Board of the Pension Protection Fund Acquires New Holdings in General Motors Company (NYSE:GM)

Board of the Pension Protection Fund bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,900 shares of the auto manufacturer's stock, valued at approximately $795,000.

Other large investors have also recently added to or reduced their stakes in the company. Perpetual Ltd boosted its holdings in shares of General Motors by 22.2% during the 1st quarter. Perpetual Ltd now owns 25,025 shares of the auto manufacturer's stock worth $1,177,000 after buying an additional 4,554 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in General Motors by 8.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,368,540 shares of the auto manufacturer's stock worth $64,362,000 after acquiring an additional 102,621 shares during the last quarter. Golden State Wealth Management LLC lifted its position in General Motors by 642.2% during the 1st quarter. Golden State Wealth Management LLC now owns 3,451 shares of the auto manufacturer's stock worth $162,000 after acquiring an additional 2,986 shares during the last quarter. Spire Wealth Management boosted its holdings in General Motors by 24.6% during the first quarter. Spire Wealth Management now owns 5,217 shares of the auto manufacturer's stock valued at $245,000 after acquiring an additional 1,029 shares during the period. Finally, waypoint wealth counsel acquired a new stake in shares of General Motors in the first quarter valued at about $235,000. Institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on GM. The Goldman Sachs Group lowered their target price on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group dropped their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Finally, Wedbush reduced their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.35.

General Motors Price Performance

NYSE:GM opened at $49.16 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. The firm has a market cap of $47.27 billion, a PE ratio of 7.08, 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's 50-day moving average price is $47.95 and its two-hundred day moving average price is $48.75.

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

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were issued a $0.15 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is currently 8.65%.

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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