Todays Report: The General Motors Co. (GM) Stake Boosted by P.R. Herzig & Co. Inc.

The General Motors Co. (GM) Stake Boosted by P.R. Herzig & Co. Inc.

P.R. Herzig & Co. Inc. boosted its stake in shares of General Motors Co. (NYSE:GM) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,950 shares of the auto manufacturer’s stock after buying an additional 1,600 shares during the period. General Motors makes up approximately 4.8% of P.R. Herzig & Co. Inc.’s holdings, making the stock its largest position. P.R. Herzig & Co. Inc.’s holdings in General Motors were worth $2,445,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC bought a new stake in shares of General Motors during the first quarter valued at $56,200,000. National Pension Service raised its stake in shares of General Motors by 4.1% in the first quarter. National Pension Service now owns 823,356 shares of the auto manufacturer’s stock valued at $25,878,000 after buying an additional 32,253 shares in the last quarter. Natixis raised its stake in shares of General Motors by 576.0% in the first quarter. Natixis now owns 2,515,846 shares of the auto manufacturer’s stock valued at $79,073,000 after buying an additional 2,143,679 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of General Motors by 6.5% in the second quarter. Acadian Asset Management LLC now owns 28,095 shares of the auto manufacturer’s stock valued at $795,000 after buying an additional 1,722 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in shares of General Motors by 126.9% in the second quarter. Artemis Investment Management LLP now owns 6,464,090 shares of the auto manufacturer’s stock valued at $182,903,000 after buying an additional 3,615,099 shares in the last quarter. 70.40% of the stock is currently owned by institutional investors and hedge funds.

General Motors Co. (NYSE:GM) traded up 1.14% during midday trading on Friday, hitting $31.87. The stock had a trading volume of 11,105,104 shares. The firm has a market cap of $49.78 billion, a P/E ratio of 4.08 and a beta of 1.65. The stock has a 50-day moving average of $31.75 and a 200-day moving average of $30.89. General Motors Co. has a 52 week low of $26.69 and a 52 week high of $36.88.

General Motors (NYSE:GM) last announced its quarterly earnings data on Thursday, July 21st. The auto manufacturer reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. General Motors had a return on equity of 23.96% and a net margin of 7.90%. The business earned $42.40 billion during the quarter, compared to analysts’ expectations of $38.81 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast that General Motors Co. will post $5.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.77%. General Motors’s dividend payout ratio (DPR) is presently 19.46%.

GM has been the topic of several analyst reports. Vetr lowered General Motors from a “strong-buy” rating to a “buy” rating and set a $33.03 target price on the stock. in a research report on Monday, June 27th. Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $29.00 to $37.00 in a report on Monday, September 19th. Royal Bank Of Canada reissued a “sector perform” rating and set a $41.00 price target (down from $43.50) on shares of General Motors in a report on Thursday, June 30th. Argus reissued a “hold” rating on shares of General Motors in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. set a $36.00 price target on General Motors and gave the company a “neutral” rating in a report on Thursday, July 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $36.67.

In other General Motors news, VP Thomas S. Timko sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total value of $199,625.00. Following the completion of the transaction, the vice president now directly owns 27,477 shares of the company’s stock, valued at $877,615.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jane L. Mendillo bought 1,600 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average cost of $31.01 per share, with a total value of $49,616.00. Following the completion of the purchase, the director now owns 1,600 shares of the company’s stock, valued at approximately $49,616. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

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