Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases New Position in General Motors Company (NYSE:GM)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,618 shares of the auto manufacturer's stock, valued at approximately $311,000.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position 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 valued at $749,382,000 after acquiring an additional 228,408 shares in the last quarter. Northern Trust Corp boosted its position in General Motors by 8.1% during the 4th 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. ACR Alpine Capital Research LLC boosted its position in General Motors by 4.0% during the 1st quarter. ACR Alpine Capital Research LLC now owns 7,691,140 shares of the auto manufacturer's stock valued at $361,714,000 after acquiring an additional 293,736 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in General Motors by 0.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,555,521 shares of the auto manufacturer's stock valued at $402,483,000 after acquiring an additional 48,525 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after acquiring an additional 1,712,033 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GM. UBS Group boosted their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Mizuho boosted their price target on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, General Motors currently has a consensus rating of "Hold" and an average target price of $56.35.

General Motors Price Performance

Shares of GM opened at $52.52 on Monday. The firm has a market cap of $50.00 billion, a PE ratio of 8.34, a P/E/G ratio of 1.11 and a beta of 1.36. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $50.55 and a two-hundred day simple moving average of $48.77. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.06 EPS. On average, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's dividend payout ratio is currently 9.52%.

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.

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