General Motors Company (NYSE:GM) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 96.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,948 shares of the auto manufacturer's stock after selling 91,862 shares during the quarter. Meeder Asset Management Inc.'s holdings in General Motors were worth $139,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. purchased a new position in General Motors during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in shares of General Motors during the 4th quarter worth approximately $34,000. North Capital Inc. purchased a new stake in shares of General Motors during the 1st quarter valued at approximately $40,000. Ossiam acquired a new position in General Motors in the fourth quarter valued at approximately $44,000. Finally, Princeton Global Asset Management LLC lifted its holdings in General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after acquiring an additional 626 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

General Motors stock opened at $52.08 on Thursday. The stock has a fifty day moving average price of $50.39 and a 200 day moving average price of $48.77. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The firm has a market capitalization of $49.58 billion, a P/E ratio of 8.27, a PEG ratio of 1.10 and a beta of 1.32. 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 quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating 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 company 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 EPS. General Motors's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio is currently 9.52%.

Wall Street Analyst Weigh In

A number of research firms have commented on GM. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. CLSA raised General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a research report on Monday, May 5th. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research report on Friday, July 11th. Finally, Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $56.35.

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.

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