DGS Capital Management LLC Boosts Stock Holdings in General Motors (NYSE:GM)

DGS Capital Management LLC boosted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 17.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,542 shares of the auto manufacturer’s stock after purchasing an additional 7,076 shares during the quarter. General Motors comprises approximately 0.6% of DGS Capital Management LLC’s holdings, making the stock its 27th largest holding. DGS Capital Management LLC’s holdings in General Motors were worth $2,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in General Motors during the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors during the 3rd quarter worth approximately $27,000. Truvestments Capital LLC bought a new position in shares of General Motors during the 3rd quarter valued at approximately $27,000. Wellington Shields Capital Management LLC purchased a new position in shares of General Motors in the second quarter valued at $28,000. Finally, EdgeRock Capital LLC bought a new stake in General Motors in the second quarter worth $33,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM stock traded up $0.10 during mid-day trading on Friday, hitting $52.40. The stock had a trading volume of 1,251,119 shares, compared to its average volume of 14,691,981. The firm has a fifty day simple moving average of $52.86 and a 200 day simple moving average of $48.58. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24. The firm has a market capitalization of $57.62 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.39 and a beta of 1.42.

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 for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for 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%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.28 EPS. As a group, research analysts forecast that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

The firm 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.12%.

Insider Activity at General Motors

In related news, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction on 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 owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $459,787.13. This trade represents a 52.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by company insiders.

Analyst Ratings Changes

GM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 price target on shares of General Motors in a report on Tuesday, September 10th. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $46.00 to $54.00 in a report on Tuesday. Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.85.

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.