Banque Cantonale Vaudoise Takes $2.09 Million Position in General Motors Company (NYSE:GM)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in General Motors, purchasing 44,471 shares valued at approximately $2.09 million.
• General Motors reported a $2.53 EPS for the last quarter, slightly exceeding analyst expectations, with revenue of $47.12 billion which was down 1.8% year-over-year.
• The company has announced a quarterly dividend of $0.15 per share, representing a 1.15% yield and a payout ratio of 9.52%.

Banque Cantonale Vaudoise bought a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,471 shares of the auto manufacturer's stock, valued at approximately $2,092,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Federated Hermes Inc. boosted its holdings in General Motors by 47.5% during the first quarter. Federated Hermes Inc. now owns 948,639 shares of the auto manufacturer's stock valued at $44,614,000 after purchasing an additional 305,290 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in General Motors in the 1st quarter valued at $79,000. Meeder Advisory Services Inc. grew its position in General Motors by 10.9% in the first quarter. Meeder Advisory Services Inc. now owns 28,114 shares of the auto manufacturer's stock valued at $1,322,000 after acquiring an additional 2,763 shares during the period. Fielder Capital Group LLC acquired a new position in General Motors during the first quarter worth $273,000. Finally, New Republic Capital LLC bought a new position in shares of General Motors during the first quarter valued at $435,000. 92.67% of the stock is owned by institutional investors.

General Motors Stock Down 0.1%

General Motors stock opened at $52.08 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm's fifty day moving average price is $50.39 and its two-hundred day moving average price is $48.77. The firm has a market capitalization of $49.58 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.32. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the company posted $3.06 EPS. The company's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, September 5th. General Motors's dividend payout ratio (DPR) is presently 9.52%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GM. Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a research report on Monday, May 5th. UBS Group upped their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company lifted their price objective on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. Mizuho increased their target price on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Benchmark started coverage on shares of General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $56.35.

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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