General Motors (NYSE:GM) Stock Holdings Lifted by Neumann Capital Management LLC

Neumann Capital Management LLC lifted its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,350 shares of the auto manufacturer’s stock after buying an additional 600 shares during the period. Neumann Capital Management LLC’s holdings in General Motors were worth $2,303,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital World Investors grew its position in shares of General Motors by 14.6% during the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock worth $2,211,609,000 after acquiring an additional 6,201,777 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of General Motors by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer’s stock valued at $601,730,000 after purchasing an additional 135,717 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of General Motors by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after purchasing an additional 1,091,137 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of General Motors by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer’s stock valued at $498,310,000 after buying an additional 421,989 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of General Motors by 2.6% during the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer’s stock worth $411,052,000 after buying an additional 223,260 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 0.1 %

Shares of NYSE:GM opened at $57.63 on Friday. The firm has a 50 day simple moving average of $49.33 and a 200 day simple moving average of $47.13. General Motors has a 52 week low of $27.42 and a 52 week high of $59.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market cap of $63.37 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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. 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 during the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, research analysts expect that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.83%. General Motors’s dividend payout ratio is 5.12%.

Wall Street Analysts Forecast Growth

GM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $53.00 price target on shares of General Motors in a research note on Tuesday, September 10th. Wolfe Research began coverage on shares of General Motors in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a research report on Monday, August 5th. Sanford C. Bernstein increased their price objective on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Finally, Barclays boosted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, General Motors has an average rating of “Hold” and a consensus price target of $56.92.

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 completion of the sale, the executive vice president now owns 10,356 shares of the company’s stock, valued at approximately $489,942.36. This trade represents a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 653,511 shares of company stock valued at $35,012,844 over the last three months. 0.72% of the stock is owned by corporate insiders.

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.