Atalanta Sosnoff Capital LLC raised its stake in shares of General Motors Co. (NYSE:GM) by 68.1% during the second quarter, Holdings Channel reports. The fund owned 88,433 shares of the auto manufacturer’s stock after buying an additional 35,819 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in General Motors were worth $2,503,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mariner Wealth Advisors LLC raised its position in General Motors by 0.3% in the first quarter. Mariner Wealth Advisors LLC now owns 6,550 shares of the auto manufacturer’s stock valued at $206,000 after buying an additional 20 shares in the last quarter. Concorde Asset Management LLC raised its position in General Motors by 1.6% in the second quarter. Concorde Asset Management LLC now owns 10,082 shares of the auto manufacturer’s stock valued at $286,000 after buying an additional 162 shares in the last quarter. Trust Co. of Oklahoma raised its position in General Motors by 1.4% in the second quarter. Trust Co. of Oklahoma now owns 14,600 shares of the auto manufacturer’s stock valued at $413,000 after buying an additional 200 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in General Motors by 3.6% in the first quarter. Peapack Gladstone Financial Corp now owns 6,402 shares of the auto manufacturer’s stock valued at $201,000 after buying an additional 225 shares in the last quarter. Finally, V Wealth Management LLC raised its position in General Motors by 4.7% in the second quarter. V Wealth Management LLC now owns 7,941 shares of the auto manufacturer’s stock valued at $225,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

Shares of General Motors Co. (NYSE:GM) traded up 1.45% during trading on Wednesday, reaching $32.11. 14,468,725 shares of the company’s stock traded hands. The company’s 50-day moving average is $31.47 and its 200 day moving average is $30.81. General Motors Co. has a 52-week low of $26.69 and a 52-week high of $36.88. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 4.11 and a beta of 1.70.

General Motors (NYSE:GM) last posted its earnings results on Thursday, July 21st. The auto manufacturer reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The firm earned $42.40 billion during the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a net margin of 7.90% and a return on equity of 23.96%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. Equities analysts forecast that General Motors Co. will post $5.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.73%. General Motors’s payout ratio is 19.46%.

Several research analysts have recently weighed in on the stock. Vetr upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating and set a $33.75 price objective on the stock in a research note on Thursday, June 9th. Citigroup Inc. restated a “buy” rating and set a $50.00 price objective on shares of General Motors in a research note on Thursday, June 9th. Royal Bank Of Canada boosted their price objective on shares of General Motors from $32.00 to $34.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Seaport Global Securities started coverage on shares of General Motors in a research note on Tuesday, August 9th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 target price on shares of General Motors in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. General Motors presently has an average rating of “Hold” and an average price target of $35.62.

In other news, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $31.94, for a total value of $199,625.00. Following the completion of the transaction, the vice president now directly owns 27,477 shares in the company, valued at $877,615.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane L. Mendillo acquired 1,600 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $31.01 per share, with a total value of $49,616.00. Following the completion of the transaction, the director now directly owns 1,600 shares of the company’s stock, valued at approximately $49,616. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

About General Motors

General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).

5 Day Chart for NYSE:GM

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