General Motors Company (NYSE:GM) Shares Purchased by Cwm LLC

Cwm LLC grew its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 144.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,894 shares of the auto manufacturer's stock after buying an additional 114,108 shares during the quarter. Cwm LLC's holdings in General Motors were worth $9,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of General Motors during the 4th quarter worth about $25,404,000. Cassia Capital Partners LLC raised its position in shares of General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after buying an additional 7,221 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of General Motors in the 1st quarter worth approximately $312,000. OMNI 360 Wealth Inc. bought a new stake in shares of General Motors in the 1st quarter worth approximately $363,000. Finally, Olstein Capital Management L.P. raised its holdings in shares of General Motors by 18.0% in the 1st quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock worth $6,772,000 after purchasing an additional 22,000 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

Shares of GM stock opened at $53.33 on Tuesday. General Motors Company has a 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market cap of $51.27 billion, a PE ratio of 7.68, a PEG ratio of 1.44 and a beta of 1.32. 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 firm's 50 day moving average price is $49.49 and its two-hundred day moving average price is $48.68.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $2.62 earnings per share. As a group, analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

GM has been the topic of a number of research reports. UBS Group boosted their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday. Royal Bank Of Canada lifted their target price on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research report on Monday, April 14th. CLSA raised shares of General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Finally, Wedbush dropped their target price on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Motors presently has an average rating of "Hold" and an average price target of $54.61.

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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