10,133 Shares in General Motors Company (NYSE:GM) Bought by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,133 shares of the auto manufacturer's stock, valued at approximately $477,000.

A number of other hedge funds have also modified their holdings of GM. Nemes Rush Group LLC lifted its holdings in shares of General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after purchasing an additional 217 shares during the period. Operose Advisors LLC lifted its holdings in shares of General Motors by 18.7% during the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after purchasing an additional 223 shares during the period. Bessemer Group Inc. lifted its holdings in shares of General Motors by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after purchasing an additional 226 shares during the period. Hohimer Wealth Management LLC lifted its holdings in shares of General Motors by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock worth $3,310,000 after purchasing an additional 230 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of General Motors by 3.6% during the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after purchasing an additional 235 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Up 0.7%

GM stock traded up $0.35 during midday trading on Monday, hitting $53.75. 2,345,206 shares of the company's stock were exchanged, compared to its average volume of 12,318,638. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24. The firm has a 50 day moving average price of $50.23 and a 200-day moving average price of $48.70. The stock has a market capitalization of $51.18 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth 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 for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the business earned $3.06 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.12%. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group increased their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a report on Thursday. Citigroup increased their price objective on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research report on Monday, May 5th. Finally, Mizuho increased their price objective on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors has an average rating of "Hold" and a consensus price target of $56.35.

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.