General Motors (NYSE:GM) Position Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,215 shares of the auto manufacturer’s stock after selling 775 shares during the period. Sentry Investment Management LLC’s holdings in General Motors were worth $259,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of General Motors by 30.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,331,916 shares of the auto manufacturer’s stock worth $47,842,000 after acquiring an additional 313,297 shares during the last quarter. Cornercap Investment Counsel Inc. grew its position in shares of General Motors by 1.8% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 30,229 shares of the auto manufacturer’s stock worth $1,086,000 after acquiring an additional 531 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of General Motors during the fourth quarter worth about $247,000. Strs Ohio grew its position in shares of General Motors by 7.7% during the fourth quarter. Strs Ohio now owns 1,532,997 shares of the auto manufacturer’s stock worth $55,065,000 after acquiring an additional 109,760 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC bought a new position in shares of General Motors during the fourth quarter worth about $294,000. Institutional investors own 92.67% of the company’s stock.

Insider Activity

In other news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated 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 owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated 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 owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several research analyst reports. Wedbush upped their price objective on shares of General Motors from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Morgan Stanley upped their price objective on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Wells Fargo & Company upped their price objective on shares of General Motors from $27.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Mizuho upped their price objective on shares of General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Barclays upped their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

General Motors Price Performance

GM stock opened at $42.65 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. General Motors has a one year low of $26.30 and a one year high of $46.04. The firm has a market capitalization of $49.24 billion, a PE ratio of 5.83, a P/E/G ratio of 0.52 and a beta of 1.51. The firm has a 50-day moving average of $41.42 and a two-hundred day moving average of $35.64.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The company had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. During the same period in the prior year, the firm earned $2.12 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts forecast that General Motors will post 9.08 earnings per share for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, February 29th. This is a positive change from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. General Motors’s dividend payout ratio is currently 6.57%.

General Motors 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.