Beverly Hills Private Wealth LLC Sells 12,811 Shares of General Motors Company (NYSE:GM)

Beverly Hills Private Wealth LLC cut its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 56.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,055 shares of the auto manufacturer's stock after selling 12,811 shares during the period. Beverly Hills Private Wealth LLC's holdings in General Motors were worth $473,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of General Motors in the 4th quarter valued at $25,404,000. Cassia Capital Partners LLC increased its stake in shares of General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after acquiring 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 valued at $312,000. Olstein Capital Management L.P. increased its stake 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 valued at $6,772,000 after acquiring an additional 22,000 shares in the last quarter. Finally, Clarius Group LLC increased its stake in shares of General Motors by 109.7% in the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock valued at $861,000 after acquiring an additional 9,579 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM traded up $0.21 during midday trading on Friday, hitting $53.36. 7,695,988 shares of the company traded hands, compared to its average volume of 12,693,155. The stock has a 50-day moving average of $49.33 and a 200-day moving average of $48.76. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The firm has a market cap of $51.30 billion, a P/E ratio of 7.69, a PEG ratio of 1.43 and a beta of 1.32. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data 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 analysts' expectations of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. General Motors's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.62 earnings per share. As a group, sell-side analysts predict that General Motors Company will post 11.44 EPS for the current fiscal 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 given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. General Motors's dividend payout ratio is 8.65%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GM. Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Barclays lifted their price objective on shares of General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, UBS Group cut their price target on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, General Motors currently has an average rating of "Hold" and a consensus target price of $53.35.

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.