General Motors Company (NYSE:GM) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC increased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 807.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,833 shares of the auto manufacturer's stock after purchasing an additional 39,001 shares during the quarter. CWA Asset Management Group LLC's holdings in General Motors were worth $2,061,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new position in shares of General Motors during the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc acquired a new position in General Motors during the 4th quarter valued at approximately $27,000. Whittier Trust Co. grew its stake in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares during the last quarter. Duncker Streett & Co. Inc. increased its position in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares during the period. Finally, Transce3nd LLC acquired a new stake in General Motors in the fourth quarter worth $34,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analysts Set New Price Targets

GM has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Royal Bank Of Canada boosted their target price 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. Piper Sandler restated a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Sanford C. Bernstein set a $36.00 price target on General Motors in a report on Monday, May 5th. Finally, TD Cowen started coverage on General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective for the company. Four research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $53.35.

General Motors Price Performance

Shares of GM stock traded down $0.18 during mid-day trading on Thursday, hitting $48.10. 8,417,996 shares of the stock traded hands, compared to its average volume of 12,942,143. General Motors Company has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The company's 50-day simple moving average is $47.45 and its 200-day simple moving average is $48.96. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34.

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

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be issued a $0.15 dividend. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Friday, June 6th. General Motors's payout ratio is presently 8.65%.

General Motors declared that its board has initiated a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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.