State of Alaska Department of Revenue increased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,249 shares of the auto manufacturer’s stock after buying an additional 310 shares during the period. State of Alaska Department of Revenue’s holdings in General Motors were worth $113,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFC Holdings Incorporated FL raised its position in shares of General Motors by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock valued at $1,141,000 after buying an additional 14,559 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of General Motors by 29.5% in the first quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock valued at $8,008,000 after buying an additional 51,539 shares in the last quarter. Mosaic Family Wealth LLC raised its position in shares of General Motors by 9.9% in the first quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock valued at $354,000 after buying an additional 900 shares in the last quarter. Granite Investment Advisors LLC raised its position in shares of General Motors by 13.5% in the first quarter. Granite Investment Advisors LLC now owns 333,395 shares of the auto manufacturer’s stock valued at $11,789,000 after buying an additional 39,598 shares in the last quarter. Finally, Asset Management Advisors LLC raised its position in shares of General Motors by 2.1% in the first quarter. Asset Management Advisors LLC now owns 133,194 shares of the auto manufacturer’s stock valued at $4,710,000 after buying an additional 2,760 shares in the last quarter. 76.02% of the stock is owned by institutional investors and hedge funds.

General Motors Company (NYSE GM) traded up 0.14% during trading on Friday, reaching $34.93. The company’s stock had a trading volume of 6,821,396 shares. The firm has a market cap of $50.90 billion, a PE ratio of 6.07 and a beta of 1.45. The company has a 50-day moving average of $35.37 and a 200 day moving average of $35.14. General Motors Company has a one year low of $30.13 and a one year high of $38.55.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that General Motors Company will post $6.14 EPS for the current fiscal year.

The firm also recently announced 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 dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s dividend payout ratio is 26.48%.

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GM has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “hold” rating and issued a $37.00 price objective on shares of General Motors in a research report on Friday, July 14th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, June 21st. Jefferies Group LLC reissued a “buy” rating and issued a $36.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $44.00 price objective on shares of General Motors in a research report on Wednesday, July 12th. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. General Motors currently 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 firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $36.00, for a total transaction of $1,440,000.00. Following the completion of the transaction, the president now owns 235,953 shares of the company’s stock, valued at $8,494,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karl-Thomas Neumann sold 46,472 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $32.84, for a total transaction of $1,526,140.48. The disclosure for this sale can be found here. Insiders have sold 369,001 shares of company stock valued at $12,827,204 in the last ninety days. Insiders own 0.04% of the company’s stock.

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

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