Skylands Capital LLC Has $25.97 Million Holdings in General Motors Company (NYSE:GM)

Skylands Capital LLC boosted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552,175 shares of the auto manufacturer's stock after purchasing an additional 16,125 shares during the period. General Motors comprises about 3.7% of Skylands Capital LLC's holdings, making the stock its 4th largest holding. Skylands Capital LLC owned about 0.06% of General Motors worth $25,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in GM. Measured Risk Portfolios Inc. acquired a new position in General Motors in the 4th quarter valued at approximately $27,000. Whittier Trust Co. increased its position in General Motors by 551.9% in the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares during the period. Duncker Streett & Co. Inc. increased its position in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares during the period. Transce3nd LLC acquired a new position in General Motors in the 4th quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. increased its position in General Motors by 195.5% in the 4th quarter. Rakuten Securities Inc. now owns 792 shares of the auto manufacturer's stock valued at $42,000 after acquiring an additional 524 shares during the period. Institutional investors own 92.67% of the company's stock.

General Motors Stock Up 1.1%

GM opened at $49.69 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.21 and a quick ratio of 1.04. The company's 50-day moving average is $48.05 and its 200 day moving average is $48.71. General Motors Company has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The firm has a market capitalization of $47.77 billion, a P/E ratio of 7.16, a PEG ratio of 1.34 and a beta of 1.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter last year, the company posted $2.62 earnings per share. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, June 6th. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is 8.65%.

Analyst Ratings Changes

Several equities analysts have issued reports on GM shares. JPMorgan Chase & Co. decreased their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Cowen began coverage on shares of General Motors in a research report on Thursday, March 6th. They set a "buy" rating for the company. The Goldman Sachs Group decreased their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Citigroup began coverage on shares of General Motors in a research report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective for the company. Finally, BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Four equities research 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.

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