General Motors Company (NYSE:GM) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 13.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,284,882 shares of the auto manufacturer's stock after selling 202,373 shares during the period. Jennison Associates LLC owned approximately 0.13% of General Motors worth $60,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Retirement Planning Co of New England Inc. purchased a new stake in shares of General Motors during the 1st quarter valued at about $221,000. Graypoint LLC raised its stake in General Motors by 6.8% during the first quarter. Graypoint LLC now owns 10,049 shares of the auto manufacturer's stock valued at $473,000 after purchasing an additional 640 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in General Motors during the first quarter valued at $381,000. Parcion Private Wealth LLC purchased a new stake in General Motors during the first quarter valued at $373,000. Finally, Victory Capital Management Inc. increased its position in General Motors by 51.0% during the first quarter. Victory Capital Management Inc. now owns 3,148,956 shares of the auto manufacturer's stock valued at $148,095,000 after acquiring an additional 1,063,606 shares during 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 commented on the stock. UBS Group upped their price target on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research note on Monday, May 5th. Mizuho lifted their price target on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. CLSA raised shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. Finally, Royal Bank Of Canada lifted their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Four 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.17.

General Motors Trading Up 0.0%

Shares of NYSE GM traded up $0.02 during trading on Friday, hitting $53.23. 6,492,936 shares of the company were exchanged, compared to its average volume of 12,584,798. The firm has a market capitalization of $51.18 billion, a PE ratio of 7.67, a P/E/G ratio of 1.43 and a beta of 1.32. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a fifty day moving average price of $50.02 and a 200-day moving average price of $48.71. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21.

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

General Motors Increases Dividend

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