Integrated Investment Consultants LLC Trims Stock Position in General Motors Company (NYSE:GM)

Key Points

• Integrated Investment Consultants LLC reduced its stake in General Motors by 97.5%, owning only 4,508 shares after selling 176,139 shares in the first quarter.
• General Motors reported a $2.53 EPS for the last quarter, slightly exceeding the consensus estimate of $2.52, though its quarterly revenue decreased by 1.8% year-over-year.
• The company announced a quarterly dividend of $0.15 per share, providing an annualized yield of 1.12%, with a payout ratio of 9.52%.

Integrated Investment Consultants LLC trimmed its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 97.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,508 shares of the auto manufacturer's stock after selling 176,139 shares during the period. Integrated Investment Consultants LLC's holdings in General Motors were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new position in shares of General Motors in the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in shares of General Motors in the 4th quarter valued at about $34,000. North Capital Inc. bought a new position in shares of General Motors in the 1st quarter valued at about $40,000. Ossiam bought a new position in shares of General Motors in the 4th quarter valued at about $44,000. Finally, Princeton Global Asset Management LLC lifted 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 acquiring an additional 626 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GM shares. Wedbush reaffirmed an "outperform" rating and set a $55.00 target price on shares of General Motors in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Piper Sandler reissued a "neutral" rating and set a $48.00 price objective (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, UBS Group raised their target price on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Four analysts have rated the stock with a sell rating, ten have issued 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 stock has an average rating of "Hold" and an average target price of $56.35.

General Motors Stock Performance

Shares of General Motors stock traded up $0.04 on Monday, reaching $53.44. 6,950,118 shares of the stock were exchanged, compared to its average volume of 12,352,931. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average price of $50.23 and a two-hundred day moving average price of $48.70. The firm has a market capitalization of $50.88 billion, a PE ratio of 8.48, a PEG ratio of 1.13 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the business posted $3.06 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio is currently 9.52%.

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.