Dreman Value Management L L C Has $661,000 Holdings in General Motors Company (GM)
Dreman Value Management L L C maintained its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,697 shares of the auto manufacturer’s stock at the close of the 2nd quarter. Dreman Value Management L L C’s holdings in General Motors were worth $661,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in GM. YorkBridge Wealth Partners LLC raised its stake in shares of General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after acquiring an additional 860 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of General Motors in the first quarter valued at $106,000. FNY Managed Accounts LLC acquired a new stake in shares of General Motors in the first quarter valued at $107,000. State of Alaska Department of Revenue raised its stake in shares of General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after acquiring an additional 310 shares in the last quarter. Finally, Ffcm LLC raised its stake in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after acquiring an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.
In other news, VP Thomas S. Timko sold 17,255 shares of General Motors stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $35.79, for a total transaction of $617,556.45. Following the sale, the vice president now directly owns 26,100 shares in the company, valued at approximately $934,119. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $34.86 per share, for a total transaction of $50,198.40. Following the completion of the transaction, the director now owns 4,560 shares in the company, valued at approximately $158,961.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 852,901 shares of company stock worth $32,378,733. 0.04% of the stock is owned by company insiders.
Shares of General Motors Company (NYSE GM) traded up 2.21% during midday trading on Friday, hitting $45.88. 13,932,071 shares of the stock were exchanged. The firm has a market cap of $66.86 billion, a P/E ratio of 7.98 and a beta of 1.45. The stock’s 50 day moving average is $39.94 and its 200 day moving average is $35.91. General Motors Company has a 12-month low of $30.21 and a 12-month high of $46.11.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. On average, equities research analysts forecast that General Motors Company will post $6.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.31%. General Motors’s dividend payout ratio (DPR) is currently 26.48%.
Several brokerages have recently issued reports on GM. Barclays PLC upgraded General Motors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $55.00 in a research note on Friday. Berenberg Bank set a $31.00 price target on General Motors and gave the company a “sell” rating in a research note on Monday, August 14th. Morgan Stanley restated an “overweight” rating and issued a $43.00 price target on shares of General Motors in a research note on Wednesday, October 4th. UBS AG restated a “buy” rating and issued a $50.00 price target (up from $39.00) on shares of General Motors in a research note on Wednesday. Finally, Citigroup Inc. restated a “buy” rating and issued a $53.00 price target on shares of General Motors in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. General Motors currently has a consensus rating of “Buy” and an average price target of $42.50.
General Motors 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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