General Motors Company (NYSE:GM) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC grew its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 73.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,116 shares of the auto manufacturer's stock after acquiring an additional 7,675 shares during the quarter. Proficio Capital Partners LLC's holdings in General Motors were worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after acquiring an additional 1,170,816 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of General Motors by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after purchasing an additional 176,436 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of General Motors by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock valued at $749,382,000 after purchasing an additional 228,408 shares during the last quarter. Norges Bank purchased a new position in shares of General Motors in the 4th quarter worth approximately $592,321,000. Finally, Northern Trust Corp increased its position in shares of General Motors by 8.1% during the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock valued at $582,251,000 after purchasing an additional 822,454 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GM shares. Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday. Barclays raised their target price on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. UBS Group raised their price objective on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $56.35.

General Motors Stock Up 2.0%

NYSE:GM traded up $1.04 during trading hours on Friday, reaching $53.38. The company's stock had a trading volume of 6,483,783 shares, compared to its average volume of 10,352,842. The stock has a 50 day moving average price of $50.23 and a two-hundred day moving average price of $48.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.04 and a current ratio of 1.22. The company has a market capitalization of $50.82 billion, a P/E ratio of 8.47, a price-to-earnings-growth ratio of 1.13 and a beta of 1.32. General Motors Company has a 12 month low of $38.96 and a 12 month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the company posted $3.06 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. General Motors's dividend payout ratio (DPR) is presently 9.52%.

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.