General Motors (NYSE:GM) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 7.9% during the fourth quarter, HoldingsChannel reports. The firm owned 4,832 shares of the auto manufacturer’s stock after selling 412 shares during the period. CWA Asset Management Group LLC’s holdings in General Motors were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Private Advisor Group LLC lifted its holdings in shares of General Motors by 0.6% in the 2nd quarter. Private Advisor Group LLC now owns 69,514 shares of the auto manufacturer’s stock valued at $3,230,000 after buying an additional 439 shares during the period. Andra AP fonden acquired a new stake in shares of General Motors in the 2nd quarter worth approximately $4,929,000. Daiwa Securities Group Inc. increased its stake in General Motors by 2.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 168,469 shares of the auto manufacturer’s stock valued at $7,827,000 after purchasing an additional 3,419 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in General Motors by 5.2% during the second quarter. Coldstream Capital Management Inc. now owns 16,068 shares of the auto manufacturer’s stock worth $747,000 after purchasing an additional 792 shares during the last quarter. Finally, Angeles Wealth Management LLC purchased a new stake in General Motors during the second quarter worth $230,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the company’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 directly owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This represents a 42.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,030,475 shares of company stock worth $56,509,286 over the last 90 days. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on GM shares. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research report on Friday, October 11th. The Goldman Sachs Group upped their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wedbush lifted their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Mizuho lifted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.58.

General Motors Stock Performance

General Motors stock opened at $50.98 on Friday. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The stock has a market cap of $56.06 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. The stock has a 50 day moving average of $53.95 and a 200-day moving average of $49.44.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

General Motors 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.