Grandview Asset Management LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 9,967 shares of the auto manufacturer’s stock, valued at approximately $333,000.
A number of other institutional investors have also recently added to or reduced their stakes in GM. Bredin Investment LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $298,000. Unison Advisors LLC raised its holdings in shares of General Motors by 1.1% in the fourth quarter. Unison Advisors LLC now owns 36,119 shares of the auto manufacturer’s stock valued at $1,208,000 after purchasing an additional 396 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $208,000. Chicago Equity Partners LLC raised its holdings in shares of General Motors by 161.3% in the fourth quarter. Chicago Equity Partners LLC now owns 125,160 shares of the auto manufacturer’s stock valued at $4,187,000 after purchasing an additional 77,265 shares during the last quarter. Finally, Bridgeworth LLC raised its holdings in shares of General Motors by 12.2% in the fourth quarter. Bridgeworth LLC now owns 13,842 shares of the auto manufacturer’s stock valued at $360,000 after purchasing an additional 1,509 shares during the last quarter. 77.74% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of General Motors to $67.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada lifted their price objective on shares of General Motors from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday. Goldman Sachs Group set a $38.00 price objective on shares of General Motors and gave the company a “hold” rating in a report on Monday, January 14th. Barclays reiterated a “buy” rating and issued a $49.00 price objective on shares of General Motors in a report on Monday, January 14th. Finally, BMO Capital Markets lifted their price objective on shares of General Motors from $41.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 14th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.97.
Shares of GM opened at $38.48 on Monday. The firm has a market cap of $54.23 billion, a P/E ratio of 5.88, a PEG ratio of 0.72 and a beta of 1.26. General Motors has a 1-year low of $30.56 and a 1-year high of $45.00. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.80 and a current ratio of 0.92.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.22. The business had revenue of $38.40 billion for the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 earnings per share. On average, analysts predict that General Motors will post 6.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.95%. General Motors’s payout ratio is 23.24%.
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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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