WP Advisors LLC Has $256,000 Stake in General Motors (NYSE:GM)

WP Advisors LLC trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 30.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,719 shares of the auto manufacturer’s stock after selling 2,532 shares during the period. WP Advisors LLC’s holdings in General Motors were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its holdings in General Motors by 14.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 53,078 shares of the auto manufacturer’s stock worth $2,407,000 after purchasing an additional 6,852 shares during the last quarter. TIAA Trust National Association lifted its holdings in General Motors by 6.6% in the 1st quarter. TIAA Trust National Association now owns 7,732 shares of the auto manufacturer’s stock worth $351,000 after purchasing an additional 479 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in General Motors by 129.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,840 shares of the auto manufacturer’s stock worth $3,439,000 after purchasing an additional 42,730 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in General Motors by 244.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 41,623 shares of the auto manufacturer’s stock worth $1,888,000 after purchasing an additional 29,554 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in General Motors by 309.2% in the 1st quarter. Bessemer Group Inc. now owns 54,882 shares of the auto manufacturer’s stock worth $2,489,000 after purchasing an additional 41,470 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 2,302 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total value of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares in the company, valued at $489,942.36. This trade represents a 18.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 653,511 shares of company stock worth $35,012,844 over the last three months. Company insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of several analyst reports. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a report on Friday, October 11th. The Goldman Sachs Group lifted their price target on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. UBS Group lifted their price target on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target on General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 price target on shares of General Motors in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.92.

General Motors Stock Performance

Shares of NYSE:GM opened at $57.04 on Monday. The business’s fifty day moving average price is $49.72 and its two-hundred day moving average price is $47.32. General Motors has a fifty-two week low of $27.42 and a fifty-two week high of $59.39. The stock has a market capitalization of $62.72 billion, a price-to-earnings ratio of 6.08, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts predict that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.12%.

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.