Diversified Trust Co Trims Stake in General Motors (NYSE:GM)

Diversified Trust Co lowered its position in General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,106 shares of the auto manufacturer’s stock after selling 691 shares during the quarter. Diversified Trust Co’s holdings in General Motors were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GM. Tyler Stone Wealth Management acquired a new stake in General Motors during the 4th quarter worth $34,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of General Motors during the first quarter worth $26,000. SJS Investment Consulting Inc. grew its position in General Motors by 220.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 602 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 414 shares during the last quarter. Penserra Capital Management LLC raised its position in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 283 shares during the last quarter. Finally, IronBridge Private Wealth LLC acquired a new stake in shares of General Motors in the 4th quarter worth $38,000. 79.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of General Motors from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Wells Fargo & Company cut their price target on shares of General Motors from $33.00 to $29.00 and set an “underweight” rating for the company in a report on Monday, July 11th. Daiwa Capital Markets reduced their price objective on shares of General Motors to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Bank of America lowered their target price on shares of General Motors from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, September 9th. Finally, The Goldman Sachs Group reduced their price target on shares of General Motors from $59.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, June 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $55.78.

General Motors Stock Performance

Shares of NYSE:GM opened at $37.68 on Thursday. The firm has a market capitalization of $54.94 billion, a PE ratio of 7.15, a P/E/G ratio of 0.62 and a beta of 1.23. General Motors has a 12 month low of $30.33 and a 12 month high of $67.21. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.15 and a quick ratio of 0.93. The business has a 50-day moving average of $37.79 and a two-hundred day moving average of $38.04.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 26th. The auto manufacturer reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.25). The firm had revenue of $35.76 billion for the quarter, compared to analysts’ expectations of $34.35 billion. General Motors had a net margin of 6.66% and a return on equity of 13.82%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.97 EPS. As a group, research analysts forecast that General Motors will post 6.79 earnings per share for the current year.

General Motors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Tuesday, August 30th. General Motors’s payout ratio is currently 6.83%.

About General Motors

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General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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

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