Sageworth Trust Co of South Dakota Takes $262,000 Position in General Motors Company (NYSE:GM)

Sageworth Trust Co of South Dakota purchased a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,567 shares of the auto manufacturer's stock, valued at approximately $262,000.

Other institutional investors also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors during the 4th quarter valued at $25,404,000. Cassia Capital Partners LLC raised its position in General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after purchasing an additional 7,221 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of General Motors during the first quarter valued at about $312,000. Olstein Capital Management L.P. grew its holdings in shares of General Motors by 18.0% during the first quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock worth $6,772,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Clarius Group LLC grew its holdings in shares of General Motors by 109.7% during the first quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock worth $861,000 after purchasing an additional 9,579 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Up 5.6%

Shares of General Motors stock traded up $2.78 during trading on Tuesday, reaching $51.99. 13,735,248 shares of the company traded hands, compared to its average volume of 12,757,877. The firm has a market capitalization of $49.98 billion, a PE ratio of 7.49, a P/E/G ratio of 1.34 and a beta of 1.34. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a 50 day moving average price of $48.15 and a 200-day moving average price of $48.66. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data 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 firm had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.62 earnings per share. As a group, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is 8.65%.

Analyst Upgrades and Downgrades

GM has been the subject of a number of research reports. Cowen started coverage on shares of General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. Piper Sandler reaffirmed a "neutral" rating and set a $48.00 price target (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price target on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Wedbush cut their target price on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.35.

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.