OMNI 360 Wealth Inc. Acquires Shares of 7,724 General Motors Company (NYSE:GM)

OMNI 360 Wealth Inc. purchased a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,724 shares of the auto manufacturer's stock, valued at approximately $363,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nemes Rush Group LLC increased its position in General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after acquiring an additional 217 shares during the last quarter. Operose Advisors LLC grew its stake in shares of General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after purchasing an additional 223 shares during the period. Bessemer Group Inc. increased its position in shares of General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after purchasing an additional 226 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of General Motors by 3.6% in the 1st 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. Finally, Royal Capital Wealth Management LLC lifted its stake in shares of General Motors by 5.3% in the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock worth $270,000 after purchasing an additional 255 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. UBS Group lowered their target price on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Citigroup began coverage on General Motors in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target for the company. Finally, Mizuho increased their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, General Motors has a consensus rating of "Hold" and an average price target of $53.35.

General Motors Price Performance

Shares of GM stock traded down $0.02 during trading hours on Friday, hitting $53.13. The stock had a trading volume of 1,963,218 shares, compared to its average volume of 12,687,088. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04. The stock has a market capitalization of $51.08 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.41 and a beta of 1.32. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The stock's 50-day moving average price is $49.17 and its two-hundred day moving average price is $48.76.

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

General Motors Increases Dividend

The business also recently disclosed 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 a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, June 6th. General Motors's payout ratio is presently 8.65%.

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.