Wasatch Advisors Inc. Has $2.07 Million Position in General Motors (GM)
Wasatch Advisors Inc. decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,517 shares of the auto manufacturer’s stock after selling 15,503 shares during the quarter. Wasatch Advisors Inc.’s holdings in General Motors were worth $2,071,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its holdings in General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares during the period. Fieldpoint Private Securities LLC acquired a new position in General Motors in the 3rd quarter worth about $119,000. Ropes Wealth Advisors LLC raised its holdings in General Motors by 240.2% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after purchasing an additional 3,248 shares during the period. Fayez Sarofim & Co. acquired a new position in General Motors in the 3rd quarter worth about $202,000. Finally, Capital Investment Advisory Services LLC acquired a new position in General Motors in the 3rd quarter worth about $203,000. 73.02% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised General Motors from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Barclays reiterated a “buy” rating and set a $61.00 price objective on shares of General Motors in a research note on Tuesday, January 9th. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.10 price objective for the company. in a research note on Monday, January 1st. Evercore ISI boosted their price objective on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Finally, Royal Bank of Canada upgraded General Motors from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.07.
Shares of General Motors (NYSE GM) opened at $43.15 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market capitalization of $61,290.00, a P/E ratio of 9.34, a PEG ratio of 0.81 and a beta of 1.55. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business’s revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.72 earnings per share. sell-side analysts predict that General Motors will post 6.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Friday, December 8th were given a $0.38 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.52%. General Motors’s dividend payout ratio (DPR) is presently 32.90%.
General Motors 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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