General Motors (NYSE:GM) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,147 shares of the auto manufacturer’s stock after selling 221 shares during the period. RMR Wealth Builders’ holdings in General Motors were worth $1,340,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec raised its stake in General Motors by 972.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer’s stock valued at $94,300,000 after acquiring an additional 1,906,964 shares in the last quarter. Jennison Associates LLC raised its stake in shares of General Motors by 123.1% during the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer’s stock valued at $144,655,000 after purchasing an additional 1,779,897 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in General Motors by 581.4% in the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock worth $71,827,000 after purchasing an additional 1,366,768 shares during the period. National Bank of Canada FI grew its position in General Motors by 158.8% in the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer’s stock valued at $97,374,000 after buying an additional 1,332,450 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in General Motors by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after buying an additional 1,091,137 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Monday, December 16th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Royal Bank of Canada raised their target price on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.58.

Insider Buying and Selling

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the sale, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,030,475 shares of company stock valued at $56,509,286. Company insiders own 0.72% of the company’s stock.

General Motors Trading Down 2.3 %

NYSE:GM traded down $1.15 on Friday, hitting $49.85. 7,546,735 shares of the stock were exchanged, compared to its average volume of 8,788,361. The company’s 50-day moving average price is $53.95 and its 200 day moving average price is $49.44. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24. The stock has a market capitalization of $54.81 billion, a price-to-earnings ratio of 5.31, a P/E/G ratio of 0.40 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the prior year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a $0.12 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.96%. General Motors’s dividend payout ratio is currently 5.12%.

About General Motors

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.