General Motors Company (GM) Holdings Reduced by Dai Ichi Life Insurance Company Ltd

Dai Ichi Life Insurance Company Ltd lowered its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 53.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,112 shares of the auto manufacturer’s stock after selling 116,857 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in General Motors were worth $3,602,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GM. Intrust Bank NA raised its stake in shares of General Motors by 0.3% during the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after buying an additional 25 shares during the last quarter. IFC Holdings Incorporated FL raised its stake in shares of General Motors by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after buying an additional 88 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of General Motors by 1.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 115 shares during the last quarter. Alpha Windward LLC raised its stake in shares of General Motors by 2.3% during the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock worth $194,000 after buying an additional 125 shares during the last quarter. Finally, Heritage Investors Management Corp raised its stake in shares of General Motors by 0.3% during the 2nd quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock worth $1,735,000 after buying an additional 130 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

In other General Motors news, Director Jane L. Mendillo purchased 1,440 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average cost of $34.86 per share, with a total value of $50,198.40. Following the completion of the transaction, the director now owns 4,560 shares of the company’s stock, valued at $158,961.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patricia F. Russo purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of $34.73 per share, for a total transaction of $347,300.00. Following the completion of the transaction, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $427,179. The disclosure for this purchase can be found here. Insiders have sold 330,673 shares of company stock worth $11,590,746 over the last three months. 0.04% of the stock is owned by insiders.

GM has been the subject of several research reports. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $37.00 price target on shares of General Motors in a research note on Friday, July 14th. Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $37.42 price target for the company. in a research note on Monday, July 17th. Finally, CLSA initiated coverage on General Motors in a research note on Wednesday, June 21st. They set a “hold” rating and a $37.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. General Motors has an average rating of “Buy” and a consensus price target of $38.97.

Shares of General Motors Company (GM) opened at 37.35 on Tuesday. The stock has a market cap of $54.43 billion, a PE ratio of 6.49 and a beta of 1.44. General Motors Company has a 12-month low of $30.21 and a 12-month high of $38.55. The firm has a 50-day moving average price of $35.68 and a 200 day moving average price of $35.02.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. Equities research analysts predict that General Motors Company will post $6.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.07%. The ex-dividend date is Thursday, September 7th. General Motors’s payout ratio is 26.48%.

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General Motors Company 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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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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