Crossmark Global Holdings Inc. Boosts Position in General Motors Company (NYSE:GM)

Crossmark Global Holdings Inc. lifted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,823 shares of the auto manufacturer's stock after acquiring an additional 8,986 shares during the period. 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 have also added to or reduced their stakes in GM. Nemes Rush Group LLC grew its position in shares of General Motors by 18.7% during the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after acquiring an additional 217 shares during the period. Operose Advisors LLC grew its holdings in General Motors by 18.7% in the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after acquiring an additional 223 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after purchasing an additional 226 shares during the period. Aaron Wealth Advisors LLC lifted its position in General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock valued at $316,000 after acquiring an additional 235 shares during the period. Finally, Royal Capital Wealth Management LLC lifted its position in General Motors by 5.3% during the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock valued at $270,000 after acquiring an additional 255 shares during the period. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the subject of several recent research reports. Barclays boosted their target price 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. Royal Bank Of Canada upped their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Finally, CLSA upgraded shares of General Motors to a "moderate buy" rating in a research report on Monday. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $53.35.

General Motors Stock Up 0.6%

Shares of NYSE:GM traded up $0.32 during trading on Wednesday, reaching $52.51. The stock had a trading volume of 899,941 shares, compared to its average volume of 12,701,421. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The company has a market capitalization of $50.48 billion, a P/E ratio of 7.57, a PEG ratio of 1.39 and a beta of 1.32. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. The firm's 50-day simple moving average is $48.86 and its 200 day simple moving average is $48.73.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the business earned $2.62 EPS. The company's revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were given a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

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.