General Motors (NYSE:GM) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC raised its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,428 shares of the auto manufacturer’s stock after purchasing an additional 1,940 shares during the quarter. Mutual of America Capital Management LLC’s holdings in General Motors were worth $6,439,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of GM. Reliance Trust Co. of Delaware raised its holdings in shares of General Motors by 17.5% in the 2nd quarter. Reliance Trust Co. of Delaware now owns 9,679 shares of the auto manufacturer’s stock valued at $382,000 after buying an additional 1,439 shares during the period. BKD Wealth Advisors LLC grew its stake in General Motors by 1.9% during the 1st quarter. BKD Wealth Advisors LLC now owns 78,623 shares of the auto manufacturer’s stock worth $2,857,000 after purchasing an additional 1,445 shares in the last quarter. Wayne Hummer Investments L.L.C. grew its stake in General Motors by 4.3% during the 1st quarter. Wayne Hummer Investments L.L.C. now owns 36,652 shares of the auto manufacturer’s stock worth $1,332,000 after purchasing an additional 1,526 shares in the last quarter. Princeton Capital Management LLC grew its stake in General Motors by 25.2% during the 1st quarter. Princeton Capital Management LLC now owns 7,652 shares of the auto manufacturer’s stock worth $278,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Stellar Capital Management LLC grew its stake in General Motors by 3.1% during the 2nd quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock worth $2,067,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.
Several research analysts recently commented on GM shares. Morgan Stanley set a $48.00 target price on General Motors and gave the stock a “buy” rating in a research note on Thursday, May 24th. Evercore ISI raised General Motors from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $47.00 to $50.00 in a research note on Thursday, May 31st. ValuEngine raised General Motors from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $58.00 target price on shares of General Motors in a research note on Friday, June 1st. Finally, Bank of America reaffirmed a “buy” rating and set a $60.00 price objective on shares of General Motors in a research report on Friday, June 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. General Motors presently has a consensus rating of “Hold” and a consensus target price of $47.26.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.03. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The business had revenue of $36.80 billion for the quarter, compared to analysts’ expectations of $36.62 billion. During the same quarter last year, the firm earned $1.89 earnings per share. The business’s revenue was down .5% on a year-over-year basis. equities analysts forecast that General Motors will post 5.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.52 dividend on an annualized basis and a yield of 4.39%. General Motors’s payout ratio is currently 22.96%.
General Motors Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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