BB&T Securities LLC raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 541,306 shares of the auto manufacturer’s stock after purchasing an additional 3,103 shares during the period. BB&T Securities LLC’s holdings in General Motors were worth $21,326,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp purchased a new position in shares of General Motors in the second quarter valued at about $123,000. Stelac Advisory Services LLC purchased a new position in shares of General Motors in the first quarter valued at about $119,000. Kaizen Advisory LLC lifted its position in shares of General Motors by 163.6% in the second quarter. Kaizen Advisory LLC now owns 3,298 shares of the auto manufacturer’s stock valued at $130,000 after acquiring an additional 2,047 shares in the last quarter. CWM LLC lifted its position in shares of General Motors by 108.4% in the second quarter. CWM LLC now owns 3,510 shares of the auto manufacturer’s stock valued at $138,000 after acquiring an additional 1,826 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of General Motors in the second quarter valued at about $169,000. 73.79% of the stock is owned by institutional investors and hedge funds.
Shares of GM stock opened at $34.38 on Friday. General Motors has a 1 year low of $34.38 and a 1 year high of $46.76. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.81. The company has a market cap of $50.86 billion, a price-to-earnings ratio of 5.19, a P/E/G ratio of 0.74 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The business had revenue of $36.80 billion for the quarter, compared to the consensus estimate of $36.62 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. equities research analysts anticipate that General Motors will post 5.95 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.42%. General Motors’s dividend payout ratio (DPR) is presently 22.96%.
A number of equities research analysts recently commented on GM shares. Citigroup decreased their target price on General Motors to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Piper Jaffray Companies set a $57.00 target price on General Motors and gave the stock an “overweight” rating in a research report on Tuesday, May 15th. Evercore ISI upgraded General Motors from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $47.00 to $50.00 in a research report on Thursday, May 31st. Morgan Stanley set a $48.00 target price on General Motors and gave the stock a “buy” rating in a research report on Thursday, May 24th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $58.00 target price on shares of General Motors in a research report on Friday, June 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. General Motors currently has an average rating of “Hold” and a consensus target price of $47.02.
General Motors Company Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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