W. E. Donoghue & Co. LLC Invests $16.34 Million in General Motors Company (GM)

W. E. Donoghue & Co. LLC acquired a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 467,812 shares of the auto manufacturer’s stock, valued at approximately $16,341,000. General Motors accounts for about 1.9% of W. E. Donoghue & Co. LLC’s holdings, making the stock its 18th biggest position.

Several other institutional investors have also recently made changes to their positions in GM. Waldron LP lifted its holdings in shares of General Motors by 13.6% in the first quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock valued at $287,000 after buying an additional 975 shares during the period. Bancorpsouth Inc. lifted its holdings in shares of General Motors by 3.5% in the first quarter. Bancorpsouth Inc. now owns 60,189 shares of the auto manufacturer’s stock valued at $2,129,000 after buying an additional 2,016 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of General Motors by 59.3% in the first quarter. IFM Investors Pty Ltd now owns 27,908 shares of the auto manufacturer’s stock valued at $987,000 after buying an additional 10,384 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of General Motors by 435.4% in the first quarter. Vident Investment Advisory LLC now owns 76,802 shares of the auto manufacturer’s stock valued at $2,716,000 after buying an additional 62,458 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of General Motors by 14.1% in the first quarter. AE Wealth Management LLC now owns 27,468 shares of the auto manufacturer’s stock valued at $971,000 after buying an additional 3,385 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

A number of equities research analysts have recently issued reports on GM shares. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 target price on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $37.00 target price on shares of General Motors in a research report on Friday, July 14th. Finally, Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $42.50.

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Shares of General Motors Company (GM) traded down 0.3872% during mid-day trading on Friday, reaching $45.1744. The company had a trading volume of 2,472,679 shares. The company has a market capitalization of $65.83 billion, a price-to-earnings ratio of 7.8537 and a beta of 1.45. General Motors Company has a 12 month low of $30.21 and a 12 month high of $46.11. The firm’s 50-day moving average is $41.05 and its 200 day moving average is $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, equities research analysts predict that General Motors Company will post $6.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.

In other General Motors news, insider Charles K. Stevens III sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.80, for a total transaction of $572,800.00. Following the transaction, the insider now owns 77,052 shares of the company’s stock, valued at $2,758,461.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas S. Timko sold 17,255 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the transaction, the vice president now directly owns 26,

Several other institutional investors have also recently made changes to their positions in GM. Waldron LP lifted its holdings in shares of General Motors by 13.6% in the first quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock valued at $287,000 after buying an additional 975 shares during the period. Bancorpsouth Inc. lifted its holdings in shares of General Motors by 3.5% in the first quarter. Bancorpsouth Inc. now owns 60,189 shares of the auto manufacturer’s stock valued at $2,129,000 after buying an additional 2,016 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of General Motors by 59.3% in the first quarter. IFM Investors Pty Ltd now owns 27,908 shares of the auto manufacturer’s stock valued at $987,000 after buying an additional 10,384 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of General Motors by 435.4% in the first quarter. Vident Investment Advisory LLC now owns 76,802 shares of the auto manufacturer’s stock valued at $2,716,000 after buying an additional 62,458 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of General Motors by 14.1% in the first quarter. AE Wealth Management LLC now owns 27,468 shares of the auto manufacturer’s stock valued at $971,000 after buying an additional 3,385 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

A number of equities research analysts have recently issued reports on GM shares. BidaskClub raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. ValuEngine raised General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 target price on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $37.00 target price on shares of General Motors in a research report on Friday, July 14th. Finally, Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $42.50.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/20/w-e-donoghue-co-llc-invests-16-34-million-in-general-motors-company-gm.html.

Shares of General Motors Company (GM) traded down 0.3872% during mid-day trading on Friday, reaching $45.1744. The company had a trading volume of 2,472,679 shares. The company has a market capitalization of $65.83 billion, a price-to-earnings ratio of 7.8537 and a beta of 1.45. General Motors Company has a 12 month low of $30.21 and a 12 month high of $46.11. The firm’s 50-day moving average is $41.05 and its 200 day moving average is $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, equities research analysts predict that General Motors Company will post $6.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.

In other General Motors news, insider Charles K. Stevens III sold 16,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.80, for a total transaction of $572,800.00. Following the transaction, the insider now owns 77,052 shares of the company’s stock, valued at $2,758,461.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas S. Timko sold 17,255 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the transaction, the vice president now directly owns 26,100 shares in the company, valued at approximately $934,119. The disclosure for this sale can be found here. In the last three months, insiders have sold 852,901 shares of company stock worth $32,378,733. Company insiders own 0.04% of the company’s stock.

About General Motors

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.

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

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