Wayne Hummer Investments L.L.C. Raises Stake in General Motors Company (GM)

Wayne Hummer Investments L.L.C. boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 42.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,254 shares of the auto manufacturer’s stock after buying an additional 6,589 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in General Motors Company were worth $787,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Pekin Singer Strauss Asset Management IL boosted its stake in shares of General Motors Company by 3.1% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer’s stock worth $2,206,000 after buying an additional 1,912 shares during the last quarter. IFC Holdings Incorporated FL boosted its position in General Motors Company by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock worth $1,141,000 after buying an additional 14,559 shares in the last quarter. Pegasus Partners Ltd. boosted its position in General Motors Company by 2.6% in the fourth quarter. Pegasus Partners Ltd. now owns 21,531 shares of the auto manufacturer’s stock worth $750,000 after buying an additional 536 shares in the last quarter. Suntrust Banks Inc. boosted its position in General Motors Company by 29.5% in the first quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock worth $8,008,000 after buying an additional 51,539 shares in the last quarter. Finally, Granite Investment Advisors LLC boosted its position in General Motors Company by 13.5% in the first quarter. Granite Investment Advisors LLC now owns 333,395 shares of the auto manufacturer’s stock worth $11,789,000 after buying an additional 39,598 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

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

Shares of General Motors Company (NYSE:GM) opened at 34.35 on Tuesday. The company’s 50 day moving average price is $33.80 and its 200 day moving average price is $35.41. The firm has a market capitalization of $51.84 billion, a price-to-earnings ratio of 5.31 and a beta of 1.35. General Motors Company has a 52-week low of $27.34 and a 52-week high of $38.55.

General Motors Company (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Friday, April 28th. The auto manufacturer reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.25. The business had revenue of $41.20 billion for the quarter, compared to analyst estimates of $37.38 billion. General Motors Company had a return on equity of 22.82% and a net margin of 5.92%. General Motors Company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. Analysts forecast that General Motors Company will post $6.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.43%. The ex-dividend date is Wednesday, June 7th. General Motors Company’s dividend payout ratio is 23.53%.

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GM has been the subject of a number of analyst reports. Nomura upgraded General Motors Company from a “neutral” rating to a “buy” rating in a report on Monday, March 6th. Instinet upgraded General Motors Company from a “neutral” rating to a “buy” rating and upped their price target for the stock from $36.00 to $45.00 in a report on Monday, March 6th. Jefferies Group LLC restated a “buy” rating and issued a $36.00 price target on shares of General Motors Company in a report on Tuesday, June 13th. BidaskClub upgraded General Motors Company from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Bank of America Corporation restated a “buy” rating and issued a $40.00 price target (down previously from $44.00) on shares of General Motors Company in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $38.94.

In related news, Director Jane L. Mendillo purchased 1,520 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average price of $32.92 per share, with a total value of $50,038.40. Following the purchase, the director now directly owns 3,120 shares in the company, valued at $102,710.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karl-Thomas Neumann sold 46,472 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $32.84, for a total value of $1,526,140.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,828 shares of company stock worth $4,208,691. 0.04% of the stock is owned by insiders.

About General Motors Company

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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