Crossmark Global Holdings Inc. Buys 8,986 Shares of General Motors Company (NYSE:GM)

Crossmark Global Holdings Inc. increased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,823 shares of the auto manufacturer's stock after buying an additional 8,986 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in General Motors were worth $6,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Brighton Jones LLC boosted its holdings in shares of General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after buying an additional 31,755 shares during the last quarter. Proficio Capital Partners LLC raised its stake in General Motors by 16.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,441 shares of the auto manufacturer's stock worth $556,000 after acquiring an additional 1,448 shares during the period. Callan Family Office LLC bought a new stake in General Motors during the 4th quarter worth approximately $546,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in General Motors by 3.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 21,178 shares of the auto manufacturer's stock worth $1,245,000 after acquiring an additional 609 shares during the period. Finally, Larson Financial Group LLC raised its stake in General Motors by 7.7% during the 4th quarter. Larson Financial Group LLC now owns 5,534 shares of the auto manufacturer's stock worth $295,000 after acquiring an additional 396 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Up 0.4%

Shares of NYSE:GM traded up $0.21 during trading on Friday, reaching $53.36. The company's stock had a trading volume of 7,695,988 shares, compared to its average volume of 12,693,155. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. General Motors Company has a 12 month low of $38.96 and a 12 month high of $61.24. The firm's 50 day simple moving average is $49.33 and its two-hundred day simple moving average is $48.76. The stock has a market capitalization of $51.30 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter last year, the firm earned $2.62 earnings per share. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts predict 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. Stockholders of record on Friday, June 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research note on Monday, April 14th. UBS Group reduced their price objective 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. CLSA upgraded shares of General Motors to a "moderate buy" rating in a research report on Monday. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Barclays lifted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Four investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $53.35.

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.