Stelac Advisory Services LLC Has $1.57 Million Stake in General Motors Company (GM)
Stelac Advisory Services LLC increased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 82.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,970 shares of the auto manufacturer’s stock after buying an additional 17,600 shares during the period. General Motors comprises 0.5% of Stelac Advisory Services LLC’s portfolio, making the stock its 21st largest holding. Stelac Advisory Services LLC’s holdings in General Motors were worth $1,574,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares during the last quarter. State of Alaska Department of Revenue increased its position in General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 310 shares during the last quarter. Ffcm LLC increased its position in General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 3,213 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in General Motors by 240.2% during the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Fayez Sarofim & Co. acquired a new position in General Motors during the third quarter worth approximately $202,000. 73.50% of the stock is owned by institutional investors and hedge funds.
In related news, CAO Thomas S. Timko sold 44,791 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.46, for a total value of $1,991,407.86. Following the sale, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nysschen Carel J. De sold 123,645 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the completion of the sale, the executive vice president now directly owns 150,484 shares in the company, valued at approximately $6,710,081.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 971,122 shares of company stock worth $40,627,952. Insiders own 0.04% of the company’s stock.
GM has been the subject of several research analyst reports. BidaskClub lowered shares of General Motors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada increased their price objective on shares of General Motors from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. ValuEngine raised shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective for the company. in a research report on Monday, July 31st. Finally, Zacks Investment Research raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.61.
General Motors Company (NYSE:GM) traded down $0.66 during midday trading on Wednesday, reaching $44.31. 3,809,332 shares of the company’s stock were exchanged, compared to its average volume of 13,414,587. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors Company has a 12-month low of $31.92 and a 12-month high of $46.76. The company has a market cap of $63,747.92, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 0.78 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. During the same period last year, the firm posted $1.72 EPS. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. research analysts predict that General Motors Company will post 6.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.43%. General Motors’s payout ratio is currently 77.95%.
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General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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