Cambridge Investment Research Advisors Inc. Trims Holdings in General Motors (GM)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 38.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,027 shares of the auto manufacturer’s stock after selling 93,184 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in General Motors were worth $5,525,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GM. Franklin Resources Inc. lifted its holdings in General Motors by 26.7% during the 4th quarter. Franklin Resources Inc. now owns 21,868,641 shares of the auto manufacturer’s stock worth $896,398,000 after buying an additional 4,611,023 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in General Motors by 154.4% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,923,200 shares of the auto manufacturer’s stock worth $242,792,000 after buying an additional 3,594,700 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in General Motors by 171.3% during the 4th quarter. Renaissance Technologies LLC now owns 5,310,000 shares of the auto manufacturer’s stock worth $217,657,000 after buying an additional 3,352,900 shares in the last quarter. Millennium Management LLC lifted its holdings in General Motors by 78.1% during the 4th quarter. Millennium Management LLC now owns 6,810,691 shares of the auto manufacturer’s stock worth $279,170,000 after buying an additional 2,986,293 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in General Motors by 4,992.3% during the 4th quarter. SG Americas Securities LLC now owns 2,962,746 shares of the auto manufacturer’s stock worth $121,443,000 after buying an additional 2,904,565 shares in the last quarter. Institutional investors own 73.09% of the company’s stock.

In other General Motors news, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total transaction of $1,588,400,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Charles K. Stevens III sold 35,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the transaction, the insider now directly owns 67,741 shares in the company, valued at $2,445,450.10. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

NYSE GM opened at $38.09 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $53.26 billion, a P/E ratio of 5.75, a P/E/G ratio of 1.08 and a beta of 1.61. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.19. The firm had revenue of $36.10 billion for the quarter, compared to the consensus estimate of $34.67 billion. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. The company’s revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm posted $1.70 EPS. research analysts forecast that General Motors will post 6.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, June 7th. General Motors’s dividend payout ratio (DPR) is 22.96%.

GM has been the topic of a number of analyst reports. TheStreet upgraded shares of General Motors from a “c+” rating to a “b” rating in a report on Friday, April 27th. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, February 14th. Bank of America raised their price objective on shares of General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada set a $52.00 price objective on shares of General Motors and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Vetr lowered shares of General Motors from a “strong-buy” rating to a “buy” rating and set a $41.50 price objective on the stock. in a report on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.43.

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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