Wasatch Advisors Inc. Has $2.07 Million Stake in General Motors (GM)

Wasatch Advisors Inc. cut its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 23.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,517 shares of the auto manufacturer’s stock after selling 15,503 shares during the quarter. Wasatch Advisors Inc.’s holdings in General Motors were worth $2,071,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its holdings in shares of General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after acquiring an additional 860 shares during the period. Fieldpoint Private Securities LLC purchased a new position in General Motors during the 3rd quarter worth $119,000. Ropes Wealth Advisors LLC grew its stake in 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 buying an additional 3,248 shares during the last quarter. Fayez Sarofim & Co. purchased a new position in General Motors during the 3rd quarter worth $202,000. Finally, Capital Investment Advisory Services LLC purchased a new position in General Motors during the 3rd quarter worth $203,000. Institutional investors and hedge funds own 73.02% of the company’s stock.

Several brokerages recently weighed in on GM. Jefferies Group boosted their target price on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Citigroup restated a “buy” rating and set a $53.00 target price on shares of General Motors in a research note on Monday, October 2nd. Goldman Sachs Group downgraded General Motors from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $43.16 to $32.00 in a research note on Monday, October 30th. Finally, Guggenheim upgraded General Motors from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Monday, November 20th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors currently has an average rating of “Hold” and a consensus target price of $44.07.

Shares of General Motors (NYSE GM) opened at $43.15 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The firm has a market capitalization of $61,290.00, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.81 and a beta of 1.55. General Motors has a one year low of $31.92 and a one year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 EPS. equities research analysts forecast that General Motors will post 6.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders 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 yield of 3.52%. General Motors’s payout ratio is presently 32.90%.

In other news, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.49, for a total value of $11,810,226.42. Following the completion of the transaction, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at approximately $14,526,429.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 602,741 shares of company stock worth $26,678,072. Company insiders own 0.04% of the company’s stock.

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About General Motors

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

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