Louisiana State Employees Retirement System Lowers Holdings in General Motors Company (NYSE:GM)

Louisiana State Employees Retirement System lowered its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,500 shares of the auto manufacturer's stock after selling 5,600 shares during the quarter. Louisiana State Employees Retirement System's holdings in General Motors were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Measured Risk Portfolios Inc. bought a new stake in General Motors during the fourth quarter worth approximately $27,000. Whittier Trust Co. grew its stake in General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the last quarter. Transce3nd LLC acquired a new position in General Motors in the 4th quarter valued at $34,000. Ossiam acquired a new position in General Motors in the 4th quarter valued at $44,000. Finally, VSM Wealth Advisory LLC acquired a new stake in General Motors in the 4th quarter worth $44,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

GM traded down $0.11 during midday trading on Friday, hitting $53.10. The stock had a trading volume of 3,178,070 shares, compared to its average volume of 12,588,286. The company has a market cap of $51.05 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. The business has a fifty day moving average of $49.90 and a 200 day moving average of $48.74. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. General Motors Company has a 1 year low of $38.96 and a 1 year high of $61.24.

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

General Motors Increases Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on GM. UBS Group raised their price target on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday. Citigroup began coverage on shares of General Motors in a research report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price on the stock. CLSA upgraded shares of General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Barclays lifted their target price on shares of General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Wedbush cut their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $55.17.

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.