General Motors Company (NYSE:GM) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,914 shares of the auto manufacturer’s stock after selling 2,584 shares during the quarter. Private Advisor Group LLC’s holdings in General Motors were worth $2,206,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Measured Risk Portfolios Inc. acquired a new stake in General Motors in the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in General Motors in the fourth quarter worth about $34,000. Ossiam acquired a new stake in General Motors in the fourth quarter worth about $44,000. North Capital Inc. acquired a new stake in General Motors in the first quarter worth about $40,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in General Motors in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GM shares. Piper Sandler reaffirmed a “neutral” rating and issued a $48.00 price objective (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Citigroup boosted their price target on shares of General Motors from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research report on Monday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Barclays boosted their price target on shares of General Motors from $45.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.35.

General Motors Price Performance

Shares of GM opened at $52.39 on Friday. The company has a market capitalization of $49.88 billion, a price-to-earnings ratio of 8.32, a P/E/G ratio of 1.41 and a beta of 1.32. General Motors Company has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.04. The business’s 50-day moving average is $50.17 and its 200-day moving average is $48.72.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.15%. General Motors’s payout ratio is 8.65%.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.