Brookwood Investment Group LLC purchased a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,554 shares of the auto manufacturer's stock, valued at approximately $967,000.
Other hedge funds have also added to or reduced their stakes in the company. Journey Strategic Wealth LLC lifted its holdings in shares of General Motors by 10.2% during the first quarter. Journey Strategic Wealth LLC now owns 4,760 shares of the auto manufacturer's stock worth $224,000 after buying an additional 441 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in shares of General Motors during the first quarter worth $1,059,000. ACR Alpine Capital Research LLC lifted its holdings in shares of General Motors by 4.0% during the first quarter. ACR Alpine Capital Research LLC now owns 7,691,140 shares of the auto manufacturer's stock worth $361,714,000 after buying an additional 293,736 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of General Motors by 42.6% during the first quarter. AE Wealth Management LLC now owns 32,523 shares of the auto manufacturer's stock worth $1,530,000 after buying an additional 9,711 shares in the last quarter. Finally, Mount Lucas Management LP raised its stake in General Motors by 96.8% in the first quarter. Mount Lucas Management LP now owns 35,780 shares of the auto manufacturer's stock valued at $1,683,000 after purchasing an additional 17,603 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.
Analysts Set New Price Targets
GM has been the subject of a number of analyst reports. Mizuho boosted their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Citigroup lifted their price target on shares of General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group lifted their price target on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a report on Monday, April 14th. Finally, Bank of America decreased their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $56.35.
Check Out Our Latest Stock Report on GM
General Motors Stock Up 0.1%
Shares of NYSE:GM traded up $0.04 during trading on Monday, reaching $53.44. 6,949,594 shares of the stock were exchanged, compared to its average volume of 12,352,914. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a fifty day moving average of $50.23 and a two-hundred day moving average of $48.70. The firm has a market cap of $50.88 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share 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 company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the prior year, the firm earned $3.06 earnings per share. General Motors's revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.
General Motors Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.12%. General Motors's dividend payout ratio (DPR) is currently 9.52%.
General Motors Company Profile
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Free Report)
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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