World Investment Advisors LLC Buys New Position in General Motors (NYSE:GM)

World Investment Advisors LLC purchased a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,294 shares of the auto manufacturer’s stock, valued at approximately $237,000.

Several other hedge funds also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors in the second quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in General Motors in the third quarter valued at approximately $27,000. Wellington Shields Capital Management LLC acquired a new position in shares of General Motors during the 2nd quarter worth approximately $28,000. Finally, EdgeRock Capital LLC bought a new stake in shares of General Motors during the 2nd quarter worth approximately $33,000. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

General Motors Stock Up 0.7 %

Shares of GM opened at $50.34 on Friday. 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 12 month low of $34.32 and a 12 month high of $61.24. The firm’s 50 day moving average is $53.32 and its 200-day moving average is $48.84. The stock has a market capitalization of $55.35 billion, a PE ratio of 5.37, a P/E/G ratio of 0.39 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $2.28 EPS. Equities research analysts forecast that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. General Motors’s payout ratio is 5.12%.

Analyst Ratings Changes

Several research firms recently weighed in on GM. JPMorgan Chase & Co. raised 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. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Wedbush lifted their price target on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.70.

About General Motors

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.