General Motors Company (NYSE:GM) Holdings Trimmed by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has reduced its stake in General Motors by 17.4% in the first quarter, resulting in a holding valued at approximately $4.07 million.
• Analysts have varying ratings for General Motors, with updates including a price target increase from $50.00 to $56.00 by UBS Group, indicating a generally optimistic outlook.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend yield of 1.1% and a low payout ratio of 9.52%.

New Age Alpha Advisors LLC cut its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 17.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,490 shares of the auto manufacturer's stock after selling 18,237 shares during the period. New Age Alpha Advisors LLC's holdings in General Motors were worth $4,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in shares of General Motors in the 4th quarter valued at $34,000. North Capital Inc. acquired a new position in shares of General Motors in the 1st quarter valued at $40,000. Ossiam acquired a new position in shares of General Motors in the 4th quarter valued at $44,000. Finally, Princeton Global Asset Management LLC lifted its stake 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. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

General Motors Trading Up 1.1%

Shares of NYSE GM traded up $0.57 on Friday, reaching $53.52. 4,125,133 shares of the company traded hands, compared to its average volume of 10,305,823. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The company has a 50 day moving average of $50.87 and a 200 day moving average of $48.85. 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 stock has a market capitalization of $50.96 billion, a PE ratio of 8.50, a P/E/G ratio of 1.12 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its 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. The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 EPS. On average, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GM shares. Deutsche Bank Aktiengesellschaft lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a report on Monday, April 14th. Wells Fargo & Company upped their target price on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a report on Friday, July 11th. Finally, Benchmark began coverage on shares of General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $57.53.

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.