Nisa Investment Advisors LLC cut its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 406,262 shares of the auto manufacturer’s stock after selling 12,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in General Motors were worth $16,653,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of GM. Berkshire Hathaway Inc. increased its holdings in shares of General Motors by 20.0% during the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after acquiring an additional 10,000,000 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of General Motors by 290.9% during the second quarter. Janus Henderson Group PLC now owns 10,247,171 shares of the auto manufacturer’s stock valued at $357,944,000 after acquiring an additional 7,625,809 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of General Motors during the third quarter valued at $202,352,000. Vanguard Group Inc. increased its holdings in shares of General Motors by 4.0% during the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after acquiring an additional 3,560,717 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of General Motors by 72.9% during the second quarter. Parametric Portfolio Associates LLC now owns 4,210,479 shares of the auto manufacturer’s stock valued at $147,072,000 after acquiring an additional 1,775,924 shares in the last quarter. Hedge funds and other institutional investors own 73.01% of the company’s stock.
In other news, CAO Thomas S. Timko sold 44,791 shares of General Motors stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the transaction, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stefan Jacoby sold 37,961 shares of General Motors stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total value of $1,627,388.07. Following the transaction, the executive vice president now directly owns 98,340 shares in the company, valued at $4,215,835.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 552,298 shares of company stock valued at $24,408,137. Corporate insiders own 0.04% of the company’s stock.
Shares of General Motors (NYSE GM) opened at $44.07 on Friday. The stock has a market capitalization of $62,600.00, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.55. 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 quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 EPS. equities research analysts anticipate that General Motors will post 6.25 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.45%. General Motors’s dividend payout ratio is currently 32.90%.
GM has been the subject of several analyst reports. Evercore ISI raised their price target on General Motors from $40.00 to $41.38 in a report on Friday, December 29th. UBS Group restated a “buy” rating and set a $50.00 price target (up from $39.00) on shares of General Motors in a report on Wednesday, October 11th. Citigroup restated a “buy” rating and set a $53.00 price target on shares of General Motors in a report on Monday, October 9th. Piper Jaffray Companies set a $51.00 price objective on General Motors and gave the stock a “buy” rating in a report on Tuesday, October 24th. Finally, Instinet reiterated a “buy” rating and issued a $43.00 price objective on shares of General Motors in a report on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.29.
General Motors Company 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.
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GM) (TSE:GMM.U).
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.