ZWJ Investment Counsel Inc. Has $17.78 Million Stock Position in General Motors Company (NYSE:GM)

ZWJ Investment Counsel Inc. lowered its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 378,121 shares of the auto manufacturer's stock after selling 14,316 shares during the quarter. ZWJ Investment Counsel Inc.'s holdings in General Motors were worth $17,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Nemes Rush Group LLC raised its holdings in shares of General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after acquiring an additional 217 shares during the period. Operose Advisors LLC boosted its stake in General Motors by 18.7% in the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after purchasing an additional 223 shares during the period. Bessemer Group Inc. increased its holdings in General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after purchasing an additional 226 shares in the last quarter. Norden Group LLC increased its holdings in General Motors by 3.0% during the 4th quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock worth $421,000 after purchasing an additional 229 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of General Motors by 3.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock valued at $316,000 after purchasing an additional 235 shares during the period. Institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

NYSE GM traded up $0.23 on Friday, hitting $52.91. 6,612,290 shares of the stock were exchanged, compared to its average volume of 12,768,053. The company has a market capitalization of $50.86 billion, a PE ratio of 7.62, a P/E/G ratio of 1.42 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. The business's fifty day moving average is $48.66 and its 200 day moving average is $48.71. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24.

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

General Motors Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on GM shares. Citigroup started 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. Piper Sandler restated a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group lowered their price objective 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. Finally, BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Four equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, General Motors has an average rating of "Hold" and an average price target of $53.35.

General Motors Company 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.