General Motors (NYSE:GM) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,623 shares of the auto manufacturer’s stock after purchasing an additional 1,083 shares during the period. Crossmark Global Holdings Inc.’s holdings in General Motors were worth $6,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. purchased a new stake in shares of General Motors during the first quarter worth about $25,000. Fortitude Family Office LLC increased its holdings in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in General Motors by 75.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 359 shares during the last quarter. Montag A & Associates Inc. acquired a new position in shares of General Motors in the 1st quarter valued at approximately $30,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of General Motors during the 1st quarter valued at approximately $32,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 35,142 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $46.34, for a total transaction of $1,628,480.28. Following the transaction, the president now owns 126,907 shares in the company, valued at $5,880,870.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Mark L. Reuss sold 35,142 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $46.34, for a total transaction of $1,628,480.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at $5,880,870.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary T. Barra sold 326,305 shares of General Motors stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total value of $15,770,320.65. Following the transaction, the chief executive officer now directly owns 898,648 shares in the company, valued at $43,431,657.84. The disclosure for this sale can be found here. In the last three months, insiders sold 391,402 shares of company stock valued at $18,818,536. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GM. UBS Group upped their price target on shares of General Motors from $61.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Bank of America reiterated a “buy” rating and issued a $75.00 price target on shares of General Motors in a research note on Wednesday, June 12th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their target price on General Motors from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Wednesday, July 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $55.00 price target on shares of General Motors in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $55.17.

General Motors Stock Performance

Shares of NYSE GM traded up $0.28 during midday trading on Friday, hitting $49.75. 15,734,303 shares of the company’s stock were exchanged, compared to its average volume of 15,498,768. General Motors has a twelve month low of $26.30 and a twelve month high of $50.50. The firm has a market cap of $56.76 billion, a P/E ratio of 6.09, a PEG ratio of 0.44 and a beta of 1.43. The stock’s 50 day moving average price is $46.04 and its 200-day moving average price is $44.34. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.99.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The company had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the business posted $1.91 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that General Motors will post 9.94 EPS for the current year.

General Motors declared that its board has initiated a stock buyback plan on Tuesday, June 11th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, September 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. General Motors’s dividend payout ratio (DPR) is 5.87%.

General Motors Company 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.