Teacher Retirement System of Texas boosted its position in General Motors Co. (NYSE:GM) (TSE:GMM.U) by 3.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 389,116 shares of the auto manufacturer’s stock after buying an additional 11,504 shares during the period. Teacher Retirement System of Texas’ holdings in General Motors were worth $12,362,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of GM. Bank of Hawaii boosted its stake in shares of General Motors by 0.4% in the third quarter. Bank of Hawaii now owns 9,321 shares of the auto manufacturer’s stock valued at $296,000 after buying an additional 40 shares during the last quarter. WFG Advisors LP boosted its stake in shares of General Motors by 0.5% in the second quarter. WFG Advisors LP now owns 9,031 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 48 shares during the last quarter. Point View Wealth Management Inc. boosted its stake in shares of General Motors by 0.3% in the third quarter. Point View Wealth Management Inc. now owns 19,178 shares of the auto manufacturer’s stock valued at $609,000 after buying an additional 53 shares during the last quarter. Conning Inc. boosted its stake in shares of General Motors by 0.3% in the third quarter. Conning Inc. now owns 34,310 shares of the auto manufacturer’s stock valued at $1,090,000 after buying an additional 90 shares during the last quarter. Finally, First Interstate Bank boosted its stake in shares of General Motors by 0.5% in the second quarter. First Interstate Bank now owns 19,295 shares of the auto manufacturer’s stock valued at $546,000 after buying an additional 100 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

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

General Motors Co. (NYSE:GM) traded up 1.15% during mid-day trading on Tuesday, reaching $34.44. The company’s stock had a trading volume of 5,123,537 shares. The firm has a market cap of $52.50 billion, a PE ratio of 3.93 and a beta of 1.42. General Motors Co. has a 12-month low of $26.69 and a 12-month high of $36.52. The company has a 50-day moving average price of $32.29 and a 200-day moving average price of $31.18.

General Motors (NYSE:GM) last issued its quarterly earnings data on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.28. The company had revenue of $42.80 billion for the quarter, compared to analyst estimates of $39.11 billion. General Motors had a net margin of 8.58% and a return on equity of 23.22%. General Motors’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. On average, equities research analysts expect that General Motors Co. will post $6.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Monday, December 5th. General Motors’s payout ratio is 17.41%.

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Several equities research analysts have recently weighed in on GM shares. Vetr cut General Motors from a “strong-buy” rating to a “buy” rating and set a $35.44 price target for the company. in a research note on Monday, September 19th. Citigroup Inc. reissued a “buy” rating and issued a $50.00 price target on shares of General Motors in a research note on Thursday, September 22nd. Seaport Global Securities started coverage on General Motors in a research note on Tuesday, August 9th. They issued a “buy” rating and a $42.00 price target for the company. Barclays PLC reissued an “equal weight” rating and issued a $66.00 price target on shares of General Motors in a research note on Friday, September 23rd. Finally, Jefferies Group reissued a “hold” rating on shares of General Motors in a research note on Friday, September 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. General Motors has an average rating of “Hold” and an average target price of $36.06.

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.

5 Day Chart for NYSE:GM

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