worth about $25,404,000. Cassia Capital Partners LLC grew its stake in General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares in the last quarter. AustralianSuper Pty Ltd grew its stake in General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after purchasing an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC bought a new position in General Motors in the first quarter worth approximately $312,000. Finally, OMNI 360 Wealth Inc. bought a new position in General Motors in the first quarter worth approximately $363,000. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GM shares. Bank of America cut their target price on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Royal Bank Of Canada raised their target price on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Benchmark assumed coverage on shares of General Motors in a research report on Monday. They issued a "buy" rating and a $65.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $56.35.

General Motors Stock Performance

Shares of NYSE GM traded down $0.74 during trading on Thursday, reaching $52.39. 10,217,868 shares of the company traded hands, compared to its average volume of 10,361,164. The firm's fifty day simple moving average is $50.17 and its 200 day simple moving average is $48.72. The stock has a market cap of $49.88 billion, a P/E ratio of 8.32, a PEG ratio of 1.41 and a beta of 1.32. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $3.06 earnings per share. As a group, research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is 8.65%.

General Motors Company Profile

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