General Motors Company (NYSE:GM) Stock Position Raised by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in General Motors by 44.9% during the first quarter, owning 21,598 shares valued at $1,016,000 after purchasing an additional 6,691 shares.
• General Motors reported earnings of $2.53 per share for the latest quarter, surpassing estimates, with a total revenue of $47.12 billion, indicating a 1.8% decline year-over-year.
• The company declared a quarterly dividend of $0.15 per share, translating to an annual yield of 1.1%, with a payout ratio of 9.52%.

Arkadios Wealth Advisors lifted its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 44.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,598 shares of the auto manufacturer's stock after purchasing an additional 6,691 shares during the period. Arkadios Wealth Advisors' holdings in General Motors were worth $1,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors in the fourth quarter valued at $27,000. Transce3nd LLC purchased a new stake in General Motors in the 4th quarter worth about $34,000. Ossiam acquired a new stake in General Motors during the 4th quarter worth about $44,000. North Capital Inc. purchased a new position in General Motors during the 1st quarter valued at about $40,000. Finally, Princeton Global Asset Management LLC increased its holdings in shares of General Motors by 141.0% in the 1st quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after purchasing an additional 626 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

Shares of GM stock opened at $52.52 on Friday. The stock has a market capitalization of $50.00 billion, a PE ratio of 8.34, a PEG ratio of 1.11 and a beta of 1.35. The business's 50 day simple moving average is $50.55 and its 200 day simple moving average is $48.79. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a one year low of $38.96 and a one year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the company posted $3.06 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a $0.15 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.1%. General Motors's dividend payout ratio is presently 9.52%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Citigroup boosted their price target on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Finally, Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a report on Monday, May 5th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $56.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.