Lantz Financial LLC Trims Stock Holdings in General Motors (NYSE:GM)

Lantz Financial LLC cut its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,829 shares of the auto manufacturer’s stock after selling 603 shares during the quarter. Lantz Financial LLC’s holdings in General Motors were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GM. DGS Capital Management LLC lifted its holdings in General Motors by 3.9% during the 4th quarter. DGS Capital Management LLC now owns 48,342 shares of the auto manufacturer’s stock worth $2,575,000 after buying an additional 1,800 shares during the last quarter. Curated Wealth Partners LLC lifted its stake in General Motors by 6.2% during the fourth quarter. Curated Wealth Partners LLC now owns 21,596 shares of the auto manufacturer’s stock worth $1,150,000 after purchasing an additional 1,252 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in General Motors by 82.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 362,501 shares of the auto manufacturer’s stock worth $19,310,000 after purchasing an additional 164,313 shares during the period. CX Institutional increased its stake in General Motors by 27.3% during the fourth quarter. CX Institutional now owns 111,531 shares of the auto manufacturer’s stock valued at $5,941,000 after purchasing an additional 23,940 shares during the last quarter. Finally, Neumann Capital Management LLC increased its stake in General Motors by 0.5% during the fourth quarter. Neumann Capital Management LLC now owns 51,600 shares of the auto manufacturer’s stock valued at $2,749,000 after purchasing an additional 250 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Down 0.5 %

GM opened at $53.95 on Friday. The stock’s fifty day moving average is $53.17 and its 200-day moving average is $49.85. General Motors has a one year low of $34.71 and a one year high of $61.24. The company has a market capitalization of $59.32 billion, a PE ratio of 5.75, a P/E/G ratio of 0.38 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. General Motors’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.28 EPS. On average, equities analysts predict that General Motors will post 10.34 EPS for the current fiscal year.

Insider Activity at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 514,344 shares of company stock valued at $28,977,691 over the last ninety days. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, December 16th. Wedbush raised their price target on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group upped their price objective on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Sanford C. Bernstein raised their target price on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors currently has an average rating of “Hold” and an average price target of $61.17.

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.