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

Sequoia Financial Advisors LLC lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,714 shares of the auto manufacturer’s stock after selling 7,255 shares during the period. Sequoia Financial Advisors LLC’s holdings in General Motors were worth $2,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC acquired a new position in General Motors during the 4th quarter worth approximately $25,000. Crews Bank & Trust purchased a new stake in General Motors in the 4th quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new stake in General Motors in the 3rd quarter valued at approximately $27,000. Compass Planning Associates Inc purchased a new stake in General Motors in the 4th quarter valued at approximately $27,000. Finally, Duncker Streett & Co. Inc. lifted its stake in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 498 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

General Motors Stock Performance

Shares of NYSE GM opened at $48.34 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm’s 50-day moving average price is $49.23 and its two-hundred day moving average price is $50.46. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market capitalization of $48.10 billion, a P/E ratio of 7.86, a P/E/G ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its board has initiated a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. General Motors’s dividend payout ratio is presently 7.80%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group set a $73.00 price target on General Motors in a research note on Saturday, March 1st. Cowen began coverage on General Motors in a report on Thursday, March 6th. They issued a “buy” rating for the company. TD Cowen began coverage on General Motors in a research note on Friday, March 7th. They set a “buy” rating and a $105.00 target price for the company. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.89.

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.