UBS Oconnor LLC increased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.5% during the first quarter, Holdings Channel reports. The fund owned 1,140,611 shares of the auto manufacturer’s stock after buying an additional 69,799 shares during the period. General Motors makes up 1.0% of UBS Oconnor LLC’s holdings, making the stock its 19th largest position. UBS Oconnor LLC’s holdings in General Motors were worth $40,332,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GM. Vanguard Group Inc. increased its stake in General Motors by 3.2% in the first quarter. Vanguard Group Inc. now owns 89,853,324 shares of the auto manufacturer’s stock valued at $3,177,214,000 after buying an additional 2,744,821 shares in the last quarter. State Street Corp increased its position in shares of General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock worth $2,136,563,000 after buying an additional 2,252,866 shares during the period. Dimensional Fund Advisors LP increased its position in shares of General Motors by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 14,508,664 shares of the auto manufacturer’s stock worth $513,021,000 after buying an additional 284,693 shares during the period. Geode Capital Management LLC increased its position in shares of General Motors by 9.9% in the first quarter. Geode Capital Management LLC now owns 14,071,387 shares of the auto manufacturer’s stock worth $496,891,000 after buying an additional 1,266,564 shares during the period. Finally, Legal & General Group Plc increased its position in shares of General Motors by 3.3% in the first quarter. Legal & General Group Plc now owns 7,618,441 shares of the auto manufacturer’s stock worth $269,387,000 after buying an additional 246,770 shares during the period. Institutional investors own 73.50% of the company’s stock.

Shares of General Motors Company (GM) opened at 36.41 on Friday. The stock has a market capitalization of $54.95 billion, a PE ratio of 5.63 and a beta of 1.45. The firm has a 50 day moving average price of $34.91 and a 200 day moving average price of $35.29. General Motors Company has a one year low of $29.82 and a one year high of $38.55.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Friday, April 28th. The auto manufacturer reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.25. The firm had revenue of $41.20 billion during the quarter, compared to analyst estimates of $37.38 billion. General Motors had a return on equity of 22.82% and a net margin of 5.92%. General Motors’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. Analysts predict that General Motors Company will post $6.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, June 7th. General Motors’s dividend payout ratio (DPR) is 23.53%.

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Several analysts have recently weighed in on the stock. Tigress Financial reiterated a “strong-buy” rating on shares of General Motors in a research note on Thursday, March 30th. Evercore ISI restated an “in-line” rating and set a $40.00 price target on shares of General Motors in a research note on Thursday, March 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $36.00 target price on shares of General Motors in a research note on Friday, April 7th. UBS AG reiterated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of General Motors in a research note on Friday, April 14th. Finally, Nomura reiterated a “buy” rating and issued a $47.00 target price on shares of General Motors in a research note on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. General Motors has a consensus rating of “Buy” and a consensus target price of $39.50.

In other news, Director Jane L. Mendillo bought 1,520 shares of General Motors stock in a transaction dated Friday, May 26th. The stock was acquired at an average cost of $32.92 per share, with a total value of $50,038.40. Following the acquisition, the director now owns 3,120 shares of the company’s stock, valued at $102,710.40. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John J. Quattrone sold 15,000 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the sale, the insider now directly owns 42,623 shares of the company’s stock, valued at $1,491,805. The disclosure for this sale can be found here. Insiders have sold a total of 139,158 shares of company stock valued at $4,643,312 over the last ninety days. 0.04% of the stock is owned by company insiders.

General Motors Company Profile

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.

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

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