OneDigital Investment Advisors LLC Has $584,000 Stock Position in General Motors (NYSE:GM)

OneDigital Investment Advisors LLC lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 16.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,021 shares of the auto manufacturer’s stock after selling 2,657 shares during the period. OneDigital Investment Advisors LLC’s holdings in General Motors were worth $584,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in General Motors by 129.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 75,840 shares of the auto manufacturer’s stock valued at $3,439,000 after purchasing an additional 42,730 shares during the period. Bessemer Group Inc. lifted its stake in shares of General Motors by 309.2% in the first quarter. Bessemer Group Inc. now owns 54,882 shares of the auto manufacturer’s stock worth $2,489,000 after acquiring an additional 41,470 shares during the period. Lake Street Advisors Group LLC bought a new stake in General Motors in the first quarter valued at approximately $261,000. Crewe Advisors LLC acquired a new stake in General Motors during the 1st quarter valued at approximately $63,000. Finally, Shell Asset Management Co. raised its holdings in General Motors by 27.5% during the 1st quarter. Shell Asset Management Co. now owns 35,863 shares of the auto manufacturer’s stock worth $1,626,000 after purchasing an additional 7,728 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

NYSE GM opened at $54.88 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market capitalization of $60.35 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. General Motors has a 52-week low of $27.70 and a 52-week high of $59.39. The company has a 50-day simple moving average of $50.31 and a 200 day simple moving average of $47.53.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating 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 business had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. General Motors’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts predict that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the transaction, the executive vice president now owns 10,356 shares of the company’s stock, valued at $489,942.36. The trade was a 18.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated 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 approximately $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,036,653 shares of company stock worth $56,710,175 over the last quarter. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley cut shares of General Motors from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $47.00 to $42.00 in a research report on Wednesday, September 25th. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Friday, October 11th. UBS Group boosted their price target on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada raised their target price on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.92.

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.