OMNI 360 Wealth Inc. Takes Position in General Motors Company (NYSE:GM)

OMNI 360 Wealth Inc. purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,724 shares of the auto manufacturer's stock, valued at approximately $363,000.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares during the period. Proficio Capital Partners LLC raised its holdings in General Motors by 16.1% in the 4th quarter. Proficio Capital Partners LLC now owns 10,441 shares of the auto manufacturer's stock worth $556,000 after purchasing an additional 1,448 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of General Motors in the 4th quarter worth about $546,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of General Motors by 3.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 21,178 shares of the auto manufacturer's stock valued at $1,245,000 after purchasing an additional 609 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of General Motors by 7.7% during the 4th quarter. Larson Financial Group LLC now owns 5,534 shares of the auto manufacturer's stock valued at $295,000 after purchasing an additional 396 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho raised their price objective 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. Barclays increased their target price on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. Royal Bank Of Canada upped their price target on General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Sanford C. Bernstein set a $36.00 price objective on General Motors in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $53.35.

General Motors Stock Up 0.7%

NYSE GM traded up $0.39 during mid-day trading on Wednesday, reaching $52.58. The stock had a trading volume of 5,321,089 shares, compared to its average volume of 12,730,343. The stock has a market cap of $50.55 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.32. General Motors Company has a 1 year low of $38.96 and a 1 year high of $61.24. 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 company has a fifty day moving average price of $48.86 and a 200 day moving average price of $48.73.

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

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) 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.