General Motors (NYSE:GM) Shares Purchased by Foster & Motley Inc.

Foster & Motley Inc. raised its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 121.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 47,169 shares of the auto manufacturer’s stock after purchasing an additional 25,869 shares during the quarter. Foster & Motley Inc.’s holdings in General Motors were worth $2,115,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors in the third quarter valued at approximately $27,000. Wellington Shields Capital Management LLC acquired a new position in General Motors during the second quarter worth $28,000. Fortitude Family Office LLC raised its position in General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 225 shares in the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in General Motors in the first quarter valued at $30,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on shares of General Motors in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $53.00 price target on shares of General Motors in a research note on Tuesday, September 10th. Wells Fargo & Company raised their price objective on General Motors from $33.00 to $38.00 and gave the company an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Nomura Securities upgraded General Motors to a “strong sell” rating in a research report on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.92.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 2,302 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares in the company, valued at $489,942.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Rory Harvey sold 2,302 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 531,228 shares of company stock worth $28,267,714. 0.72% of the stock is owned by insiders.

General Motors Stock Up 2.5 %

Shares of NYSE:GM opened at $55.05 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a market cap of $60.53 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 0.39 and a beta of 1.40. The stock’s 50-day moving average price is $48.58 and its two-hundred day moving average price is $46.72. General Motors has a 12-month low of $26.30 and a 12-month high of $55.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same period last year, the company earned $2.28 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is currently 5.12%.

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.