General Motors Company (NYSE:GM) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lowered its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 56.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,055 shares of the auto manufacturer's stock after selling 12,811 shares during the quarter. 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 made changes to their positions in the company. Whittier Trust Co. increased its position in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares in the last quarter. Measured Risk Portfolios Inc. purchased a new position in shares of General Motors in the fourth quarter valued at $27,000. Transce3nd LLC purchased a new position in shares of General Motors in the fourth quarter valued at $34,000. North Capital Inc. purchased a new position in shares of General Motors in the first quarter valued at $40,000. Finally, Rakuten Securities Inc. increased its position in shares of General Motors by 195.5% in the fourth quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock valued at $42,000 after buying an additional 524 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research report on Monday, April 14th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Citigroup assumed coverage on General Motors in a research report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective for the company. The Goldman Sachs Group dropped their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Wedbush dropped their price objective on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $53.35.

General Motors Trading Up 1.0%

Shares of NYSE GM traded up $0.53 during midday trading on Thursday, hitting $53.10. The stock had a trading volume of 3,824,081 shares, compared to its average volume of 12,695,540. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 7.65, a PEG ratio of 1.40 and a beta of 1.32. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. The company has a fifty day moving average price of $49.00 and a 200 day moving average price of $48.76.

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

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were paid a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, June 6th. General Motors's payout ratio is currently 8.65%.

General Motors 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.