General Motors Company (NYSE:GM) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC cut its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 78.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,869 shares of the auto manufacturer's stock after selling 21,103 shares during the period. Stratos Wealth Advisors LLC's holdings in General Motors were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of General Motors in the fourth quarter worth approximately $592,321,000. Assenagon Asset Management S.A. raised its holdings in shares of General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after buying an additional 2,154,037 shares during the period. National Bank of Canada FI raised its holdings in shares of General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock worth $178,593,000 after buying an additional 1,180,936 shares during the period. Franklin Resources Inc. raised its holdings in shares of General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock worth $1,559,380,000 after buying an additional 1,170,816 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of General Motors in the fourth quarter worth approximately $60,198,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Up 0.4%

NYSE GM traded up $0.21 during midday trading on Friday, hitting $53.36. 7,695,988 shares of the company traded hands, compared to its average volume of 12,693,156. 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 has a market cap of $51.30 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. The company's 50-day simple moving average is $49.33 and its 200-day simple moving average is $48.76. General Motors Company 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 quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.62 EPS. As a group, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were given a $0.15 dividend. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GM shares. Wedbush reduced their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Sanford C. Bernstein set a $36.00 price target on General Motors in a report on Monday, May 5th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Piper Sandler restated a "neutral" rating and set a $48.00 price objective (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective on the stock. in a report on Monday, April 14th. Four research analysts have rated the stock with a sell rating, ten have given 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, the stock presently has an average rating of "Hold" and an average target price 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.