Axxcess Wealth Management LLC Increases Position in General Motors Company (NYSE:GM)

Axxcess Wealth Management LLC raised its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 20.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,546 shares of the auto manufacturer's stock after purchasing an additional 5,773 shares during the period. Axxcess Wealth Management LLC's holdings in General Motors were worth $1,625,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in General Motors in the 4th quarter worth approximately $27,000. Whittier Trust Co. raised its stake in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares in the last quarter. Transce3nd LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $34,000. Rakuten Securities Inc. boosted its stake in shares of General Motors by 195.5% in the 4th quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock valued at $42,000 after purchasing an additional 524 shares in the last quarter. Finally, Ossiam bought a new position in shares of General Motors during the 4th quarter valued at $44,000. Institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of General Motors stock opened at $53.09 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. The business has a fifty day simple moving average of $49.17 and a two-hundred day simple moving average of $48.76. The firm has a market capitalization of $51.04 billion, a P/E ratio of 7.65, a P/E/G 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.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $2.62 earnings per share. On average, equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

GM has been the subject of several analyst reports. Citigroup started coverage on General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price for the company. The Goldman Sachs Group dropped their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a research note on Monday, May 5th. Royal Bank Of Canada upped their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Mizuho raised their price target on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $53.35.

About General Motors

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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