Milestone Group Inc. trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,059 shares of the auto manufacturer’s stock after selling 278 shares during the period. Milestone Group Inc.’s holdings in General Motors were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Signet Investment Advisory Group Inc. purchased a new position in General Motors during the 4th quarter worth approximately $26,000. Cornerstone Advisors Inc. increased its holdings in shares of General Motors by 63.0% during the 4th quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 346 shares in the last quarter. NuWave Investment Management LLC increased its holdings in shares of General Motors by 198.6% during the 4th quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 588 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of General Motors during the 4th quarter valued at approximately $30,000. Finally, Advisors Preferred LLC purchased a new position in shares of General Motors during the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 85.02% of the company’s stock.
NYSE:GM traded down $0.01 on Friday, reaching $35.12. 5,262,500 shares of the company’s stock were exchanged, compared to its average volume of 9,394,095. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.81. The firm has a market capitalization of $52.66 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27. 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 quarterly earnings results on Tuesday, April 30th. The auto manufacturer reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.32. The company had revenue of $34.88 billion for the quarter, compared to analyst estimates of $35.56 billion. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 earnings per share. Analysts expect that General Motors will post 6.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, June 6th. General Motors’s dividend payout ratio is presently 23.24%.
Several equities analysts have recently weighed in on GM shares. Royal Bank of Canada lifted their target price on shares of General Motors from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 7th. Citigroup lifted their target price on shares of General Motors to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 8th. Seaport Global Securities started coverage on shares of General Motors in a research note on Wednesday, February 13th. They set a “buy” rating on the stock. Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price target on shares of General Motors in a report on Tuesday, March 26th. Finally, Zacks Investment Research lowered General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.60.
In related news, Director Wesley G. Bush acquired 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $38.58 per share, with a total value of $385,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dhivya Suryadevara sold 34,756 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 10,741 shares of the company’s stock, valued at $401,713.40. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
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General Motors 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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