Meiji Yasuda Asset Management Co Ltd. reduced its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,092 shares of the auto manufacturer’s stock after selling 2,650 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in General Motors were worth $1,700,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of GM. YorkBridge Wealth Partners LLC grew its position in shares of General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after purchasing an additional 310 shares during the last quarter. Ffcm LLC grew its position in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 3,213 shares during the last quarter. Ropes Wealth Advisors LLC grew its position in shares of General Motors by 240.2% in the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after purchasing an additional 3,248 shares during the last quarter. Finally, Fayez Sarofim & Co. acquired a new stake in shares of General Motors in the third quarter valued at about $202,000. 73.50% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. Guggenheim raised General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday. Deutsche Bank AG reaffirmed a “buy” rating on shares of General Motors in a research report on Friday, November 17th. Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target on the stock. in a research report on Monday, November 13th. Instinet downgraded General Motors from a “buy” rating to a “neutral” rating and raised their price target for the company from $42.90 to $43.00 in a research report on Wednesday, November 1st. Finally, Nomura downgraded General Motors from a “buy” rating to a “hold” rating and raised their price target for the company from $43.00 to $46.00 in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.61.
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In other news, insider Alicia S. Boler-Davis sold 10,000 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $45.00, for a total value of $450,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The disclosure for this sale can be found here. Insiders have sold a total of 971,122 shares of company stock valued at $40,627,952 in the last ninety days. Company insiders own 0.04% of the company’s stock.
Shares of General Motors Company (GM) traded down $0.49 during trading on Wednesday, hitting $44.48. 1,982,385 shares of the company were exchanged, compared to its average volume of 13,414,587. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $63,747.92, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.78 and a beta of 1.56. General Motors Company has a fifty-two week low of $31.92 and a fifty-two week high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the previous year, the business earned $1.72 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. equities analysts anticipate that General Motors Company will post 6.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio is presently 77.95%.
General Motors Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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