Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 166,261 shares of the auto manufacturer’s stock after selling 15,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Motors were worth $6,815,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its position in General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after buying an additional 860 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in General Motors in the third quarter worth $119,000. Ropes Wealth Advisors LLC lifted its position in General Motors by 240.2% in the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after buying an additional 3,248 shares during the last quarter. Fayez Sarofim & Co. bought a new stake in General Motors in the third quarter worth $202,000. Finally, Capital Investment Advisory Services LLC bought a new stake in General Motors in the third quarter worth $203,000. Hedge funds and other institutional investors own 73.02% of the company’s stock.
In other news, EVP Nysschen Carel J. De sold 123,645 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the transaction, the executive vice president now owns 150,484 shares in the company, valued at $6,710,081.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were 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 in the company, valued at approximately $14,526,429.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 552,298 shares of company stock worth $24,408,137. Insiders own 0.04% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Piper Jaffray Companies set a $44.00 target price on General Motors and gave the stock a “buy” rating in a research note on Monday, October 16th. Citigroup reiterated a “buy” rating and issued a $53.00 target price on shares of General Motors in a research note on Monday, October 2nd. Evercore ISI increased their target price on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Finally, Instinet reiterated a “buy” rating and issued a $43.00 target price on shares of General Motors in a research note on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. General Motors presently has a consensus rating of “Hold” and an average target price of $44.07.
General Motors (GM) opened at $44.03 on Thursday. The company has a market capitalization of $62,540.00, a price-to-earnings ratio of 9.53, a PEG ratio of 0.82 and a beta of 1.55. 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 has a 52 week low of $31.92 and a 52 week high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, beating the consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. analysts forecast that General Motors will post 6.5 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Stockholders 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 annualized dividend and a dividend yield of 3.45%. General Motors’s dividend payout ratio is currently 32.90%.
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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