Mutual Advisors LLC Decreases Stake in General Motors (NYSE:GM)

Mutual Advisors LLC decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 9.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,776 shares of the auto manufacturer’s stock after selling 1,913 shares during the period. Mutual Advisors LLC’s holdings in General Motors were worth $973,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors in the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the 3rd quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in General Motors during the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in General Motors in the 4th quarter worth $31,000. Finally, Eastern Bank acquired a new stake in shares of General Motors during the third quarter valued at about $34,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 8,919 shares of the firm’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 transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock valued at $28,977,691 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

General Motors Price Performance

NYSE GM opened at $53.95 on Friday. The company has a 50-day moving average price of $53.17 and a two-hundred day moving average price of $49.85. The stock has a market cap of $59.32 billion, a price-to-earnings ratio of 5.75, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a 52 week low of $34.71 and a 52 week high of $61.24.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GM. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a report on Friday, October 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Mizuho upped their price target on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Sanford C. Bernstein boosted their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, Barclays upped their target price on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three 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, General Motors currently has a consensus rating of “Hold” and an average target price of $61.17.

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.