Wilsey Asset Management Inc. boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 418,688 shares of the auto manufacturer’s stock after acquiring an additional 14,100 shares during the period. General Motors comprises 5.4% of Wilsey Asset Management Inc.’s portfolio, making the stock its 10th largest holding. Wilsey Asset Management Inc.’s holdings in General Motors were worth $12,389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citizens Financial Group Inc RI grew its holdings in shares of General Motors by 758.0% during the second quarter. Citizens Financial Group Inc RI now owns 1,287 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 1,137 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of General Motors by 29.8% during the second quarter. Global Wealth Management Investment Advisory Inc. now owns 1,633 shares of the auto manufacturer’s stock worth $41,000 after buying an additional 375 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of General Motors by 714.6% during the second quarter. Larson Financial Group LLC now owns 1,678 shares of the auto manufacturer’s stock worth $42,000 after buying an additional 1,472 shares in the last quarter. CX Institutional grew its holdings in shares of General Motors by 377.0% during the second quarter. CX Institutional now owns 1,951 shares of the auto manufacturer’s stock worth $49,000 after buying an additional 1,542 shares in the last quarter. Finally, RMR Wealth Builders purchased a new stake in shares of General Motors during the second quarter worth about $54,000. Institutional investors own 77.17% of the company’s stock.

Shares of NYSE GM traded up $0.86 during trading on Friday, reaching $33.45. 11,956,111 shares of the stock were exchanged, compared to its average volume of 15,208,248. The business’s 50-day moving average price is $30.62 and its 200 day moving average price is $26.53. General Motors has a twelve month low of $14.32 and a twelve month high of $38.96. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $47.87 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.30 and a beta of 1.45.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Wednesday, July 29th. The auto manufacturer reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($1.72) by $1.22. General Motors had a net margin of 1.46% and a return on equity of 6.27%. The business had revenue of $16.80 billion for the quarter, compared to analysts’ expectations of $16.93 billion. During the same period in the previous year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was down 53.4% compared to the same quarter last year. As a group, sell-side analysts expect that General Motors will post 2.51 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Motors from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Goldman Sachs Group boosted their target price on shares of General Motors from $36.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday. ValuEngine downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, July 30th. Royal Bank of Canada boosted their target price on shares of General Motors from $39.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. Finally, Jefferies Financial Group assumed coverage on shares of General Motors in a report on Thursday, August 13th. They issued a “hold” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.38.

About General Motors

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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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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