Dorsey & Whitney Trust CO LLC increased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,257 shares of the auto manufacturer’s stock after purchasing an additional 535 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in General Motors were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Captrust Financial Advisors purchased a new stake in General Motors in the second quarter worth $1,180,000. Norinchukin Bank The grew its stake in General Motors by 4.8% in the second quarter. Norinchukin Bank The now owns 165,947 shares of the auto manufacturer’s stock worth $5,797,000 after purchasing an additional 7,546 shares during the period. TIAA CREF Investment Management LLC grew its stake in General Motors by 6.2% in the second quarter. TIAA CREF Investment Management LLC now owns 4,784,297 shares of the auto manufacturer’s stock worth $167,115,000 after purchasing an additional 280,156 shares during the period. Teachers Advisors LLC grew its stake in General Motors by 60.6% in the second quarter. Teachers Advisors LLC now owns 3,453,268 shares of the auto manufacturer’s stock worth $120,623,000 after purchasing an additional 1,303,242 shares during the period. Finally, WBI Investments Inc. grew its stake in General Motors by 70.5% in the second quarter. WBI Investments Inc. now owns 48,607 shares of the auto manufacturer’s stock worth $1,698,000 after purchasing an additional 20,101 shares during the period. 72.21% of the stock is currently owned by institutional investors.

General Motors Company (GM) opened at 38.88 on Friday. The firm’s 50-day moving average price is $36.04 and its 200 day moving average price is $35.11. The stock has a market cap of $56.66 billion, a PE ratio of 6.76 and a beta of 1.44. General Motors Company has a 12-month low of $30.21 and a 12-month high of $39.18.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. Analysts anticipate that General Motors Company will post $6.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.91%. General Motors’s payout ratio is currently 26.48%.

Several equities research analysts recently weighed in on the company. Standpoint Research cut General Motors from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 price target on shares of General Motors in a research note on Tuesday. Buckingham Research reissued a “neutral” rating and issued a $33.00 target price on shares of General Motors in a research note on Friday, September 8th. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Finally, Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $38.97.

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In other news, Director Patricia F. Russo bought 10,000 shares of General Motors stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $34.73 per share, with a total value of $347,300.00. Following the completion of the acquisition, the director now directly owns 12,300 shares of the company’s stock, valued at $427,179. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Daniel Ammann sold 50,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total value of $1,900,000.00. Following the transaction, the president now directly owns 185,953 shares of the company’s stock, valued at approximately $7,066,214. The disclosure for this sale can be found here. Insiders have sold 614,947 shares of company stock valued at $22,402,528 in the last three months. Insiders own 0.04% of the company’s stock.

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

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