General Motors (GM) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,215,933 shares of the auto manufacturer’s stock after purchasing an additional 11,761 shares during the quarter. General Motors comprises 0.6% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 29th largest holding. Oregon Public Employees Retirement Fund owned 0.09% of General Motors worth $40,940,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vicus Capital grew its stake in General Motors by 15.8% in the second quarter. Vicus Capital now owns 25,558 shares of the auto manufacturer’s stock valued at $1,007,000 after acquiring an additional 3,483 shares during the period. Trilogy Capital Inc. grew its stake in General Motors by 32.3% in the second quarter. Trilogy Capital Inc. now owns 21,586 shares of the auto manufacturer’s stock valued at $850,000 after acquiring an additional 5,265 shares during the period. Covenant Multifamily Offices LLC grew its stake in General Motors by 82.6% in the second quarter. Covenant Multifamily Offices LLC now owns 144,404 shares of the auto manufacturer’s stock valued at $5,690,000 after acquiring an additional 65,343 shares during the period. Pegasus Partners Ltd. boosted its position in shares of General Motors by 13.3% during the second quarter. Pegasus Partners Ltd. now owns 41,923 shares of the auto manufacturer’s stock valued at $1,652,000 after buying an additional 4,934 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of General Motors by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,597,704 shares of the auto manufacturer’s stock valued at $220,550,000 after buying an additional 206,174 shares during the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.

Several brokerages recently issued reports on GM. Royal Bank of Canada lifted their target price on General Motors from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Guggenheim reaffirmed a “buy” rating and set a $52.00 target price on shares of General Motors in a research report on Friday, July 20th. Citigroup cut their target price on General Motors to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. Buckingham Research cut their target price on General Motors from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. cut their target price on General Motors from $58.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. General Motors has an average rating of “Hold” and a consensus target price of $46.64.

GM stock opened at $35.91 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.74 and a current ratio of 0.88. General Motors has a 1-year low of $30.56 and a 1-year high of $45.52. The firm has a market capitalization of $46.07 billion, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 0.68 and a beta of 1.55.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.62. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The business had revenue of $35.79 billion for the quarter, compared to analysts’ expectations of $34.85 billion. During the same quarter in the previous year, the firm earned $1.32 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that General Motors will post 5.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.23%. General Motors’s payout ratio is presently 22.96%.

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

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