General Motors (GM) Holdings Cut by Unigestion Holding SA

Unigestion Holding SA cut its position in General Motors (NYSE:GM) (TSE:GMM.U) by 34.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 148,420 shares of the auto manufacturer’s stock after selling 77,974 shares during the quarter. Unigestion Holding SA’s holdings in General Motors were worth $4,997,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of General Motors by 28.4% during the second quarter. State of Alaska Department of Revenue now owns 210,019 shares of the auto manufacturer’s stock valued at $8,274,000 after purchasing an additional 46,440 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of General Motors during the second quarter valued at approximately $2,505,000. Daiwa SB Investments Ltd. purchased a new position in shares of General Motors during the second quarter valued at approximately $277,000. NN Investment Partners Holdings N.V. raised its holdings in shares of General Motors by 61.4% during the second quarter. NN Investment Partners Holdings N.V. now owns 15,064 shares of the auto manufacturer’s stock valued at $594,000 after purchasing an additional 5,729 shares during the last quarter. Finally, Nexus Investment Management Inc. purchased a new position in shares of General Motors during the second quarter valued at approximately $15,563,000. 73.90% of the stock is owned by institutional investors and hedge funds.

GM opened at $35.70 on Friday. The company has a market capitalization of $52.05 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 0.70 and a beta of 1.25. General Motors has a 1-year low of $30.56 and a 1-year high of $45.52. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.89 and a quick ratio of 0.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.62. The business had revenue of $35.79 billion during the quarter, compared to analyst estimates of $34.85 billion. General Motors had a net margin of 0.56% and a return on equity of 25.81%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.32 earnings per share. Equities research analysts anticipate that General Motors will post 6.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.26%. General Motors’s payout ratio is currently 22.96%.

Several brokerages recently issued reports on GM. Guggenheim restated a “buy” rating and set a $52.00 target price on shares of General Motors in a research report on Friday, July 20th. Piper Jaffray Companies set a $51.00 target price on shares of General Motors and gave the company a “buy” rating in a research report on Wednesday, July 25th. Citigroup cut their target price on shares of General Motors to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Royal Bank of Canada cut their target price on shares of General Motors from $53.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, July 26th. Finally, Buckingham Research cut their target price on shares of General Motors from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.38.

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General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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