General Motors Company (GM) Shares Bought by Ativo Capital Management LLC
Ativo Capital Management LLC raised its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 387.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,244 shares of the auto manufacturer’s stock after buying an additional 37,544 shares during the period. Ativo Capital Management LLC’s holdings in General Motors were worth $1,671,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of GM. State of Alaska Department of Revenue purchased a new position in General Motors during the first quarter valued at about $103,000. SRS Capital Advisors Inc. increased its position in General Motors by 171.9% in the first quarter. SRS Capital Advisors Inc. now owns 5,160 shares of the auto manufacturer’s stock valued at $182,000 after buying an additional 3,262 shares in the last quarter. North Star Investment Management Corp. increased its position in General Motors by 0.8% in the first quarter. North Star Investment Management Corp. now owns 5,215 shares of the auto manufacturer’s stock valued at $184,000 after buying an additional 42 shares in the last quarter. Alpha Windward LLC increased its position in General Motors by 0.4% in the first quarter. Alpha Windward LLC now owns 5,417 shares of the auto manufacturer’s stock valued at $192,000 after buying an additional 21 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of General Motors during the fourth quarter valued at approximately $197,000. 76.04% of the stock is owned by hedge funds and other institutional investors.
Shares of General Motors Company (NYSE:GM) traded down 0.14% during trading on Thursday, reaching $34.77. The company’s stock had a trading volume of 10,367,239 shares. The company has a 50 day moving average of $35.21 and a 200-day moving average of $35.22. General Motors Company has a 12-month low of $29.91 and a 12-month high of $38.55. The stock has a market cap of $50.67 billion, a price-to-earnings ratio of 5.46 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 earnings per share. 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 issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
Several analysts recently commented on the company. 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 price target 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 issued a $37.00 target price on shares of General Motors in a report on Friday, July 14th. Finally, ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.38.
In other news, insider Charles K. Stevens III sold 16,000 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $35.80, for a total transaction of $572,800.00. Following the completion of the sale, the insider now owns 77,052 shares in the company, valued at $2,758,461.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jane L. Mendillo bought 1,520 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $32.92 per share, with a total value of $50,038.40. Following the purchase, the director now directly owns 3,120 shares of the company’s stock, valued at approximately $102,710.40. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 137,413 shares of company stock worth $4,772,418. Corporate insiders own 0.04% of the company’s stock.
About General Motors
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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