Schafer Cullen Capital Management Inc. held its position in General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,785 shares of the auto manufacturer’s stock at the close of the 2nd quarter. Schafer Cullen Capital Management Inc.’s holdings in General Motors were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Greenwood Gearhart Inc. raised its stake in General Motors by 1.1% in the second quarter. Greenwood Gearhart Inc. now owns 180,182 shares of the auto manufacturer’s stock valued at $6,294,000 after buying an additional 2,047 shares during the last quarter. Sterneck Capital Management LLC raised its stake in General Motors by 66.4% in the second quarter. Sterneck Capital Management LLC now owns 98,052 shares of the auto manufacturer’s stock valued at $3,425,000 after buying an additional 39,113 shares during the last quarter. Koch Industries Inc. purchased a new stake in General Motors in the second quarter valued at about $209,000. Westwood Holdings Group Inc. raised its stake in General Motors by 99.6% in the second quarter. Westwood Holdings Group Inc. now owns 17,665 shares of the auto manufacturer’s stock valued at $617,000 after buying an additional 8,815 shares during the last quarter. Finally, Stellar Capital Management LLC raised its stake in General Motors by 1.8% in the second quarter. Stellar Capital Management LLC now owns 47,139 shares of the auto manufacturer’s stock valued at $1,647,000 after buying an additional 814 shares during the last quarter. Institutional investors own 72.22% of the company’s stock.

Shares of General Motors Company (GM) traded up 2.21% during mid-day trading on Friday, reaching $45.88. The company’s stock had a trading volume of 13,932,071 shares. General Motors Company has a 1-year low of $30.21 and a 1-year high of $46.11. The company has a market capitalization of $66.86 billion, a price-to-earnings ratio of 7.98 and a beta of 1.45. The company’s 50 day moving average price is $40.07 and its 200-day moving average price is $35.91.

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 business had revenue of $36.98 billion for 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%. The company’s 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 predict 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 was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.

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In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the stock in a transaction on Friday, October 6th. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas S. Timko sold 17,255 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $35.79, for a total value of $617,556.45. Following the sale, the vice president now owns 26,100 shares in the company, valued at approximately $934,119. The disclosure for this sale can be found here. In the last quarter, insiders have sold 852,901 shares of company stock worth $32,378,733. 0.04% of the stock is owned by insiders.

Several research analysts have recently issued reports on GM shares. Piper Jaffray Companies restated a “buy” rating and issued a $44.00 price objective on shares of General Motors in a research note on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and issued a $37.00 price objective on shares of General Motors in a research note on Friday, July 14th. Buckingham Research restated a “neutral” rating and issued a $33.00 price objective on shares of General Motors in a research note on Friday, September 8th. Instinet restated a “buy” rating and issued a $43.00 price objective on shares of General Motors in a research note on Tuesday, October 3rd. Finally, UBS AG restated a “buy” rating and issued a $50.00 price objective (up from $39.00) on shares of General Motors in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.50.

General Motors Company 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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