General Motors Company (GM) Position Cut by TIAA CREF Trust Co. FSB MO

TIAA CREF Trust Co. FSB MO lowered its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.4% during the first quarter, Holdings Channel reports. The firm owned 66,744 shares of the auto manufacturer’s stock after selling 7,758 shares during the period. TIAA CREF Trust Co. FSB MO’s holdings in General Motors Company were worth $2,360,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GM. Advisors Asset Management Inc. raised its stake in shares of General Motors Company by 5.6% in the third quarter. Advisors Asset Management Inc. now owns 113,971 shares of the auto manufacturer’s stock worth $3,621,000 after buying an additional 6,094 shares during the period. Strategy Asset Managers LLC acquired a new stake in shares of General Motors Company during the third quarter worth $222,000. Kornitzer Capital Management Inc. KS raised its stake in shares of General Motors Company by 11.9% in the third quarter. Kornitzer Capital Management Inc. KS now owns 80,361 shares of the auto manufacturer’s stock worth $2,553,000 after buying an additional 8,565 shares during the period. Quantbot Technologies LP raised its stake in shares of General Motors Company by 3,202.1% in the third quarter. Quantbot Technologies LP now owns 63,665 shares of the auto manufacturer’s stock worth $2,022,000 after buying an additional 61,737 shares during the period. Finally, Evermay Wealth Management LLC raised its stake in shares of General Motors Company by 3.0% in the third quarter. Evermay Wealth Management LLC now owns 10,221 shares of the auto manufacturer’s stock worth $325,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 71.57% of the company’s stock.

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

Shares of General Motors Company (NYSE:GM) traded up 1.02% during trading on Friday, hitting $32.80. The company had a trading volume of 5,689,685 shares. The stock has a market cap of $49.50 billion, a PE ratio of 5.07 and a beta of 1.32. The firm has a 50 day moving average of $33.92 and a 200 day moving average of $35.24. General Motors Company has a 12-month low of $27.34 and a 12-month high of $38.55.

General Motors Company (NYSE:GM) last posted its quarterly earnings results on Friday, April 28th. The auto manufacturer reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.25. The company had revenue of $41.20 billion for the quarter, compared to the consensus estimate of $37.38 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 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 EPS. On average, analysts forecast that General Motors Company will post $6.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Wednesday, June 7th. General Motors Company’s dividend payout ratio (DPR) is currently 25.33%.

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GM has been the subject of several research reports. Jefferies Group LLC set a $36.00 target price on General Motors Company and gave the stock a “hold” rating in a research report on Thursday, January 19th. Zacks Investment Research upgraded General Motors Company from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Monday, January 23rd. Vetr upgraded General Motors Company from a “sell” rating to a “hold” rating and set a $36.41 target price for the company in a research report on Monday, January 23rd. Morgan Stanley lifted their target price on General Motors Company from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. Finally, Barclays PLC reiterated a “neutral” rating on shares of General Motors Company in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.82.

In related news, insider Stefan Jacoby sold 2,686 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $33.85, for a total value of $90,921.10. Following the completion of the sale, the insider now owns 80,379 shares in the company, valued at approximately $2,720,829.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark L. Reuss sold 75,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $33.35, for a total transaction of $2,501,250.00. Following the completion of the sale, the insider now owns 133,052 shares of the company’s stock, valued at approximately $4,437,284.20. The disclosure for this sale can be found here. In the last three months, insiders sold 82,791 shares of company stock worth $2,772,913. 0.04% of the stock is currently 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

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM) (TSE:GMM.U).

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