General Motors (NYSE:GM) Shares Sold by TLW Wealth Management LLC

TLW Wealth Management LLC reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 143,134 shares of the auto manufacturer’s stock after selling 1,250 shares during the quarter. General Motors makes up 5.7% of TLW Wealth Management LLC’s portfolio, making the stock its 7th largest position. TLW Wealth Management LLC’s holdings in General Motors were worth $5,515,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GM. Geode Capital Management LLC raised its stake in shares of General Motors by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 16,309,521 shares of the auto manufacturer’s stock worth $544,715,000 after buying an additional 1,217,986 shares during the period. Hollencrest Capital Management raised its stake in shares of General Motors by 2.0% in the first quarter. Hollencrest Capital Management now owns 25,295 shares of the auto manufacturer’s stock worth $939,000 after buying an additional 496 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of General Motors by 2.9% in the first quarter. Foundations Investment Advisors LLC now owns 20,328 shares of the auto manufacturer’s stock worth $754,000 after buying an additional 575 shares during the period. Legacy Advisors LLC bought a new position in shares of General Motors in the first quarter worth about $82,000. Finally, Bell Rock Capital LLC raised its stake in shares of General Motors by 28.9% in the first quarter. Bell Rock Capital LLC now owns 13,691 shares of the auto manufacturer’s stock worth $508,000 after buying an additional 3,072 shares during the period. Hedge funds and other institutional investors own 76.62% of the company’s stock.

Shares of NYSE:GM traded down $0.14 during trading on Tuesday, hitting $38.87. 326,621 shares of the company’s stock were exchanged, compared to its average volume of 7,592,855. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.83 and a current ratio of 0.96. General Motors has a 52-week low of $30.56 and a 52-week high of $41.90. The firm has a 50-day moving average of $38.87. The firm has a market capitalization of $55.33 billion, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.21. General Motors had a return on equity of 21.08% and a net margin of 6.31%. The firm had revenue of $36.06 billion during the quarter, compared to analysts’ expectations of $36.03 billion. During the same quarter last year, the business posted $1.81 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Research analysts expect that General Motors will post 6.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, September 5th. General Motors’s dividend payout ratio is currently 23.24%.

Several research firms have recently commented on GM. ValuEngine raised General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Credit Suisse Group began coverage on General Motors in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $48.00 price objective on the stock. Nomura set a $42.00 price objective on General Motors and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Royal Bank of Canada raised their price objective on General Motors to $52.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.58.

General Motors Company Profile

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

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