NTV Asset Management LLC bought a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,037 shares of the auto manufacturer’s stock, valued at approximately $203,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its stake in shares of General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after buying an additional 860 shares during the period. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of General Motors during the first quarter worth $106,000. FNY Managed Accounts LLC acquired a new stake in shares of General Motors during the first quarter worth $107,000. State of Alaska Department of Revenue grew its stake in shares of General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 310 shares during the period. Finally, Ffcm LLC grew its stake in shares of General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 3,213 shares during the period. 74.51% of the stock is owned by institutional investors.
GM has been the subject of a number of analyst reports. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective for the company. in a research note on Monday, July 17th. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut General Motors from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. Royal Bank Of Canada lifted their price objective on General Motors from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 26th. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.61.
General Motors Company (GM) traded down $0.56 during trading hours on Tuesday, hitting $43.01. The company had a trading volume of 5,048,436 shares, compared to its average volume of 13,453,168. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $61,890.00, a P/E ratio of 6.89, a P/E/G ratio of 0.74 and a beta of 1.56. General Motors Company has a twelve month low of $31.92 and a twelve month high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. The business had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.72 earnings per share. research analysts anticipate that General Motors Company will post 6.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is presently 32.90%.
In other news, President Daniel Ammann sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total value of $1,900,000.00. Following the transaction, the president now owns 185,953 shares of the company’s stock, valued at $7,066,214. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of $34.86 per share, for a total transaction of $50,198.40. Following the transaction, the director now directly owns 4,560 shares of the company’s stock, valued at approximately $158,961.60. The disclosure for this purchase can be found here. In the last three months, insiders have sold 971,122 shares of company stock worth $40,627,952. Company insiders own 0.04% of the company’s stock.
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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