Accident Compensation Corp raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 94.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,886 shares of the auto manufacturer’s stock after purchasing an additional 40,221 shares during the quarter. Accident Compensation Corp’s holdings in General Motors were worth $3,075,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc grew its stake in General Motors by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after purchasing an additional 2,699,178 shares in the last quarter. BlackRock Inc. grew its stake in General Motors by 6.7% during the 1st quarter. BlackRock Inc. now owns 83,427,385 shares of the auto manufacturer’s stock valued at $3,095,158,000 after purchasing an additional 5,215,771 shares in the last quarter. Harris Associates L P grew its stake in General Motors by 4.2% during the 4th quarter. Harris Associates L P now owns 62,412,310 shares of the auto manufacturer’s stock valued at $2,087,691,000 after purchasing an additional 2,510,439 shares in the last quarter. Greenhaven Associates Inc. acquired a new stake in General Motors during the 1st quarter valued at approximately $754,274,000. Finally, Geode Capital Management LLC grew its stake in General Motors by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 16,309,521 shares of the auto manufacturer’s stock valued at $544,715,000 after purchasing an additional 1,217,986 shares in the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.
Several research analysts have recently commented on the company. Zacks Investment Research lowered General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price on shares of General Motors in a research report on Tuesday, March 26th. ValuEngine lowered General Motors from a “hold” rating to a “sell” rating in a research report on Saturday, June 1st. Finally, Nomura set a $42.00 target price on General Motors and gave the stock a “hold” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.43.
In related news, Director Wesley G. Bush purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $38.58 per share, with a total value of $385,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dhivya Suryadevara sold 34,756 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $37.40, for a total value of $1,299,874.40. Following the completion of the sale, the chief financial officer now directly owns 10,741 shares in the company, valued at approximately $401,713.40. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.
Shares of GM opened at $35.66 on Monday. The company has a market capitalization of $50.58 billion, a PE ratio of 5.45, a PEG ratio of 0.60 and a beta of 1.34. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.65. General Motors has a 52 week low of $30.56 and a 52 week high of $45.00.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 30th. The auto manufacturer reported $1.41 EPS for the quarter, topping the consensus estimate of $1.09 by $0.32. The company had revenue of $34.88 billion during the quarter, compared to analyst estimates of $35.56 billion. General Motors had a return on equity of 22.67% and a net margin of 6.26%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. Equities analysts expect that General Motors will post 6.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, June 6th. General Motors’s dividend payout ratio (DPR) is 23.24%.
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General Motors Company Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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