Valeo Financial Advisors LLC Reduces Position in General Motors Company (NYSE:GM)

Valeo Financial Advisors LLC reduced its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 81.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 20,845 shares of the auto manufacturer's stock after selling 93,465 shares during the quarter. Valeo Financial Advisors LLC's holdings in General Motors were worth $980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nemes Rush Group LLC boosted its holdings in shares of General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after buying an additional 217 shares during the last quarter. Operose Advisors LLC boosted its holdings 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 buying an additional 223 shares during the last quarter. Bessemer Group Inc. boosted its holdings 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 buying an additional 226 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of General Motors by 3.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after buying an additional 235 shares during the last quarter. Finally, Royal Capital Wealth Management LLC lifted its holdings in General Motors by 5.3% during the fourth quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock valued at $270,000 after purchasing an additional 255 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of GM stock traded up $0.21 during trading on Friday, hitting $53.36. The company had a trading volume of 7,695,988 shares, compared to its average volume of 12,678,712. General Motors Company has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. The stock's 50-day moving average is $49.33 and its two-hundred day moving average is $48.73. The stock has a market capitalization of $51.30 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the business earned $2.62 earnings per share. The business's quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm 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 a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GM shares. UBS Group dropped their price objective on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Wedbush dropped their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Citigroup initiated coverage on shares of General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective on the stock. Four 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 company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.