LRI Investments LLC Has $150,000 Holdings in General Motors (NYSE:GM)

LRI Investments LLC boosted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 335.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,235 shares of the auto manufacturer’s stock after purchasing an additional 2,492 shares during the period. LRI Investments LLC’s holdings in General Motors were worth $150,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Public Employees Retirement Association of Colorado boosted its position in General Motors by 1,213.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,203,771 shares of the auto manufacturer’s stock valued at $79,159,000 after buying an additional 2,035,925 shares during the last quarter. US Bancorp DE raised its holdings in General Motors by 59.3% during the 4th quarter. US Bancorp DE now owns 86,888 shares of the auto manufacturer’s stock worth $3,121,000 after purchasing an additional 32,331 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of General Motors by 317.6% in the 4th quarter. GSA Capital Partners LLP now owns 67,807 shares of the auto manufacturer’s stock valued at $2,436,000 after purchasing an additional 51,571 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of General Motors by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,327,552 shares of the auto manufacturer’s stock worth $370,966,000 after buying an additional 558,765 shares during the period. Finally, ACR Alpine Capital Research LLC raised its stake in shares of General Motors by 8.4% during the first quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after buying an additional 492,693 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Activity

In related news, CEO Mary T. Barra sold 626,316 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the sale, the chief executive officer now owns 1,198,648 shares in the company, valued at $52,093,242.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Mary T. Barra sold 626,316 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the transaction, the chief executive officer now directly owns 1,198,648 shares in the company, valued at $52,093,242.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Mark L. Reuss sold 14,858 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $46.01, for a total transaction of $683,616.58. Following the sale, the president now directly owns 162,049 shares in the company, valued at $7,455,874.49. The disclosure for this sale can be found here. Insiders sold 1,152,621 shares of company stock worth $51,818,111 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of General Motors from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company upped their price objective on General Motors from $32.00 to $34.00 and gave the company an “underweight” rating in a report on Wednesday, July 24th. Bank of America restated a “buy” rating and set a $75.00 target price on shares of General Motors in a report on Wednesday, June 12th. Morgan Stanley cut General Motors from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $46.00 to $47.00 in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reduced their price objective on shares of General Motors from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.17.

General Motors Stock Up 4.5 %

Shares of GM stock traded up $2.11 on Friday, hitting $48.57. 12,918,085 shares of the stock were exchanged, compared to its average volume of 15,663,523. The firm has a market capitalization of $55.42 billion, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 0.44 and a beta of 1.43. The business has a 50-day moving average of $45.91 and a 200 day moving average of $44.04. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $50.50.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.39. The company had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.91 EPS. Equities analysts anticipate that General Motors will post 9.94 EPS for the current year.

General Motors announced that its board has authorized a share repurchase plan on Tuesday, June 11th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 10.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, September 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.48 annualized dividend and a yield of 0.99%. General Motors’s payout ratio is currently 5.87%.

General Motors 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.