Aberdeen Asset Management PLC UK lifted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 22.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 636,741 shares of the auto manufacturer’s stock after acquiring an additional 117,262 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in General Motors were worth $22,241,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Suntrust Banks Inc. boosted its holdings in shares of General Motors by 29.5% in the 1st quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock worth $8,008,000 after acquiring an additional 51,539 shares in the last quarter. Swiss National Bank boosted its holdings in shares of General Motors by 1.2% in the 2nd quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after acquiring an additional 56,500 shares in the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of General Motors by 9.9% in the 1st quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock worth $354,000 after acquiring an additional 900 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of General Motors by 0.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock worth $28,839,000 after acquiring an additional 3,298 shares in the last quarter. Finally, Asset Management Advisors LLC boosted its holdings in shares of General Motors by 2.1% in the 1st quarter. Asset Management Advisors LLC now owns 133,194 shares of the auto manufacturer’s stock worth $4,710,000 after acquiring an additional 2,760 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on GM shares. Buckingham Research restated a “neutral” rating on shares of General Motors in a research report on Friday, June 2nd. Vetr upgraded shares of General Motors to a “strong-buy” rating in a research report on Friday, June 9th. Berenberg Bank restated a “sell” rating and issued a $31.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Wolfe Research started coverage on shares of General Motors in a research report on Tuesday, June 13th. They issued a “market perform” rating and a $33.00 price objective for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $36.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.97.
Shares of General Motors Company (GM) opened at 37.00 on Monday. General Motors Company has a 52-week low of $30.13 and a 52-week high of $38.55. The company has a 50 day moving average of $35.69 and a 200-day moving average of $35.08. The company has a market cap of $53.92 billion, a PE ratio of 6.43 and a beta of 1.44.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. During the same quarter last year, the firm earned $1.86 earnings per share. General Motors’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts forecast that General Motors Company will post $6.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio is presently 26.48%.
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In other news, Director Patricia F. Russo bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of $34.73 per share, with a total value of $347,300.00. Following the completion of the purchase, the director now directly owns 12,300 shares of the company’s stock, valued at $427,179. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas S. Timko sold 17,255 shares of General Motors stock in a transaction on Friday, July 28th. The stock was sold at an average price of $35.79, for a total transaction of $617,556.45. Following the transaction, the vice president now directly owns 26,100 shares of the company’s stock, valued at approximately $934,119. The disclosure for this sale can be found here. Insiders have sold 330,673 shares of company stock valued at $11,590,746 in the last three months. 0.04% of the stock is owned by insiders.
General Motors Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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