Johnson Investment Counsel Inc. Sells 5,540 Shares of General Motors Company (NYSE:GM)

Johnson Investment Counsel Inc. cut its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 37.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,316 shares of the auto manufacturer's stock after selling 5,540 shares during the period. Johnson Investment Counsel Inc.'s holdings in General Motors were worth $438,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Duncker Streett & Co. Inc. lifted its holdings in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares during the last quarter. Whittier Trust Co. raised its stake in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 425 shares during the last quarter. Measured Risk Portfolios Inc. bought a new stake in General Motors in the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in General Motors in the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. grew its position in General Motors by 195.5% in the 4th quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock worth $42,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GM shares. Mizuho increased their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. TD Cowen began coverage on General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. Royal Bank Of Canada raised their target price on General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Finally, Citigroup began coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, General Motors presently has an average rating of "Hold" and an average price target of $53.35.

General Motors Trading Up 0.0%

Shares of GM opened at $48.10 on Monday. The stock has a fifty day moving average price of $47.62 and a two-hundred day moving average price of $48.81. 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 company has a market cap of $46.24 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.29 and a beta of 1.34. 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 quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The firm's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.62 EPS. Analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. This is a positive change 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%.

General Motors declared that its board has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

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.

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