General Motors (NYSE:GM) Shares Sold by Graypoint LLC

Graypoint LLC decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 4.1% during the 4th quarter, HoldingsChannel reports. The fund owned 9,409 shares of the auto manufacturer’s stock after selling 401 shares during the quarter. Graypoint LLC’s holdings in General Motors were worth $501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors in the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in General Motors during the 3rd quarter worth approximately $27,000. Fairscale Capital LLC acquired a new position in shares of General Motors in the 2nd quarter worth approximately $36,000. Finally, Eastern Bank bought a new stake in shares of General Motors in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

GM opened at $49.85 on Friday. General Motors has a 1-year low of $34.32 and a 1-year high of $61.24. The company has a market capitalization of $54.81 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. The business has a 50 day moving average price of $53.93 and a two-hundred day moving average price of $49.47. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter last year, the business posted $2.28 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Research analysts predict that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio is presently 5.12%.

Insider Buying and Selling

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 9,307 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $459,787.13. This represents a 52.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,030,475 shares of company stock worth $56,509,286. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, December 16th. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Mizuho lifted their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. increased their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, General Motors presently has an average rating of “Hold” and an average price target of $59.58.

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.