Avior Wealth Management LLC Sells 5,241 Shares of General Motors Company (NYSE:GM)

Avior Wealth Management LLC trimmed its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 51.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,007 shares of the auto manufacturer's stock after selling 5,241 shares during the period. Avior Wealth Management LLC's holdings in General Motors were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its position in General Motors by 19.4% in the 1st quarter. Blue Trust Inc. now owns 2,471 shares of the auto manufacturer's stock worth $116,000 after purchasing an additional 402 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in General Motors in the 1st quarter worth about $90,000. Institute for Wealth Management LLC. grew its position in General Motors by 18.7% in the 1st quarter. Institute for Wealth Management LLC. now owns 42,372 shares of the auto manufacturer's stock worth $1,993,000 after purchasing an additional 6,668 shares in the last quarter. CWA Asset Management Group LLC grew its position in General Motors by 807.1% in the 1st quarter. CWA Asset Management Group LLC now owns 43,833 shares of the auto manufacturer's stock worth $2,061,000 after purchasing an additional 39,001 shares in the last quarter. Finally, Clarius Group LLC grew its position in General Motors by 109.7% in the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock worth $861,000 after purchasing an additional 9,579 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Stock Up 0.7%

GM opened at $48.56 on Tuesday. The company has a 50 day moving average of $47.69 and a 200 day moving average of $48.78. The company has a market cap of $46.69 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.34. 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 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. During the same period in the prior year, the company posted $2.62 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors announced that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.24%. General Motors's dividend payout ratio is currently 8.65%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GM shares. Barclays increased their target price on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Mizuho increased their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reduced their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a research report on Monday, April 14th. Finally, BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $53.35.

General Motors 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.

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