Foster & Motley Inc. Has $4.80 Million Stock Position in General Motors (NYSE:GM)

Foster & Motley Inc. lifted its holdings in shares of General Motors (NYSE:GMFree Report) (TSE:GMM.U) by 91.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 90,168 shares of the auto manufacturer’s stock after acquiring an additional 42,999 shares during the quarter. Foster & Motley Inc.’s holdings in General Motors were worth $4,803,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors in the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors during the third quarter worth $27,000. Truvestments Capital LLC bought a new position in General Motors during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in General Motors in the fourth quarter valued at $31,000. Finally, Eastern Bank bought a new stake in General Motors during the third quarter valued at $34,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction 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 directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on GM. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and upped their price objective for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Barclays raised their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Hsbc Global Res lowered General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.28.

View Our Latest Stock Report on General Motors

General Motors Trading Down 0.4 %

Shares of GM stock opened at $49.85 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.38 and a beta of 1.42. General Motors has a 52-week low of $37.40 and a 52-week high of $61.24. The company has a 50-day simple moving average of $53.04 and a two-hundred day simple moving average of $49.95.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. Research analysts anticipate that General Motors will post 10.34 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 5.12%.

General Motors Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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