General Motors (NYSE:GM) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 44.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,984 shares of the auto manufacturer’s stock after selling 8,690 shares during the quarter. Marcum Wealth LLC’s holdings in General Motors were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. raised its stake in shares of General Motors by 72.0% during the second quarter. Oppenheimer & Co. Inc. now owns 53,239 shares of the auto manufacturer’s stock valued at $2,473,000 after purchasing an additional 22,295 shares during the period. Parallel Advisors LLC increased its stake in General Motors by 25.7% during the 2nd quarter. Parallel Advisors LLC now owns 14,369 shares of the auto manufacturer’s stock worth $668,000 after buying an additional 2,934 shares during the period. Rathbones Group PLC increased its stake in General Motors by 6.9% during the 2nd quarter. Rathbones Group PLC now owns 5,858 shares of the auto manufacturer’s stock worth $272,000 after buying an additional 380 shares during the period. Quantbot Technologies LP lifted its holdings in General Motors by 128.6% in the 2nd quarter. Quantbot Technologies LP now owns 63,241 shares of the auto manufacturer’s stock worth $2,938,000 after buying an additional 35,579 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in General Motors in the 2nd quarter valued at about $231,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GM has been the topic of a number of analyst reports. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Mizuho upped their target price on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada increased their target price on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Monday, December 16th. Finally, UBS Group raised their price objective 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 data from MarketBeat, General Motors presently has a consensus rating of “Hold” and a consensus price target of $59.58.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by company insiders.

General Motors Stock Performance

GM stock opened at $51.00 on Wednesday. The stock’s fifty day moving average is $53.83 and its two-hundred day moving average is $49.56. The stock has a market capitalization of $56.08 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24.

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

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 0.94%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s payout ratio 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.