Kovitz Investment Group Partners LLC boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,993,810 shares of the auto manufacturer’s stock after buying an additional 256,237 shares during the period. General Motors makes up approximately 3.7% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 6th largest position. Kovitz Investment Group Partners LLC’s holdings in General Motors were worth $69,644,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Skylands Capital LLC boosted its stake in shares of General Motors by 0.8% in the first quarter. Skylands Capital LLC now owns 865,100 shares of the auto manufacturer’s stock worth $30,590,000 after buying an additional 6,900 shares during the period. Atria Investments LLC boosted its stake in shares of General Motors by 33.6% in the first quarter. Atria Investments LLC now owns 87,888 shares of the auto manufacturer’s stock worth $3,108,000 after buying an additional 22,126 shares during the period. BKD Wealth Advisors LLC boosted its stake in shares of General Motors by 3.0% in the first quarter. BKD Wealth Advisors LLC now owns 69,521 shares of the auto manufacturer’s stock worth $2,458,000 after buying an additional 2,001 shares during the period. Visionary Asset Management Inc. boosted its stake in shares of General Motors by 3.5% in the first quarter. Visionary Asset Management Inc. now owns 97,708 shares of the auto manufacturer’s stock worth $3,455,000 after buying an additional 3,303 shares during the period. Finally, Alpha Windward LLC boosted its stake in shares of General Motors by 0.4% in the first quarter. Alpha Windward LLC now owns 5,417 shares of the auto manufacturer’s stock worth $192,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 76.02% of the company’s stock.

General Motors Company (NYSE:GM) opened at 35.28 on Thursday. The firm has a market capitalization of $51.41 billion, a P/E ratio of 6.13 and a beta of 1.45. The firm has a 50-day moving average price of $35.32 and a 200-day moving average price of $35.16. General Motors Company has a 52 week low of $30.13 and a 52 week high of $38.55. General Motors also was the target of some unusual options trading activity on Tuesday. Traders acquired 16,324 put options on the company. This is an increase of approximately 237% compared to the average volume of 4,840 put options.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 earnings per share. Equities analysts forecast that General Motors Company will post $6.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.31%. General Motors’s payout ratio is currently 26.48%.

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A number of brokerages have commented on GM. BidaskClub upgraded General Motors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a report on Monday, July 17th. Zacks Investment Research cut General Motors from a “hold” rating to a “strong sell” rating in a report on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $37.00 target price on shares of General Motors in a report on Friday, July 14th. Finally, ValuEngine upgraded General Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $39.26.

In related news, VP Thomas S. Timko sold 17,255 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $35.79, for a total value of $617,556.45. Following the sale, the vice president now owns 26,100 shares of the company’s stock, valued at $934,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karl-Thomas Neumann sold 234,274 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $34.77, for a total transaction of $8,145,706.98. Following the completion of the sale, the insider now directly owns 234,274 shares in the company, valued at approximately $8,145,706.98. The disclosure for this sale can be found here. In the last three months, insiders sold 369,001 shares of company stock worth $12,827,204. 0.04% of the stock is currently owned by 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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