General Motors (NYSE:GM) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 20.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,803 shares of the auto manufacturer’s stock after selling 3,228 shares during the period. Soltis Investment Advisors LLC’s holdings in General Motors were worth $682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in shares of General Motors by 17.8% during the 3rd quarter. CWM LLC now owns 57,583 shares of the auto manufacturer’s stock worth $2,582,000 after purchasing an additional 8,700 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of General Motors during the 3rd quarter worth approximately $389,000. Exchange Traded Concepts LLC raised its position in shares of General Motors by 5.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 198,188 shares of the auto manufacturer’s stock worth $8,887,000 after purchasing an additional 10,596 shares during the last quarter. CHICAGO TRUST Co NA raised its position in shares of General Motors by 22.0% during the 3rd quarter. CHICAGO TRUST Co NA now owns 15,206 shares of the auto manufacturer’s stock worth $682,000 after purchasing an additional 2,744 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of General Motors by 569.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,621 shares of the auto manufacturer’s stock worth $73,000 after purchasing an additional 1,379 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Down 1.8 %

Shares of General Motors stock opened at $46.53 on Tuesday. The company has a fifty day moving average price of $51.80 and a 200 day moving average price of $49.95. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $37.83 and a twelve month high of $61.24. The stock has a market cap of $46.29 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities research analysts forecast that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.03%. General Motors’s dividend payout ratio (DPR) is 7.80%.

Analysts Set New Price Targets

Several research analysts recently issued reports on GM shares. UBS Group lifted their price objective on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Sanford C. Bernstein lifted their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.28.

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.