General Motors (NYSE:GM) Shares Bought by Cetera Advisors LLC

Cetera Advisors LLC boosted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,354 shares of the auto manufacturer’s stock after buying an additional 2,177 shares during the quarter. Cetera Advisors LLC’s holdings in General Motors were worth $1,325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Signet Financial Management LLC increased its holdings in shares of General Motors by 0.9% in the 2nd quarter. Signet Financial Management LLC now owns 28,556 shares of the auto manufacturer’s stock valued at $1,101,000 after purchasing an additional 266 shares in the last quarter. AFS Financial Group LLC grew its stake in General Motors by 2.3% in the 2nd quarter. AFS Financial Group LLC now owns 11,740 shares of the auto manufacturer’s stock valued at $453,000 after acquiring an additional 268 shares during the last quarter. Rothschild Investment Corp IL grew its stake in General Motors by 0.4% in the 2nd quarter. Rothschild Investment Corp IL now owns 67,950 shares of the auto manufacturer’s stock valued at $2,620,000 after acquiring an additional 268 shares during the last quarter. Weik Capital Management grew its stake in General Motors by 3.1% in the 1st quarter. Weik Capital Management now owns 9,075 shares of the auto manufacturer’s stock valued at $397,000 after acquiring an additional 275 shares during the last quarter. Finally, RFG Advisory LLC grew its stake in General Motors by 5.4% in the 4th quarter. RFG Advisory LLC now owns 5,520 shares of the auto manufacturer’s stock valued at $227,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

General Motors Trading Up 1.7 %

NYSE GM opened at $28.52 on Tuesday. General Motors has a one year low of $26.30 and a one year high of $43.63. The company’s 50 day moving average price is $30.27 and its 200 day moving average price is $33.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.14. The firm has a market capitalization of $39.06 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 0.40 and a beta of 1.48.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $2.28 EPS for the quarter, beating the consensus estimate of $1.87 by $0.41. General Motors had a net margin of 5.83% and a return on equity of 16.01%. The firm had revenue of $44.13 billion for the quarter, compared to analyst estimates of $42.48 billion. During the same quarter last year, the firm posted $2.25 earnings per share. General Motors’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that General Motors will post 7.1 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Friday, December 1st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.36 annualized dividend and a yield of 1.26%. General Motors’s payout ratio is 5.06%.

Wall Street Analyst Weigh In

GM has been the topic of a number of research reports. Barclays raised shares of General Motors from an “equal weight” rating to an “overweight” rating and set a $37.00 price objective on the stock in a research note on Wednesday, November 1st. StockNews.com began coverage on shares of General Motors in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Tigress Financial reaffirmed a “strong-buy” rating and set a $86.00 price target on shares of General Motors in a research note on Friday, July 28th. Wells Fargo & Company decreased their price target on shares of General Motors from $33.00 to $29.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 3rd. Finally, Royal Bank of Canada raised their price target on shares of General Motors from $47.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.67.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.