Oregon Public Employees Retirement Fund Purchases 23765 Shares of General Motors (GM)

November 24th, 20177:25 am @

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Oregon Public Employees Retirement Fund lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,127,927 shares of the auto manufacturer’s stock after buying an additional 23,765 shares during the period. General Motors makes up approximately 0.7% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 21st largest holding. Oregon Public Employees Retirement Fund owned about 0.08% of General Motors worth $45,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. boosted its holdings in shares of General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after purchasing an additional 10,000,000 shares during the last quarter. Swiss National Bank boosted its holdings in shares of General Motors by 1.2% during the 2nd quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock valued at $172,060,000 after purchasing an additional 56,500 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in shares of General Motors by 0.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock valued at $28,839,000 after purchasing an additional 3,298 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of General Motors by 0.3% in the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after acquiring an additional 25 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in shares of General Motors by 12.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock valued at $25,819,000 after acquiring an additional 82,201 shares during the last quarter. Hedge funds and other institutional investors own 73.50% of the company’s stock.

A number of analysts recently weighed in on the stock. Guggenheim raised shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Monday. Deutsche Bank AG reaffirmed a “buy” rating on shares of General Motors in a research report on Friday, November 17th. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 price objective on the stock. in a report on Monday, November 13th. Instinet lowered shares of General Motors from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $42.90 to $43.00 in a report on Wednesday, November 1st. Finally, Nomura lowered shares of General Motors from a “buy” rating to a “hold” rating and lifted their price objective for the company from $43.00 to $46.00 in a report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.61.

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In related news, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the sale, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.49, for a total value of $11,810,226.42. Following the sale, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at approximately $14,526,429.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 971,122 shares of company stock valued at $40,627,952. 0.04% of the stock is owned by insiders.

Shares of General Motors (NYSE GM) opened at $44.29 on Friday. The firm has a market cap of $63,875.75, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.78 and a beta of 1.56. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the company earned $1.72 earnings per share. analysts forecast that General Motors will post 6.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 3.43%. General Motors’s payout ratio is 77.95%.

General Motors Profile

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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Article source: https://ledgergazette.com/2017/11/24/oregon-public-employees-retirement-fund-increases-holdings-in-general-motors-company-gm.html