General Motors (NYSE:GM) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 723,772 shares of the auto manufacturer's stock after buying an additional 21,822 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of General Motors worth $38,555,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the fourth quarter worth $25,000. Crews Bank & Trust purchased a new position in General Motors in the fourth quarter valued at $26,000. Compass Planning Associates Inc purchased a new position in General Motors in the fourth quarter valued at $27,000. Duncker Streett & Co. Inc. increased its holdings in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 498 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

NYSE GM traded up $0.34 during trading hours on Tuesday, hitting $49.03. 8,934,983 shares of the company's stock traded hands, compared to its average volume of 13,325,462. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market capitalization of $47.14 billion, a PE ratio of 7.97, a PEG ratio of 0.67 and a beta of 1.36. The firm's 50-day moving average is $46.96 and its 200-day moving average is $49.82. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted 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. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 EPS. Equities analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors's payout ratio is presently 8.65%.

General Motors declared that its board has authorized a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. UBS Group cut their price objective on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a report on Monday, April 14th. Finally, Citigroup started coverage on shares of General Motors in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 target price on the stock. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, General Motors currently has an average rating of "Hold" and a consensus target price of $54.56.

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.