Gladstone Institutional Advisory LLC Raises Stock Position in General Motors (NYSE:GM)

Gladstone Institutional Advisory LLC lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,150 shares of the auto manufacturer’s stock after buying an additional 478 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in General Motors were worth $635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors in the second quarter worth about $25,000. Wellington Shields Capital Management LLC purchased a new position in General Motors in the 2nd quarter worth $28,000. Fortitude Family Office LLC raised its stake in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Montag A & Associates Inc. purchased a new position in General Motors during the 1st quarter worth approximately $30,000. Finally, EdgeRock Capital LLC acquired a new position in shares of General Motors in the 2nd quarter valued at about $33,000. Institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 2,302 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares of the company’s stock, valued at $489,942.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the transaction, the executive vice president now owns 10,356 shares in the company, valued at approximately $489,942.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 531,228 shares of company stock worth $28,267,714 over the last ninety days. 0.72% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of NYSE GM opened at $50.96 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a market cap of $56.04 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.38 and a beta of 1.40. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $54.29. The business has a 50 day moving average price of $48.31 and a two-hundred day moving average price of $46.52.

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

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s dividend payout ratio is presently 5.12%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wolfe Research assumed coverage on shares of General Motors in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Wedbush raised their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Nomura downgraded General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price on the stock. in a research note on Monday, August 5th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of “Hold” and an average price target of $56.92.

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.