First Heartland Consultants Inc. Invests $212,000 in General Motors (NYSE:GM)

First Heartland Consultants Inc. bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the first quarter, Holdings Channel.com reports. The firm bought 3,681 shares of the auto manufacturer’s stock, valued at approximately $212,000.

Several other hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of General Motors by 6.6% during the first quarter. Lindbrook Capital LLC now owns 2,808 shares of the auto manufacturer’s stock worth $161,000 after purchasing an additional 175 shares in the last quarter. Savant Capital LLC lifted its holdings in General Motors by 3.1% in the first quarter. Savant Capital LLC now owns 6,046 shares of the auto manufacturer’s stock valued at $347,000 after buying an additional 184 shares during the period. Gryphon Financial Partners LLC lifted its holdings in General Motors by 1.7% in the first quarter. Gryphon Financial Partners LLC now owns 10,783 shares of the auto manufacturer’s stock valued at $620,000 after buying an additional 184 shares during the period. First PREMIER Bank lifted its holdings in General Motors by 40.0% in the first quarter. First PREMIER Bank now owns 700 shares of the auto manufacturer’s stock valued at $40,000 after buying an additional 200 shares during the period. Finally, Carroll Financial Associates Inc. lifted its holdings in General Motors by 43.8% in the first quarter. Carroll Financial Associates Inc. now owns 657 shares of the auto manufacturer’s stock valued at $37,000 after buying an additional 200 shares during the period. Institutional investors own 80.93% of the company’s stock.

Several brokerages recently weighed in on GM. Barclays increased their price objective on shares of General Motors from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Tuesday, June 22nd. Argus increased their price objective on shares of General Motors from $62.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, May 18th. They noted that the move was a valuation call. Jefferies Financial Group increased their target price on shares of General Motors from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, March 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on shares of General Motors from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, June 4th. Finally, Evercore ISI increased their target price on shares of General Motors from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, April 14th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, one has given a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $67.64.

Shares of GM stock opened at $57.05 on Thursday. The stock’s fifty day moving average is $58.76. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 0.92. General Motors has a 12-month low of $24.44 and a 12-month high of $64.30. The company has a market capitalization of $82.76 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Wednesday, May 5th. The auto manufacturer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $1.28. General Motors had a net margin of 7.49% and a return on equity of 19.59%. The company had revenue of $32.47 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts predict that General Motors will post 6.62 earnings per share for the current fiscal year.

In related news, EVP Randall D. Mott sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $64.01, for a total value of $384,060.00. Following the completion of the transaction, the executive vice president now owns 122,113 shares of the company’s stock, valued at $7,816,453.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Matthew Tsien sold 192,986 shares of the firm’s stock in a transaction on Friday, June 11th. The shares were sold at an average price of $62.83, for a total transaction of $12,125,310.38. Following the completion of the transaction, the executive vice president now directly owns 237,520 shares of the company’s stock, valued at approximately $14,923,381.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,975 shares of company stock valued at $13,595,817. 0.40% of the stock is owned by insiders.

General Motors Company Profile

General Motors Co engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial.

See Also: What Does a Sell-Side Analyst Rating Mean?

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

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