Wealth Enhancement Advisory Services LLC Increases Stake in General Motors Company (NYSE:GM)

Wealth Enhancement Advisory Services LLC boosted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 107.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,554 shares of the auto manufacturer's stock after purchasing an additional 80,734 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in General Motors were worth $7,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC increased its position in shares of General Motors by 18.7% during the 4th 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 boosted its stake in General Motors by 18.7% in the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after buying an additional 223 shares in the last quarter. Bessemer Group Inc. grew its position in General Motors by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after acquiring an additional 226 shares during the last quarter. Norden Group LLC raised its stake in shares of 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 acquiring an additional 229 shares in the last quarter. Finally, Royal Capital Wealth Management LLC lifted its holdings in shares of General Motors by 5.3% in the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock worth $270,000 after acquiring an additional 255 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GM. Cowen started coverage on shares of General Motors in a report on Thursday, March 6th. They set a "buy" rating on the stock. TD Cowen initiated coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price objective on the stock. UBS Group lowered 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. Royal Bank Of Canada increased their target price on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research note on Monday, April 14th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $53.35.

General Motors Stock Up 1.1%

GM traded up $0.53 on Friday, hitting $49.69. The company had a trading volume of 10,695,310 shares, compared to its average volume of 12,766,446. The stock has a fifty day simple moving average of $48.05 and a 200-day simple moving average of $48.71. 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 firm has a market capitalization of $47.77 billion, a P/E ratio of 7.16, a P/E/G ratio of 1.34 and a beta of 1.34. 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 released its 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 return on equity of 14.30% and a net margin of 3.08%. The company had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter last year, the business posted $2.62 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were paid a dividend of $0.15 per share. This is an increase 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 1.21%. General Motors's dividend payout ratio (DPR) is currently 8.65%.

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.