Fielder Capital Group LLC Invests $273,000 in General Motors Company (NYSE:GM)

Key Points

• Fielder Capital Group LLC has invested $273,000 in General Motors by purchasing 5,801 shares during the first quarter, as reported in their recent SEC filing.
• General Motors reported $2.53 EPS in its latest quarterly earnings, slightly exceeding analysts' expectations and revealing a revenue of $47.12 billion despite a 1.8% decline year-over-year.
• The company declared a $0.15 quarterly dividend, projecting an annualized rate of $0.60 with a yield of 1.12%, set to be paid on September 18th to shareholders of record by September 5th.

Fielder Capital Group LLC purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,801 shares of the auto manufacturer's stock, valued at approximately $273,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in General Motors by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock worth $1,559,380,000 after acquiring an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC grew its holdings in General Motors by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock worth $1,264,567,000 after acquiring an additional 176,436 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 acquiring an additional 228,408 shares in the last quarter. Northern Trust Corp grew its holdings 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 worth $582,251,000 after acquiring an additional 822,454 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its holdings 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 worth $361,714,000 after acquiring an additional 293,736 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

Shares of General Motors stock opened at $53.38 on Monday. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $50.82 billion, a P/E ratio of 8.47, a PEG ratio of 1.13 and a beta of 1.32. The company has a 50 day moving average price of $50.23 and a 200 day moving average price of $48.70.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio is presently 9.52%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Piper Sandler reiterated a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a report on Friday, July 11th. Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a report on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Citigroup raised their price target on shares of General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $56.35.

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.

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