Obermeyer Wood Investment Counsel Lllp acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,350 shares of the auto manufacturer’s stock, valued at approximately $206,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Next Capital Management LLC purchased a new stake in shares of General Motors in the second quarter worth $25,000. Trust Co. of Vermont lifted its position in General Motors by 101.2% in the second quarter. Trust Co. of Vermont now owns 666 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 335 shares during the last quarter. Advisors Preferred LLC acquired a new position in General Motors in the second quarter valued at about $26,000. Webster Bank N. A. lifted its position in General Motors by 253.5% in the second quarter. Webster Bank N. A. now owns 700 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 502 shares during the last quarter. Finally, Bremer Bank National Association acquired a new position in General Motors in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.
In other news, EVP Matthew Tsien sold 16,933 shares of the 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 completion of the sale, the executive vice president now directly owns 18,533 shares of the company’s stock, valued at $732,053.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Mark L. Reuss sold 275,944 shares of the 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 completion of the sale, the president now directly owns 479,413 shares of the company’s stock, valued at $19,190,902.39. The disclosure for this sale can be found here. Insiders sold 375,944 shares of company stock worth $14,996,038 over the last quarter. Insiders own 0.51% of the company’s stock.
NYSE:GM traded down $0.39 during mid-day trading on Thursday, hitting $39.07. The stock had a trading volume of 6,981,370 shares, compared to its average volume of 8,639,932. The stock has a 50-day simple moving average of $38.48 and a two-hundred day simple moving average of $38.02. The company has a market capitalization of $56.51 billion, a PE ratio of 5.97, a PEG ratio of 0.65 and a beta of 1.42. General Motors has a twelve month low of $30.56 and a twelve month high of $41.90. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.21. The company had revenue of $36.06 billion during the quarter, compared to analyst estimates of $36.03 billion. General Motors had a net margin of 6.31% and a return on equity of 21.08%. General Motors’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 EPS. Sell-side analysts predict that General Motors will post 6.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, September 5th. General Motors’s dividend payout ratio (DPR) is 23.24%.
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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