General Motors Company (NYSE:GM) Shares Purchased by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in General Motors by 29% in the 1st quarter, owning 244,066 shares valued at approximately $11.48 million.
• General Motors shares have recently fluctuated around $52.39, with a market cap of $49.88 billion and a 52-week trading range between $38.96 and $61.24.
• The company announced a quarterly dividend of $0.15 per share, reflecting a 1.15% dividend yield and an 8.65% payout ratio.

Knights of Columbus Asset Advisors LLC raised its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 29.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 244,066 shares of the auto manufacturer's stock after purchasing an additional 54,826 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in General Motors were worth $11,478,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of General Motors by 4.2% during 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 stake 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 valued at $1,264,567,000 after buying an additional 176,436 shares during the period. Dimensional Fund Advisors LP raised its position in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of General Motors in the 4th quarter worth approximately $592,321,000. Finally, Northern Trust Corp lifted its stake in shares of General Motors by 8.1% in 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 during the period. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research note on Monday, May 5th. Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday. CLSA raised General Motors to a "moderate buy" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. upped their price objective on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, General Motors presently has an average rating of "Hold" and a consensus target price of $56.35.

General Motors Stock Down 1.4%

Shares of NYSE:GM opened at $52.39 on Friday. The firm has a 50 day simple moving average of $50.17 and a 200 day simple moving average of $48.72. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.04 and a current ratio of 1.22. The company has a market cap of $49.88 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.32.

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

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

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.

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