Tealwood Asset Management Inc. boosted its stake in General Motors Co. (NYSE:GM) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,055 shares of the auto manufacturer’s stock after buying an additional 1,575 shares during the period. General Motors makes up approximately 1.6% of Tealwood Asset Management Inc.’s portfolio, making the stock its 23rd largest position. Tealwood Asset Management Inc.’s holdings in General Motors were worth $3,567,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of General Motors by 0.6% in the first quarter. State Street Corp now owns 57,087,337 shares of the auto manufacturer’s stock worth $1,794,252,000 after buying an additional 351,497 shares in the last quarter. Geode Capital Management LLC raised its position in shares of General Motors by 4.7% in the first quarter. Geode Capital Management LLC now owns 12,181,917 shares of the auto manufacturer’s stock worth $382,150,000 after buying an additional 542,835 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of General Motors by 126.9% in the second quarter. Artemis Investment Management LLP now owns 6,464,090 shares of the auto manufacturer’s stock worth $182,903,000 after buying an additional 3,615,099 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of General Motors by 7.8% in the first quarter. UBS Asset Management Americas Inc. now owns 5,940,070 shares of the auto manufacturer’s stock worth $186,698,000 after buying an additional 429,288 shares in the last quarter. Finally, Prudential PLC raised its position in shares of General Motors by 4.1% in the first quarter. Prudential PLC now owns 5,380,724 shares of the auto manufacturer’s stock worth $169,116,000 after buying an additional 213,849 shares in the last quarter. Institutional investors and hedge funds own 70.40% of the company’s stock.
Shares of General Motors Co. (NYSE:GM) traded up 1.14% during trading on Friday, reaching $31.87. The company’s stock had a trading volume of 11,105,111 shares. The company has a market cap of $49.78 billion, a PE ratio of 4.08 and a beta of 1.65. The stock’s 50 day moving average price is $31.75 and its 200 day moving average price is $30.89. General Motors Co. has a 52 week low of $26.69 and a 52 week high of $36.88.
General Motors (NYSE:GM) last released its quarterly earnings data on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.35. General Motors had a return on equity of 23.96% and a net margin of 7.90%. The business had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter in the previous year, the business posted $1.29 EPS. General Motors’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that General Motors Co. will post $5.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Wednesday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 19.46%.
GM has been the subject of several research reports. Vetr upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating and set a $35.06 price objective for the company in a research report on Monday, September 12th. Robert W. Baird restated a “neutral” rating and set a $25.00 price objective on shares of General Motors in a research report on Monday, June 20th. Citigroup Inc. restated a “buy” rating and set a $50.00 price objective on shares of General Motors in a research report on Thursday, July 21st. Goldman Sachs Group Inc. lowered shares of General Motors to a “neutral” rating and reduced their price objective for the company from $37.00 to $29.00 in a research report on Thursday, October 6th. Finally, Zacks Investment Research lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. General Motors currently has an average rating of “Hold” and an average price target of $36.67.
In other General Motors news, Director Jane L. Mendillo acquired 1,600 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average price of $31.01 per share, for a total transaction of $49,616.00. Following the acquisition, the director now directly owns 1,600 shares of the company’s stock, valued at approximately $49,616. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas S. Timko sold 6,250 shares of General Motors stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $31.94, for a total value of $199,625.00. Following the transaction, the vice president now owns 27,477 shares in the company, valued at approximately $877,615.38. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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