General Motors (NYSE:GM) Shares Bought by Diversified Trust Co

Diversified Trust Co grew its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 24.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,820 shares of the auto manufacturer’s stock after purchasing an additional 9,407 shares during the quarter. Diversified Trust Co’s holdings in General Motors were worth $2,222,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. M&G Plc raised its stake in shares of General Motors by 4.8% during the second quarter. M&G Plc now owns 242,669 shares of the auto manufacturer’s stock valued at $11,163,000 after purchasing an additional 11,210 shares in the last quarter. Wedmont Private Capital raised its position in General Motors by 24.7% in the second quarter. Wedmont Private Capital now owns 8,174 shares of the auto manufacturer’s stock worth $401,000 after acquiring an additional 1,617 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in General Motors by 175.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,518 shares of the auto manufacturer’s stock valued at $674,000 after acquiring an additional 9,240 shares during the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of General Motors during the 2nd quarter valued at about $1,407,000. Finally, Artemis Investment Management LLP grew its stake in shares of General Motors by 11.2% in the 2nd quarter. Artemis Investment Management LLP now owns 235,088 shares of the auto manufacturer’s stock worth $10,922,000 after purchasing an additional 23,711 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of General Motors from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Mizuho upped their price objective on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Wedbush reissued an “outperform” rating and issued a $55.00 target price on shares of General Motors in a research report on Wednesday, July 24th. Morgan Stanley lowered shares of General Motors from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $46.00 to $47.00 in a research note on Wednesday, July 24th. Finally, Barclays increased their target price on General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.17.

General Motors Trading Up 0.8 %

General Motors stock traded up $0.35 during mid-day trading on Wednesday, hitting $43.67. The stock had a trading volume of 1,077,391 shares, compared to its average volume of 15,831,577. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. General Motors has a 12 month low of $26.30 and a 12 month high of $50.50. The stock has a market capitalization of $49.83 billion, a PE ratio of 5.30, a P/E/G ratio of 0.44 and a beta of 1.43. The stock has a 50-day simple moving average of $46.09 and a two-hundred day simple moving average of $43.68.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.39. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business had revenue of $47.97 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. General Motors’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that General Motors will post 9.94 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.10%. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

General Motors declared that its board has approved a stock repurchase plan on Tuesday, June 11th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 10.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 326,305 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the completion of the transaction, the chief executive officer now owns 898,648 shares in the company, valued at $43,431,657.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other General Motors news, CEO Mary T. Barra sold 626,316 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total value of $27,219,693.36. Following the completion of the transaction, the chief executive officer now directly owns 1,198,648 shares in the company, valued at $52,093,242.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 326,305 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the sale, the chief executive officer now directly owns 898,648 shares in the company, valued at $43,431,657.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,152,621 shares of company stock valued at $51,818,111. 0.72% of the stock is currently owned by company insiders.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.