Polianta Ltd Sells 5,600 Shares of General Motors (NYSE:GM)

Polianta Ltd cut its holdings in General Motors (NYSE:GMFree Report) (TSE:GMM.U) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,600 shares of the auto manufacturer’s stock after selling 5,600 shares during the quarter. Polianta Ltd’s holdings in General Motors were worth $919,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. P&S Credit Management L.P. lifted its stake in General Motors by 33.3% during the 4th quarter. P&S Credit Management L.P. now owns 80,000 shares of the auto manufacturer’s stock valued at $2,874,000 after acquiring an additional 20,000 shares during the period. Diversified Trust Co grew its stake in General Motors by 6.4% during the 4th quarter. Diversified Trust Co now owns 48,509 shares of the auto manufacturer’s stock valued at $1,742,000 after acquiring an additional 2,916 shares in the last quarter. Pacifica Partners Inc. boosted its stake in General Motors by 10.1% during the fourth quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer’s stock worth $107,000 after buying an additional 301 shares during the last quarter. Capital Investment Advisors LLC raised its stake in General Motors by 7.3% during the fourth quarter. Capital Investment Advisors LLC now owns 6,899 shares of the auto manufacturer’s stock worth $248,000 after purchasing an additional 469 shares during the period. Finally, Leibman Financial Services Inc. acquired a new stake in General Motors during the fourth quarter worth $2,749,000. Institutional investors own 79.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GM. The Goldman Sachs Group boosted their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Redburn Atlantic started coverage on General Motors in a research note on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective for the company. Mizuho raised shares of General Motors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $38.00 to $42.00 in a research note on Monday, December 4th. Wells Fargo & Company boosted their price objective on shares of General Motors from $27.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Finally, Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.29.

Get Our Latest Analysis on General Motors

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at $860,710.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gerald Johnson sold 15,190 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.03, for a total transaction of $608,055.70. Following the completion of the sale, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The disclosure for this sale can be found here. In the last three months, insiders sold 44,526 shares of company stock valued at $1,757,472. Company insiders own 0.54% of the company’s stock.

General Motors Stock Performance

NYSE:GM traded up $1.31 during trading hours on Friday, reaching $40.69. 82,751,221 shares of the stock were exchanged, compared to its average volume of 18,995,002. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. The firm has a 50 day simple moving average of $38.12 and a 200-day simple moving average of $33.99. General Motors has a 52 week low of $26.30 and a 52 week high of $41.80. The stock has a market capitalization of $46.97 billion, a P/E ratio of 5.57, a P/E/G ratio of 0.50 and a beta of 1.50.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.16 by $0.08. The company had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 earnings per share. As a group, sell-side analysts forecast that General Motors will post 9 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a dividend of $0.12 per share. This is a boost from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, February 29th. General Motors’s payout ratio is currently 6.57%.

About General Motors

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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