KG&L Capital Management LLC Boosts Stake in General Motors (NYSE:GM)

KG&L Capital Management LLC increased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 32.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,460 shares of the auto manufacturer’s stock after buying an additional 1,820 shares during the period. KG&L Capital Management LLC’s holdings in General Motors were worth $279,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. AGF Investments LLC lifted its position in shares of General Motors by 28.0% in the second quarter. AGF Investments LLC now owns 1,183 shares of the auto manufacturer’s stock worth $46,000 after buying an additional 259 shares in the last quarter. Milestone Group Inc. lifted its position in shares of General Motors by 4.1% in the second quarter. Milestone Group Inc. now owns 7,350 shares of the auto manufacturer’s stock worth $283,000 after buying an additional 291 shares in the last quarter. Western Wealth Management LLC raised its position in General Motors by 4.5% during the second quarter. Western Wealth Management LLC now owns 6,794 shares of the auto manufacturer’s stock valued at $261,000 after purchasing an additional 294 shares during the period. RPg Family Wealth Advisory LLC raised its position in General Motors by 6.3% during the first quarter. RPg Family Wealth Advisory LLC now owns 5,054 shares of the auto manufacturer’s stock valued at $188,000 after purchasing an additional 300 shares during the period. Finally, Rothschild Investment Corp IL raised its position in General Motors by 1.1% during the second quarter. Rothschild Investment Corp IL now owns 27,967 shares of the auto manufacturer’s stock valued at $1,078,000 after purchasing an additional 300 shares during the period. Institutional investors own 76.79% of the company’s stock.

A number of brokerages have issued reports on GM. Buckingham Research set a $35.00 price objective on General Motors and gave the company a “hold” rating in a research report on Monday, September 23rd. Morgan Stanley set a $46.00 price objective on General Motors and gave the company a “buy” rating in a research report on Tuesday, September 17th. ValuEngine downgraded General Motors from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Barclays decreased their price objective on General Motors from $51.00 to $48.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, UBS Group upped their price objective on General Motors from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. General Motors currently has a consensus rating of “Buy” and a consensus target price of $46.62.

In other news, EVP Matthew Tsien sold 16,933 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $39.50, for a total transaction of $668,853.50. Following the transaction, the executive vice president now owns 18,533 shares of the company’s stock, valued at $732,053.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Mark L. Reuss sold 275,944 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $40.03, for a total value of $11,046,038.32. Following the transaction, the president now directly owns 479,413 shares in the company, valued at approximately $19,190,902.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,944 shares of company stock worth $14,996,038. Insiders own 0.51% of the company’s stock.

Shares of GM traded up $0.90 during mid-day trading on Friday, reaching $35.56. 811,871 shares of the company’s stock traded hands, compared to its average volume of 9,451,332. The stock has a market cap of $48.37 billion, a P/E ratio of 5.44, a P/E/G ratio of 0.47 and a beta of 1.40. The stock’s 50-day moving average is $37.03 and its two-hundred day moving average is $37.74. General Motors has a 12 month low of $30.56 and a 12 month high of $41.90. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.96 and a quick ratio of 0.83.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.21. The firm had revenue of $36.06 billion for the quarter, compared to analysts’ expectations of $36.03 billion. General Motors had a return on equity of 21.08% and a net margin of 6.31%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Research analysts predict that General Motors will post 6.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.27%. General Motors’s dividend payout ratio is 23.24%.

About General Motors

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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