National Planning Corp Has $871,000 Stake in General Motors Company (NYSE:GM)
National Planning Corp boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 61.8% during the second quarter, Holdings Channel reports. The institutional investor owned 24,486 shares of the auto manufacturer’s stock after buying an additional 9,356 shares during the period. National Planning Corp’s holdings in General Motors were worth $871,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in General Motors during the first quarter valued at about $103,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in General Motors during the first quarter valued at about $106,000. FNY Managed Accounts LLC purchased a new stake in General Motors during the first quarter valued at about $107,000. SRS Capital Advisors Inc. raised its stake in General Motors by 171.9% in the first quarter. SRS Capital Advisors Inc. now owns 5,160 shares of the auto manufacturer’s stock valued at $182,000 after buying an additional 3,262 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in General Motors by 0.8% in the first quarter. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer’s stock valued at $184,000 after buying an additional 42 shares in the last quarter. 76.02% of the stock is owned by institutional investors.
General Motors Company (NYSE:GM) opened at 34.93 on Friday. The stock’s 50 day moving average price is $35.37 and its 200-day moving average price is $35.14. The company has a market capitalization of $50.90 billion, a P/E ratio of 6.07 and a beta of 1.45. General Motors Company has a 52-week low of $30.13 and a 52-week high of $38.55.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $37.67 billion. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts predict that General Motors Company will post $6.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is currently 26.48%.
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Several research firms recently issued reports on GM. UBS AG reissued a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of General Motors in a report on Friday, April 14th. Zacks Investment Research raised shares of General Motors from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Vetr raised shares of General Motors to a “strong-buy” rating in a report on Friday, June 9th. BidaskClub lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Bank of America Corporation reissued a “buy” rating and issued a $40.00 target price (down from $44.00) on shares of General Motors in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. General Motors presently has an average rating of “Hold” and a consensus target price of $39.26.
In other General Motors news, President Daniel Ammann sold 40,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the transaction, the president now owns 235,953 shares of the company’s stock, valued at $8,494,308. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas S. Timko sold 17,255 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following 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 369,001 shares of company stock worth $12,827,204 in the last three months. 0.04% of the stock is currently owned by corporate insiders.
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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