KCS Wealth Advisory purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, Holdings Channel reports. The firm purchased 16,285 shares of the auto manufacturer’s stock, valued at approximately $668,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in General Motors by 4.0% during the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after buying an additional 3,560,717 shares during the period. BlackRock Inc. lifted its position in General Motors by 1.1% during the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock valued at $2,750,849,000 after buying an additional 850,211 shares during the period. Berkshire Hathaway Inc. lifted its position in General Motors by 20.0% during the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after buying an additional 10,000,000 shares during the period. Capital World Investors lifted its position in General Motors by 5.0% during the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock valued at $1,094,259,000 after buying an additional 1,500,500 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after buying an additional 331,621 shares during the period. Institutional investors and hedge funds own 73.01% of the company’s stock.

In other General Motors news, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $43.08, for a total value of $2,173,084.44. Following the completion of the transaction, the insider now owns 57,091 shares of the company’s stock, valued at approximately $2,459,480.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stefan Jacoby sold 37,961 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total value of $1,627,388.07. Following the completion of the transaction, the executive vice president now directly owns 98,340 shares of the company’s stock, valued at approximately $4,215,835.80. The disclosure for this sale can be found here. In the last three months, insiders sold 552,298 shares of company stock valued at $24,408,137. 0.04% of the stock is owned by insiders.

General Motors (NYSE:GM) traded down $0.12 on Friday, hitting $44.07. The stock had a trading volume of 14,911,939 shares, compared to its average volume of 12,800,000. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The stock has a market cap of $62,600.00, a price-to-earnings ratio of 9.54, a PEG ratio of 0.82 and a beta of 1.55. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76.

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 consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the previous year, the firm earned $1.72 EPS. General Motors’s quarterly revenue was down 16.6% compared to the same quarter last year. equities analysts anticipate that General Motors will post 6.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is 32.90%.

Several brokerages have commented on GM. Zacks Investment Research raised General Motors from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays reissued a “buy” rating and set a $61.00 price objective on shares of General Motors in a research report on Tuesday. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.10 price objective for the company. in a research report on Monday, January 1st. Evercore ISI raised their price objective on General Motors from $40.00 to $41.38 in a research report on Friday, December 29th. Finally, Royal Bank of Canada raised General Motors from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $52.00 in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. General Motors currently has an average rating of “Hold” and an average price target of $44.29.

TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2018/01/12/kcs-wealth-advisory-purchases-shares-of-16285-general-motors-gm.html.

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.

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GM) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.