General Motors (NYSE:GM) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,069 shares of the auto manufacturer’s stock after purchasing an additional 604 shares during the period. Aptus Capital Advisors LLC’s holdings in General Motors were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in GM. Strategic Investment Solutions Inc. IL purchased a new position in General Motors during the second quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors during the 3rd quarter worth approximately $27,000. Wellington Shields Capital Management LLC acquired a new stake in shares of General Motors in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its stake in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 225 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in General Motors during the second quarter worth $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insiders Place Their Bets

In related news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction that occurred 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 sale, the president now directly owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 9,307 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $459,787.13. The trade was a 52.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 653,511 shares of company stock valued at $35,012,844. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $57.01 on Friday. The firm’s 50-day moving average is $49.52 and its two-hundred day moving average is $47.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The stock has a market capitalization of $62.69 billion, a P/E ratio of 6.08, a P/E/G ratio of 0.44 and a beta of 1.40. General Motors has a 12-month low of $27.42 and a 12-month high of $59.39.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.28 EPS. Equities analysts predict that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.84%. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Wall Street Analyst Weigh In

GM has been the subject of a number of recent analyst reports. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. UBS Group boosted their price objective on shares of General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wolfe Research assumed coverage on shares of General Motors in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Sanford C. Bernstein boosted their price target on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group raised their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.92.

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.