Exxonmobil Investment Management Inc. TX decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,266 shares of the auto manufacturer’s stock after selling 36,230 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in General Motors were worth $8,332,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its position in shares of General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of General Motors during the 3rd quarter worth about $119,000. Ropes Wealth Advisors LLC increased its position in shares of General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after purchasing an additional 3,248 shares in the last quarter. Fayez Sarofim & Co. acquired a new stake in shares of General Motors during the 3rd quarter worth about $202,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in shares of General Motors during the 3rd quarter worth about $203,000. Institutional investors own 73.01% of the company’s stock.
A number of brokerages recently issued reports on GM. UBS Group reiterated a “buy” rating and set a $50.00 target price (up previously from $39.00) on shares of General Motors in a research report on Wednesday, October 11th. 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. Craig Hallum set a $45.00 target price on shares of General Motors and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Royal Bank of Canada upgraded shares of General Motors from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, December 19th. Finally, Piper Jaffray Companies set a $51.00 target price on shares of General Motors and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $43.80.
Shares of General Motors (NYSE:GM) opened at $44.05 on Wednesday. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. 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 company has a market cap of $62,570.00, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.82 and a beta of 1.55.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $29.93 billion. During the same quarter in the prior year, the firm earned $1.72 EPS. The company’s revenue was down 16.6% on a year-over-year basis. equities analysts forecast that General Motors will post 6.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Friday, December 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is presently 32.90%.
In other news, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.08, for a total value of $2,173,084.44. Following the transaction, the insider now owns 57,091 shares of the company’s stock, valued at approximately $2,459,480.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stefan Jacoby sold 37,961 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the completion of the transaction, the executive vice president now directly owns 98,340 shares in the company, valued at approximately $4,215,835.80. The disclosure for this sale can be found here. Insiders sold a total of 552,298 shares of company stock worth $24,408,137 in the last ninety days. Insiders own 0.04% of the company’s stock.
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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.
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