Capital Advisors Inc. OK Raises Stake in General Motors Company (GM)
Capital Advisors Inc. OK raised its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 468,361 shares of the auto manufacturer’s stock after buying an additional 3,801 shares during the period. General Motors makes up about 1.0% of Capital Advisors Inc. OK’s holdings, making the stock its 19th largest position. Capital Advisors Inc. OK’s holdings in General Motors were worth $16,360,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in General Motors by 3.2% in the first quarter. Vanguard Group Inc. now owns 89,853,324 shares of the auto manufacturer’s stock valued at $3,177,214,000 after buying an additional 2,744,821 shares during the last quarter. State Street Corp raised its stake in General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock valued at $2,136,563,000 after buying an additional 2,252,866 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in General Motors by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 14,508,664 shares of the auto manufacturer’s stock valued at $513,021,000 after buying an additional 284,693 shares during the last quarter. Geode Capital Management LLC raised its stake in General Motors by 9.9% in the first quarter. Geode Capital Management LLC now owns 14,071,387 shares of the auto manufacturer’s stock valued at $496,891,000 after buying an additional 1,266,564 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in General Motors by 2.0% in the second quarter. Legal & General Group Plc now owns 7,772,671 shares of the auto manufacturer’s stock valued at $271,505,000 after buying an additional 154,230 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Shares of General Motors Company (NYSE:GM) opened at 37.36 on Friday. General Motors Company has a 52 week low of $30.13 and a 52 week high of $38.55. The stock has a market capitalization of $54.44 billion, a P/E ratio of 6.50 and a beta of 1.44. The company has a 50-day moving average of $35.62 and a 200-day moving average of $35.08. General Motors also saw unusually large options trading on Thursday. Traders bought 18,419 call options on the company. This is an increase of 188% compared to the typical daily volume of 6,405 call options.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 EPS. On average, analysts anticipate that General Motors Company will post $6.13 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.07%. General Motors’s payout ratio is presently 26.48%.
Several analysts have recently issued reports on GM shares. BidaskClub lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Berenberg Bank set a $31.00 target price on shares of General Motors and gave the stock a “sell” rating in a research note on Monday, August 14th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 target price for the company in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $37.00 target price on shares of General Motors in a research note on Friday, July 14th. Finally, Buckingham Research restated a “neutral” rating on shares of General Motors in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. General Motors currently has a consensus rating of “Buy” and a consensus target price of $39.26.
In other General Motors news, Director Patricia F. Russo acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of $34.73 per share, with a total value of $347,300.00. Following the transaction, the director now directly owns 12,300 shares of the company’s stock, valued at approximately $427,179. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas S. Timko sold 17,255 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $35.79, for a total value of $617,556.45. Following the completion of the transaction, the vice president now directly owns 26,100 shares in the company, valued at approximately $934,119. The disclosure for this sale can be found here. Insiders have sold a total of 330,673 shares of company stock worth $11,590,746 in the last 90 days. 0.04% of the stock is currently owned by insiders.
About General Motors
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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