Neuburgh Advisers LLC Has $4.63 Million Holdings in General Motors (GM)
Neuburgh Advisers LLC grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.4% in the second quarter, Holdings Channel reports. The institutional investor owned 117,472 shares of the auto manufacturer’s stock after buying an additional 8,112 shares during the period. Neuburgh Advisers LLC’s holdings in General Motors were worth $4,628,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Stelac Advisory Services LLC acquired a new position in shares of General Motors during the 1st quarter worth $119,000. MUFG Americas Holdings Corp acquired a new position in shares of General Motors during the 2nd quarter worth $123,000. Kaizen Advisory LLC grew its stake in shares of General Motors by 163.6% during the 2nd quarter. Kaizen Advisory LLC now owns 3,298 shares of the auto manufacturer’s stock worth $130,000 after purchasing an additional 2,047 shares during the period. CWM LLC grew its stake in shares of General Motors by 108.4% during the 2nd quarter. CWM LLC now owns 3,510 shares of the auto manufacturer’s stock worth $138,000 after purchasing an additional 1,826 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of General Motors during the 1st quarter worth $141,000. Institutional investors own 73.79% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Piper Jaffray Companies set a $51.00 price target on shares of General Motors and gave the stock a “buy” rating in a research note on Wednesday, July 25th. ValuEngine cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Royal Bank of Canada upped their price target on shares of General Motors from $52.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 10th. Finally, Morgan Stanley lowered their price target on shares of General Motors from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, August 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. General Motors has a consensus rating of “Buy” and a consensus price target of $47.02.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.03. General Motors had a negative net margin of 3.26% and a positive return on equity of 23.39%. The company had revenue of $36.80 billion for the quarter, compared to analysts’ expectations of $36.62 billion. During the same period last year, the company earned $1.89 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. equities research analysts expect that General Motors will post 5.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, September 6th. This represents a $1.52 annualized dividend and a dividend yield of 4.18%. General Motors’s dividend payout ratio is currently 22.96%.
General Motors Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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