5,332 Shares in General Motors (NYSE:GM) Bought by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,332 shares of the auto manufacturer’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised its position in shares of General Motors by 35.6% during the third quarter. GHP Investment Advisors Inc. now owns 1,827 shares of the auto manufacturer’s stock worth $82,000 after acquiring an additional 480 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of General Motors by 8.4% in the 1st quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after purchasing an additional 492,693 shares during the period. BDF Gestion acquired a new position in shares of General Motors in the 2nd quarter worth approximately $2,886,000. Atomi Financial Group Inc. bought a new stake in shares of General Motors in the 1st quarter valued at $244,000. Finally, Cetera Investment Advisers increased its position in shares of General Motors by 98.5% during the first quarter. Cetera Investment Advisers now owns 330,611 shares of the auto manufacturer’s stock worth $14,993,000 after buying an additional 164,083 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on GM shares. JPMorgan Chase & Co. upped their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Nomura Securities raised General Motors to a “strong sell” rating in a research note on Monday, August 5th. Sanford C. Bernstein boosted their price target on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Barclays raised their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors currently has an average rating of “Hold” and a consensus price target of $56.92.

General Motors Stock Down 1.7 %

General Motors stock traded down $0.90 during trading on Thursday, hitting $51.07. 2,935,712 shares of the company were exchanged, compared to its average volume of 15,022,187. The company has a market capitalization of $56.16 billion, a P/E ratio of 5.54, a PEG ratio of 0.60 and a beta of 1.42. The business’s 50 day moving average is $48.17 and its 200 day moving average is $46.37. General Motors has a 52 week low of $26.30 and a 52 week high of $54.29. The company has a current ratio of 1.21, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24.

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, 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 firm had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the business posted $2.28 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Analysts predict that General Motors will post 10.05 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. General Motors’s dividend payout ratio is currently 5.12%.

Insider Transactions at General Motors

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

General Motors 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.