World Investment Advisors LLC Invests $237,000 in General Motors (NYSE:GM)

World Investment Advisors LLC purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,294 shares of the auto manufacturer’s stock, valued at approximately $237,000.

Several other hedge funds also recently modified their holdings of GM. Chicago Partners Investment Group LLC boosted its stake in shares of General Motors by 15.9% during the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer’s stock valued at $510,000 after purchasing an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in General Motors by 12.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer’s stock valued at $73,070,000 after buying an additional 175,860 shares during the last quarter. Foster & Motley Inc. boosted its position in General Motors by 121.5% during the 3rd quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer’s stock worth $2,115,000 after buying an additional 25,869 shares during the period. Stoneridge Investment Partners LLC grew its holdings in General Motors by 115.1% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer’s stock worth $8,001,000 after acquiring an additional 95,484 shares during the last quarter. Finally, Olstein Capital Management L.P. increased its position in General Motors by 14.9% in the 3rd quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer’s stock valued at $7,264,000 after acquiring an additional 21,000 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In related news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rory Harvey sold 9,307 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $459,787.13. This trade represents a 52.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,030,475 shares of company stock worth $56,509,286 over the last three months. 0.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DZ Bank cut shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $53.00 price target on shares of General Motors in a research report on Tuesday, September 10th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wolfe Research began coverage on General Motors in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, UBS Group raised their price target on shares of General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.70.

General Motors Stock Performance

Shares of General Motors stock opened at $50.34 on Friday. The business has a 50-day simple moving average of $53.32 and a 200 day simple moving average of $48.84. The firm has a market capitalization of $55.35 billion, a price-to-earnings ratio of 5.37, a PEG ratio of 0.39 and a beta of 1.42. 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 has a one year low of $34.32 and a one year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same period in the prior year, the firm earned $2.28 earnings per share. General Motors’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts anticipate that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.12%.

About General Motors

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.