General Motors Company (GM) Stake Boosted by Denali Advisors LLC

Denali Advisors LLC increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 427,800 shares of the auto manufacturer’s stock after buying an additional 72,120 shares during the period. General Motors Company makes up 2.2% of Denali Advisors LLC’s portfolio, making the stock its 8th largest position. Denali Advisors LLC’s holdings in General Motors Company were worth $15,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Butensky & Cohen Financial Security Inc. increased its position in shares of General Motors Company by 5.1% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 56,578 shares of the auto manufacturer’s stock worth $1,797,000 after buying an additional 2,770 shares during the last quarter. Hutchens Investment Management Inc increased its position in shares of General Motors Company by 18.2% in the third quarter. Hutchens Investment Management Inc now owns 82,783 shares of the auto manufacturer’s stock worth $2,630,000 after buying an additional 12,775 shares during the last quarter. Beech Hill Advisors Inc. increased its position in shares of General Motors Company by 41.1% in the third quarter. Beech Hill Advisors Inc. now owns 109,775 shares of the auto manufacturer’s stock worth $3,488,000 after buying an additional 31,950 shares during the last quarter. Parkwood LLC increased its position in shares of General Motors Company by 1.0% in the third quarter. Parkwood LLC now owns 181,572 shares of the auto manufacturer’s stock worth $5,769,000 after buying an additional 1,862 shares during the last quarter. Finally, Oakbrook Investments LLC increased its position in shares of General Motors Company by 38.8% in the third quarter. Oakbrook Investments LLC now owns 135,340 shares of the auto manufacturer’s stock worth $4,300,000 after buying an additional 37,800 shares during the last quarter. 71.57% of the stock is owned by institutional investors and hedge funds.

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

Shares of General Motors Company (NYSE:GM) opened at 34.10 on Friday. The firm has a 50-day moving average of $35.36 and a 200 day moving average of $34.97. The firm has a market capitalization of $51.08 billion, a P/E ratio of 5.68 and a beta of 1.32. General Motors Company has a 52 week low of $27.34 and a 52 week high of $38.55.

General Motors Company (NYSE:GM) last posted its quarterly earnings results on Tuesday, February 7th. The auto manufacturer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.11. The business had revenue of $43.90 billion for the quarter, compared to analysts’ expectations of $40.97 billion. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 earnings per share. On average, equities research analysts expect that General Motors Company will post $6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Wednesday, March 8th. General Motors Company’s dividend payout ratio is 25.33%.

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GM has been the subject of a number of analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $49.00 price target on shares of General Motors Company in a report on Saturday, January 14th. Vetr raised shares of General Motors Company from a “hold” rating to a “buy” rating and set a $36.53 price target for the company in a report on Monday, January 2nd. Zacks Investment Research downgraded shares of General Motors Company from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Berenberg Bank set a $31.00 price objective on shares of General Motors Company and gave the stock a “sell” rating in a research note on Thursday, March 16th. Finally, Tigress Financial reissued a “strong-buy” rating on shares of General Motors Company in a research note on Thursday, March 30th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. General Motors Company has an average rating of “Hold” and a consensus price target of $38.15.

In related news, insider Stefan Jacoby sold 2,670 shares of the firm’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $33.85, for a total value of $90,379.50. Following the transaction, the insider now owns 83,065 shares in the company, valued at $2,811,750.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Karl-Thomas Neumann sold 1,379 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $35.38, for a total value of $48,789.02. Following the completion of the transaction, the executive vice president now owns 15,755 shares in the company, valued at approximately $557,411.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,942 shares of company stock worth $1,419,117. 0.04% of the stock is owned by company insiders.

About General Motors Company

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.

5 Day Chart for NYSE:GM

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