Dumont & Blake Investment Advisors LLC Sells 230 Shares of General Motors (NYSE:GM)

Dumont & Blake Investment Advisors LLC reduced its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 1.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,300 shares of the auto manufacturer’s stock after selling 230 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in General Motors were worth $1,135,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of General Motors in the second quarter valued at about $25,000. Crews Bank & Trust bought a new stake in General Motors in the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new stake in General Motors in the 3rd quarter valued at about $27,000. Truvestments Capital LLC bought a new position in shares of General Motors during the 3rd quarter worth approximately $27,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $31,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Down 0.8 %

Shares of NYSE:GM opened at $49.39 on Friday. The firm has a fifty day moving average price of $52.94 and a two-hundred day moving average price of $49.95. The company has a market cap of $49.15 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.28 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 1.03. General Motors has a one year low of $37.60 and a one year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Analysts anticipate that General Motors will post 11.45 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.97%. General Motors’s payout ratio is presently 7.80%.

Analyst Ratings Changes

A number of analysts recently commented on GM shares. Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Barclays boosted their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein lifted their price objective on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Mizuho raised their price target on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.28.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock valued at $28,977,691 in the last quarter. Insiders own 0.72% of the company’s stock.

About General Motors

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.