Regentatlantic Capital LLC Sells 34,475 Shares of General Motors (GM)

Regentatlantic Capital LLC cut its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 15.7% in the 3rd quarter, Holdings Channel reports. The firm owned 185,783 shares of the auto manufacturer’s stock after selling 34,475 shares during the period. Regentatlantic Capital LLC’s holdings in General Motors were worth $6,255,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vicus Capital raised its stake in shares of General Motors by 15.8% during the second quarter. Vicus Capital now owns 25,558 shares of the auto manufacturer’s stock valued at $1,007,000 after acquiring an additional 3,483 shares during the last quarter. Trilogy Capital Inc. raised its stake in shares of General Motors by 32.3% during the second quarter. Trilogy Capital Inc. now owns 21,586 shares of the auto manufacturer’s stock valued at $850,000 after acquiring an additional 5,265 shares during the last quarter. Covenant Multifamily Offices LLC raised its stake in shares of General Motors by 82.6% during the second quarter. Covenant Multifamily Offices LLC now owns 144,404 shares of the auto manufacturer’s stock valued at $5,690,000 after acquiring an additional 65,343 shares during the last quarter. Pegasus Partners Ltd. raised its stake in shares of General Motors by 13.3% during the second quarter. Pegasus Partners Ltd. now owns 41,923 shares of the auto manufacturer’s stock valued at $1,652,000 after acquiring an additional 4,934 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of General Motors by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 5,597,704 shares of the auto manufacturer’s stock valued at $220,550,000 after acquiring an additional 206,174 shares during the last quarter. 73.84% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE GM opened at $35.77 on Wednesday. General Motors has a 1 year low of $30.56 and a 1 year high of $45.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.74 and a current ratio of 0.88. The stock has a market cap of $46.07 billion, a P/E ratio of 5.46, a P/E/G ratio of 0.68 and a beta of 1.55.



General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.62. General Motors had a negative net margin of 3.26% and a positive return on equity of 23.39%. The company had revenue of $35.79 billion for the quarter, compared to analysts’ expectations of $34.85 billion. During the same quarter in the previous year, the company earned $1.32 earnings per share. General Motors’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that General Motors will post 5.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.25%. General Motors’s dividend payout ratio is currently 22.96%.

Several equities analysts have recently commented on GM shares. Royal Bank of Canada upped their price objective on shares of General Motors from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Guggenheim reaffirmed a “buy” rating and set a $52.00 price objective on shares of General Motors in a research note on Friday, July 20th. Piper Jaffray Companies set a $51.00 price objective on shares of General Motors and gave the company a “buy” rating in a research note on Wednesday, July 25th. Citigroup lowered their price objective on shares of General Motors to $60.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Finally, Buckingham Research lowered their price objective on shares of General Motors from $39.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.64.

General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Further Reading: Should You Consider an Index Fund?

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

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