Stamos Capital Partners L.P. Sells 4,700 Shares of General Motors (NYSE:GM)

Stamos Capital Partners L.P. lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,860 shares of the auto manufacturer’s stock after selling 4,700 shares during the quarter. Stamos Capital Partners L.P.’s holdings in General Motors were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Highlander Capital Management LLC bought a new position in General Motors in the 4th quarter worth about $27,000. Cape Investment Advisory Inc. boosted its stake in General Motors by 75.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 359 shares during the period. Sachetta LLC bought a new position in General Motors in the 4th quarter worth about $33,000. Bfsg LLC bought a new position in General Motors in the 4th quarter worth about $35,000. Finally, Tennessee Valley Asset Management Partners bought a new position in General Motors in the 4th quarter worth about $36,000. Institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 626,316 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the transaction, the chief executive officer now directly owns 1,198,648 shares of the company’s stock, valued at $52,093,242.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Mary T. Barra sold 626,316 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the transaction, the chief executive officer now directly owns 1,198,648 shares of the company’s stock, valued at $52,093,242.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $42.01, for a total value of $252,060.00. Following the transaction, the chief accounting officer now directly owns 15,507 shares in the company, valued at $651,449.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 818,038 shares of company stock valued at $35,592,299. 0.72% of the stock is currently owned by corporate insiders.

General Motors Trading Up 0.5 %

General Motors stock traded up $0.23 during trading hours on Friday, reaching $45.72. The company had a trading volume of 10,811,697 shares, compared to its average volume of 12,218,408. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. The company has a 50-day moving average price of $44.53 and a 200 day moving average price of $39.73. The firm has a market cap of $52.16 billion, a price-to-earnings ratio of 5.59, a P/E/G ratio of 0.53 and a beta of 1.46. General Motors has a 12-month low of $26.30 and a 12-month high of $46.17.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the company earned $2.21 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that General Motors will post 9.4 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is 5.87%.

Analysts Set New Price Targets

GM has been the subject of a number of research analyst reports. Mizuho lifted their price target on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their price target on General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Wedbush lifted their price target on General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their price target on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler lifted their price target on General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

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.