Cetera Trust Company N.A Has $1.77 Million Stock Holdings in General Motors (NYSE:GM)

Cetera Trust Company N.A increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,609 shares of the auto manufacturer’s stock after purchasing an additional 3,200 shares during the quarter. General Motors makes up 1.1% of Cetera Trust Company N.A’s investment portfolio, making the stock its 28th biggest holding. Cetera Trust Company N.A’s holdings in General Motors were worth $1,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter valued at $25,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors in the 4th quarter valued at about $27,000. Duncker Streett & Co. Inc. increased its position in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares in the last quarter. Whittier Trust Co. raised its stake in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 425 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new stake in General Motors in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 0.5%

Shares of GM stock opened at $47.50 on Monday. The business’s fifty day moving average is $46.80 and its 200 day moving average is $49.30. The company has a market capitalization of $45.67 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.62 earnings per share. On average, equities research analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.26%. This is a boost from General Motors’s previous quarterly dividend of $0.12. General Motors’s dividend payout ratio is presently 8.65%.

Analysts Set New Price Targets

A number of analysts have commented on GM shares. Wedbush decreased their price target on shares of General Motors from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. UBS Group decreased their price objective on General Motors from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Mizuho raised their target price on General Motors from $53.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Finally, Barclays upped their price target on General Motors from $40.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Motors has a consensus rating of “Hold” and a consensus target price of $54.56.

About General Motors

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.