Brookstone Capital Management Sells 7,022 Shares of General Motors (NYSE:GM)

Brookstone Capital Management cut its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,314 shares of the auto manufacturer’s stock after selling 7,022 shares during the quarter. Brookstone Capital Management’s holdings in General Motors were worth $8,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GM. Czech National Bank increased its holdings in General Motors by 4.1% in the 4th quarter. Czech National Bank now owns 238,415 shares of the auto manufacturer’s stock worth $12,700,000 after buying an additional 9,461 shares in the last quarter. Hilltop National Bank increased its holdings in General Motors by 6.9% in the 4th quarter. Hilltop National Bank now owns 3,876 shares of the auto manufacturer’s stock worth $206,000 after buying an additional 249 shares in the last quarter. Range Financial Group LLC bought a new stake in General Motors in the 4th quarter worth about $1,669,000. Fortem Financial Group LLC increased its holdings in General Motors by 2.4% in the 4th quarter. Fortem Financial Group LLC now owns 27,322 shares of the auto manufacturer’s stock worth $1,455,000 after buying an additional 630 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in General Motors by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 18,200 shares of the auto manufacturer’s stock worth $970,000 after buying an additional 2,672 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GM shares. The Goldman Sachs Group lifted their price objective on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. UBS Group boosted their price target on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. 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. Finally, Royal Bank of Canada boosted their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.58.

General Motors Stock Up 0.1 %

NYSE GM opened at $49.88 on Tuesday. The stock’s 50 day moving average is $53.89 and its 200 day moving average is $49.53. 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 12 month low of $34.32 and a 12 month high of $61.24. The stock has a market cap of $54.85 billion, a PE ratio of 5.32, a P/E/G ratio of 0.40 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the previous year, the firm earned $2.28 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Research analysts predict that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s payout ratio is 5.12%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last quarter. 0.72% of the stock is currently owned by insiders.

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.