General Motors (GM) Holdings Cut by Cetera Advisors LLC

Cetera Advisors LLC trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 10.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,072 shares of the auto manufacturer’s stock after selling 8,226 shares during the period. Cetera Advisors LLC’s holdings in General Motors were worth $2,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. YorkBridge Wealth Partners LLC raised 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 buying an additional 860 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of General Motors in the third quarter valued at about $119,000. Ffcm LLC raised 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 buying an additional 3,213 shares during the last quarter. Ropes Wealth Advisors LLC raised 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 buying 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. 73.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of General Motors (NYSE GM) opened at $41.53 on Wednesday. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The firm has a market cap of $59,188.40, a PE ratio of 6.73, a price-to-earnings-growth ratio of 0.72 and a beta of 1.54. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. equities research analysts anticipate that General Motors will post 6.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Thursday, December 7th. General Motors’s payout ratio is 77.95%.

In other news, President Daniel Ammann sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $40.19, for a total value of $1,607,600.00. Following the completion of the transaction, the president now owns 145,953 shares of the company’s stock, valued at $5,865,851.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.90, for a total transaction of $409,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 775,252 shares of company stock valued at $33,616,642. Insiders own 0.04% of the company’s stock.

A number of brokerages have recently commented on GM. Vetr cut shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 target price for the company. in a research report on Monday, December 4th. Cascend Securities cut shares of General Motors to a “buy” rating in a research report on Tuesday, December 5th. Barclays restated an “overweight” rating and set a $57.00 price objective (up from $55.00) on shares of General Motors in a research report on Friday, December 1st. Citigroup restated a “buy” rating and set a $53.00 price objective on shares of General Motors in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies set a $44.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.70.

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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.

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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