General Motors Company (NYSE:GM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 45.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 961,980 shares of the auto manufacturer's stock after selling 788,102 shares during the period. Teacher Retirement System of Texas owned approximately 0.10% of General Motors worth $45,242,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC increased its holdings in shares of General Motors by 18.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after purchasing an additional 217 shares during the last quarter. Operose Advisors LLC increased its stake in shares of General Motors by 18.7% in the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after acquiring an additional 223 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after acquiring an additional 226 shares during the last quarter. Norden Group LLC increased its position in General Motors by 3.0% during the fourth quarter. Norden Group LLC now owns 7,906 shares of the auto manufacturer's stock worth $421,000 after purchasing an additional 229 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in 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 during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. UBS Group cut their target price on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Mizuho raised their target price on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $53.35.

General Motors Stock Performance

NYSE GM traded up $0.23 during trading hours on Friday, hitting $52.91. The company had a trading volume of 6,612,290 shares, compared to its average volume of 12,762,791. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. General Motors Company has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market cap of $50.86 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32. The business has a 50 day moving average of $48.66 and a 200-day moving average of $48.73.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating 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 revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.62 EPS. As a group, equities research analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The firm also recently declared 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. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio is currently 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.