Teacher Retirement System of Texas boosted its position in shares of General Motors Co. (NYSE:GM) (TSE:GMM.U) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 389,116 shares of the auto manufacturer’s stock after buying an additional 11,504 shares during the period. Teacher Retirement System of Texas’ holdings in General Motors were worth $12,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GM. Vanguard Group Inc. raised its stake in General Motors by 0.4% in the second quarter. Vanguard Group Inc. now owns 86,210,502 shares of the auto manufacturer’s stock worth $2,439,758,000 after buying an additional 332,564 shares in the last quarter. Capital World Investors increased its position in shares of General Motors by 2.3% in the second quarter. Capital World Investors now owns 22,673,792 shares of the auto manufacturer’s stock worth $641,668,000 after buying an additional 505,600 shares in the last quarter. Janus Capital Management LLC increased its position in shares of General Motors by 38.3% in the second quarter. Janus Capital Management LLC now owns 21,555,499 shares of the auto manufacturer’s stock worth $610,020,000 after buying an additional 5,969,449 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of General Motors by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 13,008,573 shares of the auto manufacturer’s stock worth $413,283,000 after buying an additional 273,428 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of General Motors by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,708,089 shares of the auto manufacturer’s stock worth $359,632,000 after buying an additional 395,933 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

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

Shares of General Motors Co. (NYSE:GM) traded up 1.160% on Tuesday, reaching $34.445. The company had a trading volume of 5,123,037 shares. The company’s 50-day moving average price is $32.29 and its 200-day moving average price is $31.18. General Motors Co. has a 52-week low of $26.69 and a 52-week high of $36.52. The firm has a market capitalization of $52.51 billion, a price-to-earnings ratio of 3.933 and a beta of 1.42.

General Motors (NYSE:GM) last posted its earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.28. The business had revenue of $42.80 billion for the quarter, compared to analyst estimates of $39.11 billion. General Motors had a return on equity of 23.22% and a net margin of 8.58%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 EPS. On average, analysts predict that General Motors Co. will post $6.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Monday, December 5th. General Motors’s payout ratio is presently 17.41%.

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A number of equities analysts have recently weighed in on GM shares. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $29.00 to $37.00 in a report on Monday, September 19th. Vetr upgraded General Motors from a “hold” rating to a “buy” rating and set a $32.86 target price on the stock in a report on Wednesday, October 26th. Bank of America Corp. downgraded General Motors from a “buy” rating to a “neutral” rating and upped their target price for the company from $26.69 to $31.60 in a report on Wednesday, October 26th. Jefferies Group started coverage on General Motors in a report on Tuesday, August 9th. They issued a “hold” rating and a $33.00 target price on the stock. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $66.00 target price on shares of General Motors in a report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $36.06.

General Motors Company Profile

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

5 Day Chart for NYSE:GM

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