Marietta Wealth Management LLC Sells 575 Shares of General Motors (GM)

Marietta Wealth Management LLC lowered its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,820 shares of the auto manufacturer’s stock after selling 575 shares during the period. Marietta Wealth Management LLC’s holdings in General Motors were worth $462,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GM. BerganKDV Wealth Management LLC lifted its holdings in General Motors by 21.0% in the fourth quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock worth $58,000 after purchasing an additional 300 shares during the period. Cornerstone Advisors Inc. lifted its holdings in General Motors by 63.0% in the fourth quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 346 shares during the period. Capital Investment Advisors LLC lifted its holdings in General Motors by 2.3% in the fourth quarter. Capital Investment Advisors LLC now owns 15,927 shares of the auto manufacturer’s stock worth $533,000 after purchasing an additional 361 shares during the period. Unison Advisors LLC lifted its holdings in General Motors by 1.1% in the fourth quarter. Unison Advisors LLC now owns 36,119 shares of the auto manufacturer’s stock worth $1,208,000 after purchasing an additional 396 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in General Motors by 1.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,624 shares of the auto manufacturer’s stock worth $1,028,000 after purchasing an additional 419 shares during the period. Institutional investors and hedge funds own 77.74% of the company’s stock.

Shares of NYSE GM opened at $38.33 on Monday. General Motors has a twelve month low of $30.56 and a twelve month high of $45.00. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $54.23 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.26.



General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.22. The firm had revenue of $38.40 billion for the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a return on equity of 23.99% and a net margin of 5.45%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.65 EPS. On average, equities research analysts forecast that General Motors will post 6.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 7th. This represents a $1.52 annualized dividend and a yield of 3.97%. General Motors’s payout ratio is presently 23.24%.

GM has been the subject of a number of research analyst reports. Barclays reissued a “buy” rating and issued a $49.00 price target on shares of General Motors in a report on Monday, January 14th. BMO Capital Markets raised shares of General Motors from a “market perform” rating to an “outperform” rating in a report on Monday, January 7th. Royal Bank of Canada upped their price target on shares of General Motors from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, January 14th. JPMorgan Chase & Co. upped their price target on shares of General Motors from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, November 27th. Finally, Citigroup upped their price target on shares of General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, November 6th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. General Motors has a consensus rating of “Buy” and an average target price of $46.97.

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About General Motors

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.

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

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