Dynamic Advisors Solutions LLC cut its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,009 shares of the auto manufacturer’s stock after selling 2,358 shares during the period. Dynamic Advisors Solutions LLC’s holdings in General Motors were worth $2,050,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Fieldpoint Private Securities LLC purchased a new stake in shares of General Motors in the 3rd quarter worth $119,000. Cerebellum GP LLC purchased a new stake in shares of General Motors in the 4th quarter worth $123,000. Independence Bank of Kentucky purchased a new stake in shares of General Motors in the 4th quarter worth $129,000. Stumpf Capital Management LLC purchased a new stake in shares of General Motors in the 4th quarter worth $131,000. Finally, Hoertkorn Richard Charles purchased a new stake in shares of General Motors in the 4th quarter worth $135,000. Institutional investors and hedge funds own 73.61% of the company’s stock.
General Motors (NYSE GM) opened at $38.01 on Wednesday. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a market cap of $53,077.12, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.72 and a beta of 1.60. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is presently -52.59%.
In related news, insider Mark L. Reuss sold 30,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $43.09, for a total value of $1,292,700.00. Following the completion of the transaction, the insider now owns 103,052 shares of the company’s stock, valued at approximately $4,440,510.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the completion of the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,569,095. The disclosure for this sale can be found here. Insiders have sold a total of 40,289,848 shares of company stock valued at $1,600,694,061 in the last three months. Insiders own 0.04% of the company’s stock.
Several equities research analysts have recently commented on the company. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.25 price objective for the company. in a research note on Tuesday, February 27th. Goldman Sachs Group set a $33.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Tuesday, February 6th. Royal Bank of Canada upgraded General Motors from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday, December 19th. Barclays restated a “buy” rating and issued a $60.00 price objective on shares of General Motors in a research note on Sunday, January 21st. Finally, Bank of America upped their price objective on General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $44.75.
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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.
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