General Motors (NYSE:GM) Shares Sold by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. reduced its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,881 shares of the auto manufacturer’s stock after selling 771 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in General Motors were worth $247,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in General Motors by 16.8% in the 3rd quarter. CWM LLC now owns 29,724 shares of the auto manufacturer’s stock valued at $980,000 after acquiring an additional 4,265 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of General Motors during the 3rd quarter worth about $249,000. Summit Global Investments bought a new position in General Motors in the third quarter valued at about $360,000. Impact Partnership Wealth LLC boosted its holdings in General Motors by 53.8% during the third quarter. Impact Partnership Wealth LLC now owns 1,649 shares of the auto manufacturer’s stock worth $54,000 after buying an additional 577 shares during the last quarter. Finally, Founders Financial Securities LLC increased its holdings in shares of General Motors by 6.6% in the third quarter. Founders Financial Securities LLC now owns 14,472 shares of the auto manufacturer’s stock worth $477,000 after acquiring an additional 890 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Price Performance

Shares of GM stock traded up $0.12 on Wednesday, reaching $45.22. 9,283,854 shares of the company were exchanged, compared to its average volume of 17,478,842. The company has a market cap of $52.20 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.51 and a beta of 1.51. The business has a 50-day moving average price of $41.86 and a 200 day moving average price of $36.06. General Motors has a 1 year low of $26.30 and a 1 year high of $46.04. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. During the same quarter in the prior year, the firm earned $2.21 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts forecast that General Motors will post 9.12 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is presently 6.57%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GM shares. Mizuho raised their target price on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group increased their price target on shares of General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday. Piper Sandler increased their target price on General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.29.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the sale, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Rory Harvey sold 5,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $544,800.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares in the company, valued at $540,315. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,248 shares of company stock valued at $3,614,078. 0.54% of the stock is currently owned by insiders.

General Motors Company 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.