Capital Investment Advisory Services LLC Sells 4,857 Shares of General Motors (NYSE:GM)

Capital Investment Advisory Services LLC reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 15.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,775 shares of the auto manufacturer’s stock after selling 4,857 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in General Motors were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. SouthState Corp boosted its holdings in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 485 shares during the period. Highlander Capital Management LLC bought a new stake in General Motors in the 4th quarter valued at $27,000. BluePath Capital Management LLC bought a new stake in General Motors in the 3rd quarter valued at $33,000. Tennessee Valley Asset Management Partners bought a new stake in General Motors in the 4th quarter valued at $36,000. Finally, Venturi Wealth Management LLC boosted its holdings in General Motors by 74.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 525 shares during the period. 92.67% of the stock is owned by institutional investors.

General Motors Stock Up 2.1 %

Shares of NYSE GM opened at $43.25 on Tuesday. The firm’s 50-day moving average is $41.73 and its 200-day moving average is $35.96. General Motors has a 1 year low of $26.30 and a 1 year high of $46.04. The firm has a market capitalization of $49.93 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business had revenue of $42.98 billion for the quarter, compared to analyst estimates of $38.81 billion. During the same quarter last year, the firm earned $2.12 EPS. General Motors’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts expect that General Motors will post 9.12 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.11%. General Motors’s dividend payout ratio (DPR) is currently 6.57%.

Insiders Place Their Bets

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at $860,710.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at $3,348,562.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,248 shares of company stock worth $3,614,078. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

GM has been the subject of a number of research reports. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, January 4th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Wedbush increased their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley increased their price objective on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

General Motors Profile

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.