Highline Wealth Partners LLC Sells 1,542 Shares of General Motors (NYSE:GM)

Highline Wealth Partners LLC lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 12.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,576 shares of the auto manufacturer’s stock after selling 1,542 shares during the quarter. Highline Wealth Partners LLC’s holdings in General Motors were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of General Motors in the 2nd quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors in the 3rd quarter worth approximately $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter valued at $27,000. Eastern Bank bought a new stake in General Motors in the third quarter worth $34,000. Finally, Fairscale Capital LLC purchased a new position in General Motors during the second quarter worth $36,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group increased their price target on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wedbush boosted their price objective on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, General Motors has a consensus rating of “Hold” and a consensus target price of $59.58.

Insiders Place Their Bets

In related news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction 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 transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,030,475 shares of company stock valued at $56,509,286. 0.72% of the stock is owned by insiders.

General Motors Stock Down 1.3 %

NYSE GM traded down $0.64 on Friday, hitting $50.36. The stock had a trading volume of 3,201,981 shares, compared to its average volume of 8,028,341. The business’s fifty day moving average price is $53.95 and its 200 day moving average price is $49.44. The stock has a market cap of $55.38 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. 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 has a 52-week low of $34.32 and a 52-week high of $61.24.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The business had revenue of $48.76 billion for the quarter, compared to analyst estimates 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 for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 EPS. Equities research analysts anticipate that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. General Motors’s dividend payout ratio is currently 5.12%.

General Motors Company 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.