Capital Advisors Inc. OK Increases Stake in General Motors (NYSE:GM)

Capital Advisors Inc. OK grew its stake in General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 650,879 shares of the auto manufacturer’s stock after buying an additional 32,550 shares during the period. Capital Advisors Inc. OK’s holdings in General Motors were worth $20,672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of General Motors by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 105,196,379 shares of the auto manufacturer’s stock valued at $4,601,291,000 after purchasing an additional 2,472,288 shares in the last quarter. State Street Corp boosted its position in shares of General Motors by 2.8% in the fourth quarter. State Street Corp now owns 59,828,001 shares of the auto manufacturer’s stock worth $3,507,716,000 after acquiring an additional 1,636,288 shares during the last quarter. Invesco Ltd. boosted its position in shares of General Motors by 2.3% in the first quarter. Invesco Ltd. now owns 34,352,469 shares of the auto manufacturer’s stock worth $1,502,578,000 after acquiring an additional 784,441 shares during the last quarter. Capital International Investors raised its holdings in General Motors by 66.8% in the first quarter. Capital International Investors now owns 22,826,087 shares of the auto manufacturer’s stock valued at $998,499,000 after buying an additional 9,143,601 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in General Motors by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 12,829,964 shares of the auto manufacturer’s stock valued at $561,331,000 after buying an additional 157,052 shares during the period. Institutional investors and hedge funds own 79.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on GM. Morgan Stanley decreased 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 report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. The Goldman Sachs Group cut their price objective on General Motors from $59.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, June 1st. Wolfe Research lifted their target price on General Motors from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Finally, Daiwa Capital Markets lowered their price target on General Motors to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $55.78.

General Motors Stock Down 5.0 %

Shares of NYSE GM traded down $1.86 during mid-day trading on Friday, reaching $35.52. 897,374 shares of the company’s stock were exchanged, compared to its average volume of 15,168,187. The firm has a market capitalization of $51.79 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.56 and a beta of 1.23. The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $37.90 and a 200 day simple moving average of $38.02. General Motors has a twelve month low of $30.33 and a twelve month high of $67.21.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last announced its earnings results 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). General Motors had a net margin of 6.66% and a return on equity of 13.82%. The firm had revenue of $35.76 billion during the quarter, compared to analyst estimates of $34.35 billion. During the same period in the prior year, the business posted $1.97 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts expect that General Motors will post 6.79 EPS for the current fiscal year.

General Motors Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. General Motors’s dividend payout ratio is currently 6.83%.

General Motors Company Profile

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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.

Further Reading

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

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