Brown Advisory Inc. lessened its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 28.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,294 shares of the auto manufacturer’s stock after selling 32,127 shares during the period. Brown Advisory Inc.’s holdings in General Motors were worth $3,323,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of General Motors by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after purchasing an additional 3,560,717 shares during the period. BlackRock Inc. lifted its stake in shares of General Motors by 1.1% in the 2nd quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after purchasing an additional 850,211 shares during the period. Berkshire Hathaway Inc. lifted its stake in shares of General Motors by 20.0% in the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares during the period. Capital World Investors lifted its stake in shares of General Motors by 5.0% in the 2nd quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after purchasing an additional 1,500,500 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of General Motors by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,568,438 shares of the auto manufacturer’s stock worth $508,880,000 after purchasing an additional 59,774 shares during the period. Hedge funds and other institutional investors own 73.06% of the company’s stock.

In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.90, for a total transaction of $409,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at $2,459,480.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,021,565 shares of company stock valued at $42,801,037. Insiders own 0.04% of the company’s stock.

Shares of General Motors (NYSE:GM) traded down $0.65 on Thursday, reaching $42.15. 12,868,400 shares of the company’s stock were exchanged, compared to its average volume of 13,472,148. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The stock has a market cap of $60,793.46, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.74 and a beta of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. During the same period last year, the firm posted $1.72 EPS. The company’s revenue was down 16.6% on a year-over-year basis. equities research analysts expect that General Motors will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is currently 77.95%.

GM has been the topic of several recent research reports. Instinet reiterated a “buy” rating and issued a $43.00 price objective on shares of General Motors in a research note on Tuesday, October 3rd. Bank of America upgraded shares of General Motors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $57.00 in a research note on Tuesday, October 3rd. Deutsche Bank reiterated a “buy” rating and issued a $51.00 price objective on shares of General Motors in a research note on Monday, October 2nd. Citigroup reiterated a “buy” rating and issued a $53.00 price objective on shares of General Motors in a research note on Monday, October 2nd. Finally, BidaskClub raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. General Motors has an average rating of “Hold” and a consensus price target of $43.70.

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General Motors 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.

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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