Poinciana Advisors Group LLC Makes New Investment in General Motors Company (NYSE:GM)

Poinciana Advisors Group LLC acquired a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,099 shares of the auto manufacturer's stock, valued at approximately $334,000.

Several other large investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new position in shares of General Motors in the fourth quarter worth about $27,000. Whittier Trust Co. increased its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares in the last quarter. Transce3nd LLC purchased a new position in shares of General Motors in the fourth quarter worth about $34,000. Rakuten Securities Inc. increased its stake in shares of General Motors by 195.5% in the fourth quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock worth $42,000 after purchasing an additional 524 shares in the last quarter. Finally, Ossiam purchased a new position in shares of General Motors in the fourth quarter worth about $44,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

General Motors stock traded up $0.35 during mid-day trading on Friday, reaching $53.50. 3,310,705 shares of the company's stock traded hands, compared to its average volume of 12,692,339. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a market cap of $51.44 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.41 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average of $49.17 and a two-hundred day moving average of $48.76.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business 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 posted $2.62 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast 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 $0.15 dividend. The ex-dividend date was Friday, June 6th. This is a boost 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 1.12%. General Motors's dividend payout ratio is presently 8.65%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. CLSA raised shares of General Motors to a "moderate buy" rating in a research note on Monday. Barclays boosted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. UBS Group reduced their price objective on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada boosted their price target on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Piper Sandler reissued a "neutral" rating and issued a $48.00 price target (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors currently has an average rating of "Hold" and an average price target of $53.35.

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.