Castleview Partners LLC Purchases New Stake in General Motors (GM)

Castleview Partners LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,880 shares of the auto manufacturer’s stock, valued at approximately $395,000.

A number of other institutional investors have also recently made changes to their positions in GM. Advent Capital Management DE boosted its stake in shares of General Motors by 30.6% in the 4th quarter. Advent Capital Management DE now owns 198,541 shares of the auto manufacturer’s stock valued at $8,138,000 after purchasing an additional 46,541 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of General Motors by 154.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,923,200 shares of the auto manufacturer’s stock valued at $242,792,000 after purchasing an additional 3,594,700 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of General Motors by 9.7% in the 4th quarter. Norinchukin Bank The now owns 181,299 shares of the auto manufacturer’s stock valued at $7,431,000 after purchasing an additional 16,007 shares in the last quarter. Bell & Brown Wealth Advisors LLC acquired a new stake in shares of General Motors in the 4th quarter valued at approximately $1,934,000. Finally, BTC Capital Management Inc. boosted its stake in shares of General Motors by 17.7% in the 4th quarter. BTC Capital Management Inc. now owns 101,818 shares of the auto manufacturer’s stock valued at $4,173,000 after purchasing an additional 15,293 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Piper Jaffray set a $57.00 price target on shares of General Motors and gave the company an “overweight” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Wednesday, May 9th. ValuEngine lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. TheStreet upgraded shares of General Motors from a “c+” rating to a “b” rating in a report on Friday, April 27th. Finally, Citigroup reiterated a “hold” rating and issued a $70.00 price objective on shares of General Motors in a report on Friday, April 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $45.43.

In other news, insider Charles K. Stevens III sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the completion of the sale, the insider now owns 67,741 shares of the company’s stock, valued at approximately $2,445,450.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the firm’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 transaction of $1,588,400,000.00. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

General Motors stock opened at $38.30 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.73. General Motors has a 52-week low of $36.95 and a 52-week high of $37.36. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.09 and a beta of 1.61.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.19. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. The firm had revenue of $36.10 billion during the quarter, compared to analyst estimates of $34.67 billion. During the same quarter last year, the business earned $1.70 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. analysts forecast that General Motors will post 6.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.52 annualized dividend and a yield of 3.97%. General Motors’s payout ratio is 22.96%.

General Motors Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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