Y.D. More Investments Ltd Acquires 22,000 Shares of General Motors (NYSE:GM)

Y.D. More Investments Ltd raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 18,333.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,120 shares of the auto manufacturer’s stock after acquiring an additional 22,000 shares during the quarter. Y.D. More Investments Ltd’s holdings in General Motors were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. lifted its stake in shares of General Motors by 26.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 10,899 shares of the auto manufacturer’s stock valued at $400,000 after buying an additional 2,258 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of General Motors by 15.4% in the first quarter. Tower Research Capital LLC TRC now owns 39,136 shares of the auto manufacturer’s stock worth $1,435,000 after acquiring an additional 5,225 shares during the period. Truist Financial Corp grew its position in shares of General Motors by 62.3% during the first quarter. Truist Financial Corp now owns 376,167 shares of the auto manufacturer’s stock worth $13,798,000 after purchasing an additional 144,419 shares in the last quarter. Atria Investments Inc lifted its holdings in General Motors by 0.9% in the 1st quarter. Atria Investments Inc now owns 194,276 shares of the auto manufacturer’s stock worth $7,126,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Qtron Investments LLC bought a new position in General Motors in the 4th quarter worth approximately $256,000. Institutional investors own 79.62% of the company’s stock.

Insider Buying and Selling

In other General Motors news, President Mark L. Reuss sold 9,300 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $41.00, for a total transaction of $381,300.00. Following the completion of the sale, the president now directly owns 282,973 shares of the company’s stock, valued at $11,601,893. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

General Motors Trading Down 1.1 %

Shares of NYSE:GM traded down $0.37 during trading on Monday, reaching $33.58. 712,860 shares of the company were exchanged, compared to its average volume of 14,130,074. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.96. The firm has a market capitalization of $46.20 billion, a PE ratio of 4.74, a P/E/G ratio of 0.45 and a beta of 1.39. The business’s fifty day simple moving average is $35.70 and its 200-day simple moving average is $35.40. General Motors has a 12-month low of $31.10 and a 12-month high of $43.63.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. General Motors had a return on equity of 16.70% and a net margin of 6.05%. The firm had revenue of $44.75 billion for the quarter, compared to analyst estimates of $42.13 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. On average, research analysts anticipate that General Motors will post 7.59 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 31st. General Motors’s payout ratio is 5.03%.

Analysts Set New Price Targets

GM has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and set a $48.00 price target on shares of General Motors in a research note on Wednesday, August 9th. Tigress Financial reissued a “strong-buy” rating and issued a $86.00 target price on shares of General Motors in a report on Friday, July 28th. The Goldman Sachs Group upped their price target on shares of General Motors from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Barclays lifted their price objective on shares of General Motors from $42.00 to $46.00 in a research note on Monday, July 10th. Finally, Citigroup upped their target price on shares of General Motors from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, General Motors has an average rating of “Moderate Buy” and an average target price of $50.67.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.