General Motors (NYSE:GM) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 31.5% in the second quarter, HoldingsChannel reports. The firm owned 162,860 shares of the auto manufacturer’s stock after selling 74,790 shares during the period. Twin Capital Management Inc.’s holdings in General Motors were worth $6,275,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GM. Trust Co. of Vermont boosted its stake in shares of General Motors by 101.2% during the 2nd quarter. Trust Co. of Vermont now owns 666 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 335 shares during the period. Webster Bank N. A. raised its holdings in shares of General Motors by 253.5% during the 2nd quarter. Webster Bank N. A. now owns 700 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 502 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of General Motors during the 1st quarter valued at $35,000. Truvestments Capital LLC bought a new position in shares of General Motors during the 1st quarter valued at $37,000. Finally, Bremer Bank National Association bought a new position in shares of General Motors during the 1st quarter valued at $37,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

GM traded down $0.72 during trading on Thursday, hitting $36.47. The stock had a trading volume of 278,921 shares, compared to its average volume of 7,916,645. The stock has a market capitalization of $52.58 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.64 and a beta of 1.39. General Motors has a 12 month low of $30.56 and a 12 month high of $41.90. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 1.56. The company has a 50 day simple moving average of $39.29.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.43 by $0.21. General Motors had a net margin of 6.31% and a return on equity of 21.08%. The firm had revenue of $36.06 billion for the quarter, compared to the consensus estimate of $36.03 billion. During the same quarter last year, the firm posted $1.81 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts forecast that General Motors will post 6.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. General Motors’s payout ratio is 23.24%.

In other news, President Mark L. Reuss sold 275,944 shares of General Motors stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $40.03, for a total transaction of $11,046,038.32. Following the sale, the president now directly owns 479,413 shares in the company, valued at approximately $19,190,902.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.51% of the company’s stock.

A number of research firms have recently weighed in on GM. Royal Bank of Canada raised their price target on shares of General Motors to $52.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of General Motors in a report on Wednesday, June 26th. They set an “outperform” rating and a $48.00 price target on the stock. Citigroup raised their price target on shares of General Motors from $67.00 to $68.00 and gave the company a “buy” rating in a report on Friday, August 2nd. ValuEngine downgraded shares of General Motors from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Morgan Stanley set a $46.00 price target on shares of General Motors and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.62.

General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. 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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