Retirement Planning Co of New England Inc. Invests $221,000 in General Motors Company (NYSE:GM)

Retirement Planning Co of New England Inc. purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,700 shares of the auto manufacturer's stock, valued at approximately $221,000.

Other large investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC raised its position in shares of General Motors by 18.7% during the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after purchasing an additional 217 shares during the last quarter. Operose Advisors LLC increased its stake in General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after buying an additional 223 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of General Motors by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after acquiring an additional 226 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in shares of General Motors by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock valued at $3,310,000 after acquiring an additional 230 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of General Motors by 3.6% during the first 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 in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Royal Bank Of Canada boosted their target price on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research note on Monday, May 5th. Citigroup assumed coverage on shares of General Motors in a research report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price target on the stock. Finally, Piper Sandler restated a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $55.17.

General Motors Price Performance

Shares of GM opened at $53.22 on Friday. The firm has a market capitalization of $51.16 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.43 and a beta of 1.32. The firm's fifty day simple moving average is $49.90 and its 200-day simple moving average is $48.74. General Motors Company has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46.

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 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a return on equity of 14.30% and a net margin of 3.08%. General Motors's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.62 earnings per share. Equities analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.13%. General Motors's payout ratio is presently 8.65%.

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.

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