Burns Matteson Capital Management LLC Takes Position in General Motors Company (NYSE:GM)

Burns Matteson Capital Management LLC bought a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,103 shares of the auto manufacturer's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Measured Risk Portfolios Inc. acquired a new stake in shares of General Motors during the 4th quarter valued at about $27,000. Whittier Trust Co. lifted its holdings in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the last quarter. Transce3nd LLC acquired a new stake in General Motors in the 4th quarter worth approximately $34,000. Ossiam acquired a new stake in General Motors in the 4th quarter worth approximately $44,000. Finally, VSM Wealth Advisory LLC acquired a new stake in General Motors in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. Citigroup initiated coverage on General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price target for the company. Piper Sandler restated a "neutral" rating and set a $48.00 price objective (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, Mizuho upped their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, General Motors presently has an average rating of "Hold" and an average target price of $55.17.

General Motors Stock Performance

NYSE:GM traded up $0.02 during mid-day trading on Friday, hitting $53.23. 6,492,936 shares of the stock were exchanged, compared to its average volume of 12,600,833. The stock has a market capitalization of $51.18 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. The firm's 50-day simple moving average is $49.90 and its 200 day simple moving average is $48.74. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. General Motors Company has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same quarter last year, the company earned $2.62 EPS. The company's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

General Motors Company 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.