Deprince Race & Zollo Inc. Cuts Holdings in General Motors Company (GM)

Deprince Race & Zollo Inc. cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,613 shares of the auto manufacturer’s stock after selling 227,817 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in General Motors were worth $20,174,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. YorkBridge Wealth Partners LLC increased its position in shares of General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after acquiring an additional 860 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of General Motors during the first quarter worth about $106,000. FNY Managed Accounts LLC purchased a new stake in shares of General Motors during the first quarter worth about $107,000. State of Alaska Department of Revenue increased its position in shares of General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 310 shares during the last quarter. Finally, Ffcm LLC increased its position in shares of General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares during the last quarter. 74.51% of the stock is currently owned by institutional investors.

Shares of General Motors Company (GM) traded up $0.41 during midday trading on Thursday, hitting $43.27. The stock had a trading volume of 1,942,381 shares, compared to its average volume of 13,435,734. General Motors Company has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The firm has a market capitalization of $60,880.00, a P/E ratio of 6.95, a PEG ratio of 0.75 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 (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the previous year, the company earned $1.72 earnings per share. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. equities research analysts forecast that General Motors Company will post 6.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 3.51%. General Motors’s payout ratio is 32.90%.

In other General Motors news, President Daniel Ammann sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total value of $1,900,000.00. Following the transaction, the president now owns 185,953 shares of the company’s stock, valued at $7,066,214. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jane L. Mendillo purchased 1,440 shares of the company’s stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $34.86 per share, for a total transaction of $50,198.40. Following the acquisition, the director now directly owns 4,560 shares of the company’s stock, valued at approximately $158,961.60. The disclosure for this purchase can be found here. In the last three months, insiders have sold 971,122 shares of company stock worth $40,627,952. 0.04% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research report on Monday. Instinet lowered General Motors from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $42.90 to $43.00 in a research report on Wednesday, November 1st. Nomura lowered General Motors from a “buy” rating to a “hold” rating and lifted their target price for the stock from $43.00 to $46.00 in a research report on Wednesday, November 1st. Jefferies Group LLC lifted their target price on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group, Inc. (The) lowered 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 report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $43.61.

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

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