FDx Advisors Inc. lifted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,813 shares of the auto manufacturer’s stock after acquiring an additional 3,156 shares during the quarter. FDx Advisors Inc.’s holdings in General Motors were worth $2,738,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Intrust Bank NA lifted its holdings in General Motors by 0.3% during the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after buying an additional 25 shares in the last quarter. IFC Holdings Incorporated FL lifted its holdings in General Motors by 0.3% during the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after buying an additional 88 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in General Motors by 1.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 115 shares in the last quarter. Alpha Windward LLC lifted its holdings in General Motors by 2.3% during the 2nd quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock worth $194,000 after buying an additional 125 shares in the last quarter. Finally, Heritage Investors Management Corp lifted its holdings in General Motors by 0.3% during the 2nd quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock worth $1,735,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 74.65% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $43.99 target price on the stock in a report on Monday, November 6th. Instinet lowered shares of General Motors from a “buy” rating to a “neutral” rating and increased their target price for the stock from $42.90 to $43.00 in a report on Wednesday, November 1st. Nomura lowered shares of General Motors from a “buy” rating to a “hold” rating and increased their target price for the stock from $43.00 to $46.00 in a report on Wednesday, November 1st. Jefferies Group LLC increased their target price on shares of General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of General Motors from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $43.16 to $32.00 in a report on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $43.61.
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In other news, insider Alan S. Batey sold 8,144 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $35.57, for a total value of $289,682.08. Following the completion of the sale, the insider now owns 66,748 shares in the company, valued at approximately $2,374,226.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Daniel Ammann sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the completion of the sale, the president now owns 185,953 shares of the company’s stock, valued at approximately $7,066,214. The disclosure for this sale can be found here. In the last quarter, insiders have sold 979,266 shares of company stock valued at $40,917,634. 0.04% of the stock is owned by company insiders.
Shares of General Motors Company (NYSE GM) traded up $0.55 during trading hours on Friday, reaching $42.66. 14,102,001 shares of the company were exchanged, compared to its average volume of 13,583,509. The firm has a market cap of $60,594.60, a PE ratio of 6.89, a P/E/G ratio of 0.74 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors Company has a 12-month low of $31.92 and a 12-month high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. analysts anticipate that General Motors Company will post 6.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is currently 77.95%.
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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