Wedbush Securities Inc. increased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 52,598 shares of the auto manufacturer’s stock after buying an additional 5,851 shares during the period. Wedbush Securities Inc.’s holdings in General Motors were worth $1,837,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Ledyard National Bank raised its position in shares of General Motors by 1,413.0% in the first quarter. Ledyard National Bank now owns 9,078 shares of the auto manufacturer’s stock worth $321,000 after buying an additional 8,478 shares during the period. 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 worth $11,789,000 after buying an additional 39,598 shares during the period. NewSquare Capital LLC raised its position in shares of General Motors by 15.6% in the first quarter. NewSquare Capital LLC now owns 29,053 shares of the auto manufacturer’s stock worth $1,027,000 after buying an additional 3,929 shares during the period. DnB Asset Management AS raised its position in shares of General Motors by 6.4% in the first quarter. DnB Asset Management AS now owns 144,016 shares of the auto manufacturer’s stock worth $5,092,000 after buying an additional 8,700 shares during the period. Finally, Telemus Capital LLC raised its position in shares of General Motors by 1.3% in the first quarter. Telemus Capital LLC now owns 8,193 shares of the auto manufacturer’s stock worth $290,000 after buying an additional 102 shares during the period. Institutional investors own 76.02% of the company’s stock.

General Motors Company (GM) opened at 34.93 on Friday. The stock has a market cap of $50.90 billion, a PE 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. The company has a 50-day moving average price of $35.37 and a 200-day moving average price of $35.14.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.35%. General Motors’s dividend payout ratio is currently 26.48%.

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A number of brokerages have recently commented on GM. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 price target on the stock. in a report on Monday, July 17th. Zacks Investment Research lowered General Motors from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and set a $37.00 price target on shares of General Motors in a report on Friday, July 14th. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.26.

In other news, VP Thomas S. Timko sold 17,255 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.79, for a total transaction of $617,556.45. Following the completion of the transaction, the vice president now directly owns 26,100 shares of the company’s stock, valued at $934,119. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane L. Mendillo acquired 1,520 shares of General Motors stock in a transaction dated Friday, May 26th. The shares were purchased at an average cost of $32.92 per share, with a total value of $50,038.40. Following the completion of the transaction, the director now directly owns 3,120 shares of the company’s stock, valued at $102,710.40. The disclosure for this purchase can be found here. Insiders have sold 369,001 shares of company stock valued at $12,827,204 over the last ninety days. 0.04% of the stock is owned by insiders.

About General Motors

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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