The General Motors Company (GM) Position Decreased by Stephens Inc. AR

The General Motors Company (GM) Position Decreased by Stephens Inc. AR

Stephens Inc. AR decreased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 80.2% during the third quarter, Holdings Channel reports. The fund owned 19,050 shares of the auto manufacturer’s stock after selling 77,049 shares during the period. Stephens Inc. AR’s holdings in General Motors Company were worth $605,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. AllSquare Wealth Management LLC boosted its position in General Motors Company by 16.5% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $130,000 after buying an additional 650 shares during the last quarter. Global X Management Co. LLC boosted its position in General Motors Company by 313.7% in the third quarter. Global X Management Co. LLC now owns 4,257 shares of the auto manufacturer’s stock valued at $135,000 after buying an additional 3,228 shares during the last quarter. Chou Associates Management Inc. bought a new position in General Motors Company during the second quarter valued at $136,000. North Star Investment Management Corp. boosted its position in General Motors Company by 18.5% in the third quarter. North Star Investment Management Corp. now owns 5,452 shares of the auto manufacturer’s stock valued at $173,000 after buying an additional 850 shares during the last quarter. Finally, Daiwa SB Investments Ltd. bought a new position in General Motors Company during the third quarter valued at $200,000. Hedge funds and other institutional investors own 70.74% of the company’s stock.

General Motors Company (NYSE:GM) traded up 0.43% during midday trading on Wednesday, hitting $37.47. 11,220,136 shares of the stock traded hands. General Motors Company has a 12-month low of $26.69 and a 12-month high of $38.16. The firm has a market cap of $57.12 billion, a P/E ratio of 4.28 and a beta of 1.40. The company’s 50-day moving average is $36.18 and its 200 day moving average is $32.76.

General Motors Company (NYSE:GM) last announced its quarterly earnings data on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.28. General Motors Company had a net margin of 8.58% and a return on equity of 23.22%. The firm earned $42.80 billion during the quarter, compared to analyst estimates of $39.11 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. General Motors Company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that General Motors Company will post $6.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Monday, December 5th. General Motors Company’s dividend payout ratio is currently 17.41%.

Several equities analysts recently weighed in on GM shares. Nomura started coverage on shares of General Motors Company in a research note on Tuesday, September 20th. They set a “neutral” rating and a $33.00 target price for the company. Citigroup Inc. reaffirmed a “buy” rating and set a $50.00 target price on shares of General Motors Company in a research note on Thursday, September 22nd. Barclays PLC reaffirmed an “equal weight” rating and set a $66.00 target price on shares of General Motors Company in a research note on Friday, September 23rd. Vetr cut shares of General Motors Company from a “buy” rating to a “hold” rating and set a $33.66 target price for the company. in a research note on Monday, September 26th. Finally, Goldman Sachs Group, Inc. (The) cut shares of General Motors Company to a “neutral” rating and cut their target price for the company from $37.00 to $29.00 in a research note on Thursday, October 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Motors Company currently has an average rating of “Hold” and an average price target of $36.02.

In other General Motors Company news, insider Stefan Jacoby sold 2,540 shares of the stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $36.12, for a total transaction of $91,744.80. Following the completion of the transaction, the insider now owns 16,230 shares of the company’s stock, valued at $586,227.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Daniel Ammann sold 10,000 shares of the stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the transaction, the president now directly owns 153,850 shares of the company’s stock, valued at approximately $5,692,450. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

About General Motors Company

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

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