Diversified Trust Co Sells 15,358 Shares of General Motors Company (NYSE:GM)

Diversified Trust Co decreased its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,215 shares of the auto manufacturer's stock after selling 15,358 shares during the period. Diversified Trust Co's holdings in General Motors were worth $716,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC increased its position in General Motors by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after buying an additional 176,436 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in General Motors by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after buying an additional 228,408 shares during the period. Norges Bank acquired a new stake in General Motors in the fourth quarter valued at approximately $592,321,000. Finally, Northern Trust Corp increased its holdings in shares of General Motors by 8.1% during the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock valued at $582,251,000 after acquiring an additional 822,454 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 1.1%

Shares of General Motors stock opened at $49.69 on Monday. The firm has a market cap of $47.77 billion, a PE ratio of 7.16, a P/E/G ratio of 1.34 and a beta of 1.34. General Motors Company has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04. The stock has a fifty day moving average price of $48.05 and a 200-day moving average price of $48.68.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 earnings per share. Equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.21%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio is 8.65%.

Analysts Set New Price Targets

Several research firms recently issued reports on GM. The Goldman Sachs Group reduced their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. UBS Group decreased their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Barclays raised their price target 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. Finally, TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.