Vanguard Group Inc. grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,571,908 shares of the auto manufacturer’s stock after acquiring an additional 717,703 shares during the quarter. Vanguard Group Inc. owned about 7.18% of General Motors worth $3,952,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. BlackRock Inc. grew its holdings in General Motors by 6.7% during the first quarter. BlackRock Inc. now owns 83,427,385 shares of the auto manufacturer’s stock worth $3,095,158,000 after buying an additional 5,215,771 shares in the last quarter. Northern Trust Corp grew its holdings in General Motors by 1.3% during the second quarter. Northern Trust Corp now owns 14,406,653 shares of the auto manufacturer’s stock worth $555,088,000 after buying an additional 184,349 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in General Motors by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 13,977,174 shares of the auto manufacturer’s stock worth $538,539,000 after buying an additional 99,948 shares in the last quarter. FMR LLC grew its holdings in General Motors by 83.3% during the first quarter. FMR LLC now owns 8,016,745 shares of the auto manufacturer’s stock worth $297,421,000 after buying an additional 3,643,659 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its holdings in General Motors by 30.7% during the first quarter. OppenheimerFunds Inc. now owns 7,612,200 shares of the auto manufacturer’s stock worth $282,413,000 after buying an additional 1,786,037 shares in the last quarter. Hedge funds and other institutional investors own 76.80% of the company’s stock.

In other news, President Mark L. Reuss sold 275,944 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $40.03, for a total transaction of $11,046,038.32. Following the transaction, the president now owns 479,413 shares of the company’s stock, valued at approximately $19,190,902.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew Tsien sold 16,933 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $39.50, for a total value of $668,853.50. Following the transaction, the executive vice president now directly owns 18,533 shares in the company, valued at approximately $732,053.50. The disclosure for this sale can be found here. Insiders have sold a total of 375,944 shares of company stock worth $14,996,038 in the last ninety days. Insiders own 0.51% of the company’s stock.

NYSE:GM traded down $0.24 during trading on Wednesday, reaching $38.05. The company’s stock had a trading volume of 225,381 shares, compared to its average volume of 6,029,940. The firm has a market cap of $55.48 billion, a price-to-earnings ratio of 5.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.83 and a current ratio of 0.96. The firm has a 50 day moving average of $38.25 and a 200-day moving average of $37.98. General Motors has a 12 month low of $30.56 and a 12 month high of $41.90.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.21. The firm had revenue of $36.06 billion during the quarter, compared to the consensus estimate of $36.03 billion. General Motors had a return on equity of 21.08% and a net margin of 6.31%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. Equities research analysts forecast that General Motors will post 6.8 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. General Motors’s dividend payout ratio (DPR) is presently 23.24%.

GM has been the subject of several recent research reports. Credit Suisse Group initiated coverage on General Motors in a report on Wednesday, June 26th. They set an “outperform” rating and a $48.00 price target for the company. Morgan Stanley set a $46.00 price target on General Motors and gave the stock a “buy” rating in a report on Monday, August 12th. Nomura set a $38.00 price target on General Motors and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their price target on General Motors to $52.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Finally, ValuEngine downgraded General Motors from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.58.

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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