General Motors (NYSE:GM) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 202,821 shares of the auto manufacturer’s stock after selling 3,492 shares during the period. Lmcg Investments LLC’s holdings in General Motors were worth $9,094,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors in the second quarter valued at $25,000. Wellington Shields Capital Management LLC purchased a new stake in shares of General Motors in the second quarter valued at $28,000. Fortitude Family Office LLC lifted its position in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 225 shares in the last quarter. Montag A & Associates Inc. purchased a new stake in shares of General Motors in the first quarter valued at $30,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of General Motors in the second quarter valued at $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 0.4 %

Shares of GM stock traded up $0.20 during trading hours on Friday, reaching $50.96. The company had a trading volume of 10,289,522 shares, compared to its average volume of 15,030,153. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a twelve month low of $26.30 and a twelve month high of $54.29. The company has a market capitalization of $56.04 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42. The stock’s fifty day simple moving average is $48.31 and its 200 day simple moving average is $46.46.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.94%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 2,302 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other General Motors news, EVP Rory Harvey sold 2,302 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares in the company, valued at $489,942.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 531,228 shares of company stock worth $28,267,714 in the last 90 days. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on GM shares. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research report on Friday, October 11th. Royal Bank of Canada upped their price objective on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their target price on General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their target price on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, General Motors presently has a consensus rating of “Hold” and an average price target of $56.92.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.