Global Thematic Partners LLC decreased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 58.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 751,735 shares of the auto manufacturer’s stock after selling 1,073,218 shares during the period. Global Thematic Partners LLC owned about 0.05% of General Motors worth $26,258,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of GM. Marshall Wace LLP bought a new stake in shares of General Motors during the second quarter valued at $18,792,000. Marshall Wace North America L.P. bought a new stake in shares of General Motors during the second quarter valued at $2,510,000. Annex Advisory Services LLC boosted its stake in shares of General Motors by 17.3% in the second quarter. Annex Advisory Services LLC now owns 23,273 shares of the auto manufacturer’s stock valued at $813,000 after buying an additional 3,431 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of General Motors by 25.3% in the second quarter. Blair William & Co. IL now owns 130,558 shares of the auto manufacturer’s stock valued at $4,560,000 after buying an additional 26,350 shares during the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in shares of General Motors by 1.9% in the second quarter. Chartwell Investment Partners LLC now owns 130,025 shares of the auto manufacturer’s stock valued at $4,542,000 after buying an additional 2,400 shares during the last quarter. 75.56% of the stock is currently owned by institutional investors.
Shares of General Motors Company (NYSE:GM) traded down 0.49% during mid-day trading on Friday, hitting $34.83. The company had a trading volume of 7,193,463 shares. The firm has a market capitalization of $50.75 billion, a price-to-earnings ratio of 6.06 and a beta of 1.45. The firm has a 50-day moving average price of $35.49 and a 200 day moving average price of $35.08. General Motors Company has a 52-week low of $30.13 and a 52-week high of $38.55.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. During the same quarter last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that General Motors Company will post $6.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.36%. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
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Several equities research analysts have weighed in on the company. BidaskClub raised General Motors from a “hold” rating to a “buy” rating in a research note on Thursday. Berenberg Bank set a $31.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised General Motors from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective on the stock. in a research note on Monday, July 31st. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.26.
In other General Motors news, Director Jane L. Mendillo purchased 1,520 shares of the company’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $32.92 per share, for a total transaction of $50,038.40. Following the completion of the purchase, the director now directly owns 3,120 shares in the company, valued at approximately $102,710.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Alan S. Batey sold 8,144 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $35.57, for a total transaction of $289,682.08. Following the completion of the transaction, the insider now owns 66,748 shares of the company’s stock, valued at approximately $2,374,226.36. The disclosure for this sale can be found here. Insiders sold a total of 377,145 shares of company stock valued at $13,116,886 in the last quarter. 0.04% of the stock is owned by insiders.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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