Bank Julius Baer & Co. Ltd Zurich Cuts Stock Holdings in General Motors Company (NYSE:GM)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 22.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,389 shares of the auto manufacturer's stock after selling 4,789 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in General Motors were worth $771,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors in the fourth quarter worth $27,000. Transce3nd LLC acquired a new position in shares of General Motors in the fourth quarter worth $34,000. Ossiam acquired a new position in shares of General Motors in the fourth quarter worth $44,000. North Capital Inc. acquired a new position in shares of General Motors in the first quarter worth $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of General Motors in the fourth quarter worth $46,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of GM stock traded up $0.34 during trading hours on Monday, hitting $53.74. The company's stock had a trading volume of 2,063,027 shares, compared to its average volume of 12,314,570. The business has a fifty day moving average of $50.23 and a 200-day moving average of $48.70. The stock has a market cap of $51.16 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.13 and a beta of 1.32. General Motors Company has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

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 (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 firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter last year, the business earned $3.06 earnings per share. General Motors's revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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 given a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Analyst Ratings Changes

Several equities analysts have commented on GM shares. Mizuho boosted 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. Barclays boosted their target price on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price for the company. in a research note on Monday, April 14th. Finally, Wedbush reiterated an "outperform" rating and set a $55.00 target price on shares of General Motors in a research note on Wednesday, July 23rd. Four investment 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 stock has an average rating of "Hold" and a consensus price target of $56.35.

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.