General Motors (NYSE:GM) Shares Sold by Diversified Trust Co

Diversified Trust Co cut its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,573 shares of the auto manufacturer’s stock after selling 14,286 shares during the period. Diversified Trust Co’s holdings in General Motors were worth $1,629,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the 2nd quarter worth $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Motors during the third quarter valued at about $27,000. Truvestments Capital LLC acquired a new stake in General Motors in the third quarter worth about $27,000. Eastern Bank bought a new position in General Motors in the 3rd quarter valued at about $34,000. Finally, Fairscale Capital LLC acquired a new position in General Motors during the 2nd quarter valued at about $36,000. 92.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 9,307 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total transaction of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $459,787.13. This trade represents a 52.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $27,028,923.92. Following the sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last three months. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $50.98 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a market capitalization of $56.06 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. The company has a 50 day simple moving average of $53.94 and a 200-day simple moving average of $49.43. General Motors has a 52-week low of $34.32 and a 52-week high of $61.24.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $2.28 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GM. DZ Bank cut shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a report on Friday, October 11th. Royal Bank of Canada increased their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $59.58.

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.