General Motors (NYSE:GM) Shares Sold by Teewinot Capital Advisers L.L.C.

Teewinot Capital Advisers L.L.C. reduced its position in General Motors (NYSE:GM) (TSE:GMM.U) by 33.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 756,515 shares of the auto manufacturer’s stock after selling 380,554 shares during the period. General Motors accounts for about 3.5% of Teewinot Capital Advisers L.L.C.’s holdings, making the stock its 14th biggest holding. Teewinot Capital Advisers L.L.C.’s holdings in General Motors were worth $35,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GM. LifeSteps Financial Inc. acquired a new position in General Motors in the first quarter valued at $25,000. Wellington Shields Capital Management LLC acquired a new position in General Motors in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC raised its stake in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 225 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in General Motors during the 1st quarter worth approximately $30,000. Finally, YHB Investment Advisors Inc. acquired a new stake in General Motors during the 1st quarter worth approximately $32,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of GM opened at $46.48 on Monday. General Motors has a 12-month low of $26.30 and a 12-month high of $50.50. The stock has a market cap of $53.03 billion, a P/E ratio of 5.68, a PEG ratio of 0.56 and a beta of 1.43. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average of $46.02 and a two-hundred day moving average of $45.55.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.39. The firm had revenue of $47.97 billion during the quarter, compared to the consensus estimate of $45.13 billion. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 EPS. As a group, research analysts predict that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, September 6th. General Motors’s payout ratio is currently 5.87%.

General Motors declared that its Board of Directors has approved a stock repurchase program on Tuesday, June 11th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to buy up to 10.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price target on General Motors from $34.00 to $33.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $53.00 price objective on shares of General Motors in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a research note on Monday, August 5th. Finally, UBS Group raised their price objective on shares of General Motors from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, General Motors currently has an average rating of “Hold” and an average target price of $54.92.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 12,795 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total transaction of $627,210.90. Following the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other General Motors news, CFO Paul A. Jacobson bought 25,000 shares of General Motors stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the transaction, the chief financial officer now owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 12,795 shares of General Motors stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

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.