General Motors (NYSE:GM) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. cut its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 35.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,075 shares of the auto manufacturer’s stock after selling 2,223 shares during the period. Cutter & CO Brokerage Inc.’s holdings in General Motors were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in General Motors during the fourth quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new position in General Motors during the third quarter worth about $27,000. Truvestments Capital LLC acquired a new position in General Motors in the 3rd quarter valued at about $27,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of General Motors in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GM. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, General Motors has a consensus rating of “Hold” and an average target price of $59.71.

Insider Buying and Selling

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 stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

Shares of NYSE GM opened at $48.39 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market cap of $48.14 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The stock’s 50-day moving average is $50.45 and its two-hundred day moving average is $50.33. General Motors has a 1-year low of $38.94 and a 1-year high of $61.24.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.99%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

General Motors announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.