Neumann Capital Management LLC Buys 250 Shares of General Motors (NYSE:GM)

Neumann Capital Management LLC raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,600 shares of the auto manufacturer’s stock after buying an additional 250 shares during the quarter. General Motors makes up about 0.9% of Neumann Capital Management LLC’s holdings, making the stock its 28th largest holding. Neumann Capital Management LLC’s holdings in General Motors were worth $2,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its position in General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock valued at $412,000 after buying an additional 205 shares during the period. Avestar Capital LLC grew its position in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after acquiring an additional 213 shares during the period. Continuum Advisory LLC increased its stake in shares of General Motors by 7.9% in the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock worth $131,000 after purchasing an additional 213 shares in the last quarter. Metis Global Partners LLC raised its holdings in General Motors by 0.6% in the 3rd quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock worth $1,625,000 after purchasing an additional 230 shares during the period. Finally, Centaurus Financial Inc. lifted its position in General Motors by 2.1% during the second quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer’s stock valued at $540,000 after purchasing an additional 238 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Trading Up 3.0 %

GM opened at $54.32 on Friday. The stock has a 50-day moving average of $53.30 and a 200 day moving average of $49.76. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a 12 month low of $34.56 and a 12 month high of $61.24. The firm has a market cap of $59.73 billion, a P/E ratio of 5.79, a P/E/G ratio of 0.38 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter in the previous year, the business earned $2.28 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts forecast that General Motors will post 10.34 EPS for the current year.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the transaction, the executive vice president now owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GM. The Goldman Sachs Group boosted their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their price objective for the company from $56.00 to $60.00 in a research report on Tuesday. Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.05.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.