General Motors Company (NYSE:GM) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 9.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,482 shares of the auto manufacturer's stock after selling 8,740 shares during the quarter. Oregon Public Employees Retirement Fund's holdings in General Motors were worth $4,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of General Motors by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock worth $1,264,567,000 after buying an additional 176,436 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of General Motors by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after buying an additional 228,408 shares during the last quarter. Norges Bank acquired a new stake in shares of General Motors during the fourth quarter worth $592,321,000. Finally, Northern Trust Corp grew its holdings in shares of General Motors by 8.1% during the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock valued at $582,251,000 after buying an additional 822,454 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of General Motors stock traded up $0.23 on Friday, hitting $52.91. The company's stock had a trading volume of 6,612,290 shares, compared to its average volume of 12,762,791. The company has a market capitalization of $50.86 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 1.42 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 debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The firm has a fifty day moving average price of $48.54 and a 200-day moving average price of $48.72.

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 EPS for the quarter, beating 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 analysts' expectations of $42.64 billion. During the same period in the previous year, the business earned $2.62 earnings per share. The business's revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.13%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Analyst Ratings Changes

GM has been the subject of a number of research reports. BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Citigroup initiated coverage on General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price for the company. 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. Royal Bank Of Canada raised their price target on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Mizuho upped their price objective on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $53.35.

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.