General Motors (NYSE:GM) Position Trimmed by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd lessened its position in General Motors (NYSE:GM) (TSE:GMM.U) by 74.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,407 shares of the auto manufacturer’s stock after selling 4,102 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in General Motors were worth $75,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GM. Strategic Investment Solutions Inc. IL bought a new position in General Motors in the 2nd quarter worth $25,000. Catalyst Capital Advisors LLC bought a new stake in General Motors in the third quarter valued at about $27,000. Truvestments Capital LLC bought a new stake in General Motors in the third quarter valued at about $27,000. Eastern Bank bought a new stake in General Motors in the third quarter valued at about $34,000. Finally, Fairscale Capital LLC bought a new stake in General Motors in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 9,307 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total transaction of $502,671.07. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $459,787.13. The trade was a 52.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on GM. Mizuho boosted their price target on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their price target on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Barclays boosted their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Friday, October 11th. Finally, HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.58.

General Motors Stock Down 0.5 %

Shares of GM stock traded down $0.25 during trading hours on Monday, hitting $49.60. 2,400,229 shares of the company were exchanged, compared to its average volume of 7,896,884. The business has a 50 day moving average of $53.93 and a two-hundred day moving average of $49.50. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24. The company has a market capitalization of $54.54 billion, a PE ratio of 5.29, a PEG ratio of 0.40 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio is 5.12%.

General Motors 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.