General Motors (NYSE:GM) Shares Sold by Florida Financial Advisors LLC

Florida Financial Advisors LLC trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 23.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,300 shares of the auto manufacturer’s stock after selling 2,216 shares during the quarter. Florida Financial Advisors LLC’s holdings in General Motors were worth $389,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in General Motors by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,193 shares of the auto manufacturer’s stock valued at $2,340,000 after acquiring an additional 539 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of General Motors by 54.1% in the third quarter. Advisors Asset Management Inc. now owns 7,075 shares of the auto manufacturer’s stock valued at $317,000 after purchasing an additional 2,484 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in General Motors during the third quarter worth approximately $1,998,000. Nwam LLC acquired a new position in General Motors during the third quarter worth $247,000. Finally, Great Valley Advisor Group Inc. grew its holdings in General Motors by 12.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 17,269 shares of the auto manufacturer’s stock valued at $774,000 after buying an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 3.3 %

GM stock opened at $51.47 on Tuesday. The stock has a market capitalization of $51.21 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. General Motors has a one year low of $38.96 and a one year high of $61.24. The company has a fifty day moving average of $49.05 and a 200-day moving average of $50.51. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a $0.12 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. General Motors’s payout ratio is 7.80%.

General Motors declared that its board has authorized a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

GM has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Mizuho upped their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, TD Cowen began coverage on shares of General Motors in a research note on Friday, March 7th. They issued a “buy” rating and a $105.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.06.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by corporate insiders.

General Motors Company 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.