General Motors (NYSE:GM) Shares Sold by Beacon Financial Group

Beacon Financial Group decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 64.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,492 shares of the auto manufacturer’s stock after selling 11,792 shares during the quarter. Beacon Financial Group’s holdings in General Motors were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in General Motors by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after buying an additional 3,560,717 shares in the last quarter. BlackRock Inc. boosted its stake in General Motors by 1.1% during the 2nd quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock valued at $2,750,849,000 after purchasing an additional 850,211 shares during the last quarter. Berkshire Hathaway Inc. boosted its stake in General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after purchasing an additional 10,000,000 shares during the last quarter. Capital World Investors boosted its stake in General Motors by 5.0% during the 2nd quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock valued at $1,094,259,000 after purchasing an additional 1,500,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of General Motors by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after buying an additional 331,621 shares during the last quarter. 73.01% of the stock is currently owned by institutional investors.

In other General Motors news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at $2,459,480.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nysschen Carel J. De sold 123,645 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the completion of the transaction, the executive vice president now directly owns 150,484 shares in the company, valued at $6,710,081.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 552,298 shares of company stock valued at $24,408,137. 0.04% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays reissued a “buy” rating and set a $61.00 target price on shares of General Motors in a report on Tuesday. Vetr cut shares of General Motors from a “hold” rating to a “sell” rating and set a $40.10 target price on the stock. in a report on Monday, January 1st. Evercore ISI upped their price target on shares of General Motors from $40.00 to $41.38 in a report on Friday, December 29th. Finally, Royal Bank of Canada raised shares of General Motors from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $51.00 to $52.00 in a report on Tuesday, December 19th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.80.

General Motors (NYSE GM) opened at $43.00 on Thursday. The company has a market cap of $61,080.00, a PE ratio of 9.31, a P/E/G ratio of 0.82 and a beta of 1.55. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. General Motors 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 quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. During the same period in the previous year, the company earned $1.72 EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. equities analysts predict that General Motors will post 6.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.53%. General Motors’s dividend payout ratio (DPR) is presently 32.90%.

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General Motors Company 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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