J.W. Cole Advisors Inc. lifted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 180.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,234 shares of the auto manufacturer's stock after purchasing an additional 18,826 shares during the period. J.W. Cole Advisors Inc.'s holdings in General Motors were worth $1,375,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. increased its stake in shares of General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares in the last quarter. Measured Risk Portfolios Inc. bought a new position in shares of General Motors in the 4th quarter worth about $27,000. Transce3nd LLC bought a new position in shares of General Motors in the 4th quarter worth about $34,000. North Capital Inc. bought a new position in shares of General Motors in the 1st quarter worth about $40,000. Finally, Ossiam bought a new position in shares of General Motors in the 4th quarter worth about $44,000. 92.67% of the stock is owned by hedge funds and other institutional investors.
General Motors Stock Performance
Shares of GM traded up $1.04 on Friday, reaching $53.38. The company's stock had a trading volume of 6,483,783 shares, compared to its average volume of 10,352,842. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.04. The stock 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 stock's 50 day simple moving average is $50.23 and its two-hundred day simple moving average is $48.72. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data 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. The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 earnings per share. Research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The firm also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is 9.52%.
Analyst Ratings Changes
GM has been the subject of several research reports. Mizuho increased their price target on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Bank of America reduced their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday. Wedbush restated an "outperform" rating and set a $55.00 price objective on shares of General Motors in a research note on Wednesday. Finally, CLSA upgraded shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $56.35.
Check Out Our Latest Report on GM
General Motors Profile
(
Free Report)
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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