General Motors Company (NYSE:GM) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,823 shares of the auto manufacturer's stock after buying 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 quarter.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position 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 valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of General Motors by 16.1% in the fourth quarter. Proficio Capital Partners LLC now owns 10,441 shares of the auto manufacturer's stock valued at $556,000 after purchasing an additional 1,448 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $546,000. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of General Motors by 3.0% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 21,178 shares of the auto manufacturer's stock valued at $1,245,000 after purchasing an additional 609 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of General Motors by 7.7% in the fourth quarter. Larson Financial Group LLC now owns 5,534 shares of the auto manufacturer's stock valued at $295,000 after purchasing an additional 396 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Up 0.7%

GM stock traded up $0.39 during trading on Wednesday, reaching $52.58. The stock had a trading volume of 5,321,089 shares, compared to its average volume of 12,730,343. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. 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 company has a market capitalization of $50.55 billion, a P/E ratio of 7.58, a PEG ratio of 1.40 and a beta of 1.32. The firm has a fifty day moving average price of $48.86 and a 200 day moving average price of $48.73.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued 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 net margin of 3.08% and a return on equity of 14.30%. The firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same quarter in the previous year, the business posted $2.62 EPS. The firm'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 earnings per share for the current year.

General Motors Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Mizuho raised 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. Barclays raised their price objective on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Royal Bank Of Canada raised their price target on General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Piper Sandler restated a "neutral" rating and issued a $48.00 price objective (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Four investment 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.35.

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.