General Motors Company (GM) Position Lowered by GFS Advisors LLC
GFS Advisors LLC lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 272,827 shares of the auto manufacturer’s stock after selling 31,579 shares during the period. General Motors Company accounts for about 2.0% of GFS Advisors LLC’s holdings, making the stock its 11th largest position. GFS Advisors LLC’s holdings in General Motors Company were worth $9,505,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of GM. Elgethun Capital Management acquired a new stake in shares of General Motors Company during the fourth quarter worth about $101,000. TLP Group LLC acquired a new stake in shares of General Motors Company during the third quarter worth about $125,000. AllSquare Wealth Management LLC increased its stake in shares of General Motors Company by 16.5% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer’s stock worth $130,000 after buying an additional 650 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of General Motors Company by 313.7% in the third quarter. Global X Management Co. LLC now owns 4,257 shares of the auto manufacturer’s stock worth $135,000 after buying an additional 3,228 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of General Motors Company during the third quarter worth about $135,000. 71.57% of the stock is owned by hedge funds and other institutional investors.
General Motors Company (NYSE:GM) opened at 37.03 on Friday. The stock has a 50 day moving average price of $36.52 and a 200 day moving average price of $33.63. General Motors Company has a 52 week low of $27.34 and a 52 week high of $38.38. The stock has a market cap of $55.47 billion, a PE ratio of 6.17 and a beta of 1.32.
General Motors Company (NYSE:GM) last released its earnings results on Tuesday, February 7th. The auto manufacturer reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.11. The firm earned $43.90 billion during the quarter, compared to analyst estimates of $40.97 billion. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. On average, equities analysts predict that General Motors Company will post $6.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.10%. General Motors Company’s payout ratio is currently 25.33%.
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GM has been the subject of a number of recent analyst reports. Vetr raised General Motors Company from a “hold” rating to a “buy” rating and set a $32.86 price objective for the company in a research report on Wednesday, October 26th. Zacks Investment Research raised General Motors Company from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Monday, January 23rd. Barclays PLC reissued an “equal weight” rating and set a $41.00 price objective on shares of General Motors Company in a research report on Saturday, January 14th. Nomura set a $33.00 price objective on General Motors Company and gave the stock a “hold” rating in a research report on Thursday, October 27th. Finally, Craig Hallum downgraded General Motors Company from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. General Motors Company presently has an average rating of “Hold” and a consensus target price of $37.06.
In related news, President Daniel Ammann sold 10,000 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the president now directly owns 153,850 shares in the company, valued at $5,692,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Karl-Thomas Neumann sold 1,379 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $35.38, for a total value of $48,789.02. Following the completion of the transaction, the executive vice president now owns 15,755 shares of the company’s stock, valued at $557,411.90. The disclosure for this sale can be found here. Insiders sold 46,377 shares of company stock valued at $1,700,120 over the last quarter. Insiders own 0.04% of the company’s stock.
About General Motors Company
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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