General Motors (NYSE:GM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 10,327,552 shares of the auto manufacturer’s stock after buying an additional 558,765 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in General Motors were worth $370,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Summit Financial LLC raised its holdings in General Motors by 4.3% during the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock worth $239,000 after purchasing an additional 273 shares in the last quarter. Pacifica Partners Inc. lifted its position in General Motors by 10.1% in the fourth quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer’s stock valued at $107,000 after acquiring an additional 301 shares during the last quarter. RWA Wealth Partners LLC boosted its stake in General Motors by 5.0% in the fourth quarter. RWA Wealth Partners LLC now owns 6,740 shares of the auto manufacturer’s stock valued at $242,000 after acquiring an additional 319 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of General Motors by 6.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 6,481 shares of the auto manufacturer’s stock worth $233,000 after purchasing an additional 404 shares during the last quarter. Finally, First National Trust Co increased its position in shares of General Motors by 2.5% during the fourth quarter. First National Trust Co now owns 16,498 shares of the auto manufacturer’s stock worth $593,000 after purchasing an additional 410 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of NYSE GM traded down $0.08 during midday trading on Wednesday, hitting $45.20. The company had a trading volume of 3,816,548 shares, compared to its average volume of 16,865,334. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The business has a 50-day simple moving average of $43.05 and a two-hundred day simple moving average of $37.11. General Motors has a twelve month low of $26.30 and a twelve month high of $46.17. The firm has a market capitalization of $51.57 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.53 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The company had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.21 EPS. Equities research analysts anticipate that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio is currently 5.87%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GM. Barclays raised their price target on General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Mizuho increased their price target on shares of General Motors from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their target price on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company raised their price target on General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.65.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at $540,315. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.03, for a total value of $608,055.70. Following the sale, the executive vice president now directly owns 98,628 shares in the company, valued at approximately $3,948,078.84. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock valued at $3,614,078 in the last 90 days. 0.72% of the stock is currently owned by insiders.

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.