Green Square Capital LLC lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 73.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,173 shares of the auto manufacturer’s stock after selling 127,536 shares during the period. Green Square Capital LLC’s holdings in General Motors were worth $1,893,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of GM. Icon Wealth Partners LLC purchased a new stake in General Motors in the 4th quarter valued at approximately $106,000. Fieldpoint Private Securities LLC purchased a new stake in General Motors in the 3rd quarter valued at approximately $119,000. Cerebellum GP LLC purchased a new stake in General Motors in the 4th quarter valued at approximately $123,000. Independence Bank of Kentucky purchased a new stake in General Motors in the 4th quarter valued at approximately $129,000. Finally, Stumpf Capital Management LLC purchased a new stake in General Motors in the 4th quarter valued at approximately $131,000. Hedge funds and other institutional investors own 73.54% of the company’s stock.
In related news, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total value of $1,588,400,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark L. Reuss sold 165,944 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $41.85, for a total value of $6,944,756.40. Following the completion of the sale, the executive vice president now directly owns 369,878 shares in the company, valued at approximately $15,479,394.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,289,848 shares of company stock worth $1,600,694,061. 0.04% of the stock is owned by corporate insiders.
Shares of GM stock opened at $35.17 on Friday. The company has a market capitalization of $51,000.61, a P/E ratio of 5.54, a PEG ratio of 0.70 and a beta of 1.60. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89. 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 posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The firm had revenue of $34.48 billion for the quarter, compared to analyst estimates of $34.28 billion. During the same quarter in the prior year, the company earned $1.28 EPS. General Motors’s revenue was down 7.7% on a year-over-year basis. research analysts expect that General Motors will post 6.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date was Thursday, March 8th. General Motors’s payout ratio is currently -52.59%.
GM has been the topic of a number of analyst reports. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $42.96 price objective on the stock. in a report on Wednesday, December 20th. Zacks Investment Research lowered General Motors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Cascend Securities lowered General Motors to a “buy” rating in a report on Tuesday, December 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $55.00 price objective (down previously from $56.00) on shares of General Motors in a report on Tuesday, March 13th. Finally, Barclays reaffirmed a “buy” rating and issued a $61.00 price objective on shares of General Motors in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.79.
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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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