General Motors Company (GM) Shares Bought by Park National Corp OH
Park National Corp OH grew its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 706,335 shares of the auto manufacturer’s stock after purchasing an additional 2,786 shares during the period. General Motors makes up about 1.6% of Park National Corp OH’s holdings, making the stock its 18th largest position. Park National Corp OH’s holdings in General Motors were worth $28,522,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. W. E. Donoghue & Co. LLC purchased a new stake in shares of General Motors during the 2nd quarter worth $16,341,000. Intl Fcstone Inc. purchased a new stake in shares of General Motors during the 2nd quarter worth $259,000. Paradigm Financial Advisors LLC boosted its position in shares of General Motors by 11.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer’s stock worth $261,000 after purchasing an additional 755 shares in the last quarter. WFG Advisors LP boosted its position in shares of General Motors by 1,275.5% during the 2nd quarter. WFG Advisors LP now owns 11,884 shares of the auto manufacturer’s stock worth $415,000 after purchasing an additional 11,020 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of General Motors by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 17,425 shares of the auto manufacturer’s stock worth $602,000 after purchasing an additional 1,176 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.
Several equities research analysts have commented on the stock. BidaskClub lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 target price on the stock in a research report on Monday, July 24th. Morgan Stanley assumed coverage on shares of General Motors in a research report on Wednesday, June 28th. They set an “overweight” rating and a $40.00 target price on the stock. Piper Jaffray Companies set a $44.00 target price on shares of General Motors and gave the stock a “buy” rating in a research report on Monday. Finally, CLSA assumed coverage on shares of General Motors in a research report on Wednesday, June 21st. They set a “hold” rating and a $37.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $42.50.
General Motors Company (NYSE GM) traded down 0.7885% on Tuesday, hitting $45.3992. 6,197,967 shares of the stock were exchanged. The company’s 50-day moving average is $40.07 and its 200-day moving average is $35.92. The company has a market cap of $66.16 billion, a PE ratio of 7.8928 and a beta of 1.44. General Motors Company has a 52 week low of $30.21 and a 52 week high of $46.11.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. During the same period last year, the company posted $1.86 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that General Motors Company will post $6.14 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.32%. General Motors’s payout ratio is presently 26.48%.
In other news, Director Jane L. Mendillo purchased 1,440 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was bought at an average cost of $34.86 per share, with a total value of $50,198.40. Following the purchase, the director now directly owns 4,560 shares of the company’s stock, valued at $158,961.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 852,901 shares of company stock valued at $32,378,733 over the last 90 days. Corporate insiders own 0.04% of the company’s stock.
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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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