General Motors Company (NYSE:GM) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,825 shares of the auto manufacturer's stock after selling 9,450 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in General Motors were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in General Motors in the fourth quarter valued at approximately $25,404,000. Cassia Capital Partners LLC raised its stake in shares of 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 buying an additional 7,221 shares during the period. Sowell Financial Services LLC bought a new stake in shares of General Motors in the first quarter valued at $312,000. Olstein Capital Management L.P. raised its stake in shares of General Motors by 18.0% during the 1st quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock valued at $6,772,000 after purchasing an additional 22,000 shares during the period. Finally, Clarius Group LLC raised its stake in shares of General Motors by 109.7% during the 1st quarter. Clarius Group LLC now owns 18,311 shares of the auto manufacturer's stock valued at $861,000 after purchasing an additional 9,579 shares during the period. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Down 0.1%

General Motors stock traded down $0.06 during mid-day trading on Monday, reaching $53.33. 6,928,115 shares of the company were exchanged, compared to its average volume of 12,655,722. The business has a fifty day moving average of $49.33 and a 200 day moving average of $48.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The firm has a market cap of $51.27 billion, a P/E ratio of 7.68, a PEG ratio of 1.44 and a beta of 1.32. General Motors Company has a 12-month low of $38.96 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data 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 during 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%. The business'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 business posted $2.62 EPS. Research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were given a dividend of $0.15 per share. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio (DPR) is currently 8.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GM. Wedbush decreased their target price on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group upped their price objective on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday. Finally, Mizuho increased their target price on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $54.61.

About General Motors

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.