General Motors (NYSE:GM) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 11.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,176 shares of the auto manufacturer’s stock after selling 4,087 shares during the period. Welch & Forbes LLC’s holdings in General Motors were worth $1,192,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its stake in shares of General Motors by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer’s stock worth $17,064,000 after purchasing an additional 74,194 shares during the period. Cerity Partners LLC boosted its stake in shares of General Motors by 361.1% during the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock worth $4,300,000 after acquiring an additional 93,754 shares in the last quarter. Foundry Partners LLC grew its holdings in shares of General Motors by 15.0% in the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer’s stock worth $12,992,000 after acquiring an additional 51,336 shares during the period. Public Sector Pension Investment Board increased its stake in General Motors by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer’s stock valued at $4,859,000 after purchasing an additional 14,002 shares in the last quarter. Finally, AM Squared Ltd raised its holdings in General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock worth $1,483,000 after purchasing an additional 27,300 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 5,100 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at $544,800.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,248 shares of company stock valued at $3,614,078. 0.72% of the stock is currently owned by insiders.

General Motors Stock Up 0.0 %

NYSE:GM traded up $0.01 during mid-day trading on Wednesday, hitting $45.29. The company had a trading volume of 2,812,319 shares, compared to its average volume of 16,852,449. General Motors has a 1 year low of $26.30 and a 1 year high of $46.17. The business has a fifty day simple moving average of $43.05 and a 200-day simple moving average of $37.11. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $51.67 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 0.53 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 EPS. Equities analysts forecast that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors’s dividend payout ratio is presently 5.87%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Sanford C. Bernstein began coverage on shares of General Motors in a research report on Thursday, April 25th. They issued an “outperform” rating and a $55.00 price target on the stock. Redburn Atlantic initiated coverage on shares of General Motors in a report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Finally, Mizuho boosted their price target on General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $54.65.

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.