Trust Co. of Oklahoma Has $515,000 Stake in General Motors Company (NYSE:GM)
Trust Co. of Oklahoma increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 31.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,750 shares of the auto manufacturer’s stock after buying an additional 3,550 shares during the period. Trust Co. of Oklahoma’s holdings in General Motors were worth $515,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in GM. RMB Capital Management LLC acquired a new stake in General Motors during the fourth quarter worth approximately $398,000. HighPoint Advisor Group LLC raised its stake in General Motors by 9.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 16,511 shares of the auto manufacturer’s stock worth $618,000 after buying an additional 1,374 shares in the last quarter. Pegasus Partners Ltd. raised its stake in General Motors by 2.6% in the fourth quarter. Pegasus Partners Ltd. now owns 21,531 shares of the auto manufacturer’s stock worth $750,000 after buying an additional 536 shares in the last quarter. Searle & CO. acquired a new stake in General Motors during the fourth quarter worth approximately $585,000. Finally, Macquarie Group Ltd. raised its stake in General Motors by 92.5% in the fourth quarter. Macquarie Group Ltd. now owns 76,600 shares of the auto manufacturer’s stock worth $2,669,000 after buying an additional 36,800 shares in the last quarter. 76.02% of the stock is currently owned by institutional investors.
General Motors Company (GM) traded up 0.09% on Monday, reaching $35.30. The company had a trading volume of 7,991,646 shares. The firm has a market capitalization of $51.44 billion, a price-to-earnings ratio of 6.14 and a beta of 1.45. General Motors Company has a one year low of $29.91 and a one year high of $38.55. The company’s 50 day moving average is $35.21 and its 200-day moving average is $35.22.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. During the same quarter last year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that General Motors Company will post $6.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 4.31%. General Motors’s dividend payout ratio (DPR) is 26.48%.
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A number of research analysts recently issued reports on GM shares. UBS AG reiterated a “buy” rating and set a $40.00 price objective (up from $38.00) on shares of General Motors in a report on Friday, April 14th. Nomura reiterated a “buy” rating and set a $47.00 price objective on shares of General Motors in a report on Tuesday, May 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of General Motors in a report on Wednesday, May 3rd. Buckingham Research reiterated a “neutral” rating on shares of General Motors in a report on Friday, June 2nd. Finally, Vetr upgraded General Motors to a “strong-buy” rating in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $39.38.
In related news, Director Patricia F. Russo purchased 10,000 shares of General Motors stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $34.73 per share, with a total value of $347,300.00. Following the purchase, the director now owns 12,300 shares of the company’s stock, valued at $427,179. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas S. Timko sold 17,255 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $35.79, for a total transaction of $617,556.45. Following the completion of the sale, the vice president now directly owns 26,100 shares in the company, valued at $934,119. The disclosure for this sale can be found here. Insiders have sold 369,001 shares of company stock worth $12,827,204 over the last 90 days. 0.04% of the stock is currently owned by company insiders.
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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