General Motors (NYSE:GM) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,055 shares of the auto manufacturer’s stock after selling 302 shares during the quarter. Procyon Advisors LLC’s holdings in General Motors were worth $1,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI purchased a new stake in shares of General Motors in the 2nd quarter valued at approximately $231,000. Mercer Global Advisors Inc. ADV raised its position in General Motors by 14.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 134,537 shares of the auto manufacturer’s stock valued at $6,251,000 after purchasing an additional 17,159 shares during the period. Waterloo Capital L.P. acquired a new position in General Motors during the second quarter worth $244,000. Intech Investment Management LLC boosted its position in shares of General Motors by 2.5% during the second quarter. Intech Investment Management LLC now owns 1,160,892 shares of the auto manufacturer’s stock worth $53,935,000 after buying an additional 28,688 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of General Motors by 8.7% in the second quarter. Ieq Capital LLC now owns 102,596 shares of the auto manufacturer’s stock valued at $4,767,000 after buying an additional 8,211 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 49.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the 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 directly owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by insiders.

General Motors Stock Down 1.8 %

Shares of NYSE:GM opened at $50.90 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The firm has a 50 day simple moving average of $53.69 and a 200-day simple moving average of $49.59. The company has a market capitalization of $55.97 billion, a PE ratio of 5.43, a P/E/G ratio of 0.36 and a beta of 1.42. General Motors has a twelve month low of $34.32 and a twelve month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. General Motors’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities analysts predict that General Motors will post 10.34 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price objective on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Hold” and an average price target of $59.68.

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.