General Motors (NYSE:GM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 48.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,510 shares of the auto manufacturer’s stock after selling 61,901 shares during the quarter. Los Angeles Capital Management LLC’s holdings in General Motors were worth $2,937,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Capital World Investors grew its holdings in General Motors by 14.6% in the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock valued at $2,211,609,000 after purchasing an additional 6,201,777 shares during the period. Swedbank AB purchased a new position in shares of General Motors in the 1st quarter worth $159,750,000. Artemis Investment Management LLP boosted its holdings in General Motors by 581.4% in the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock valued at $71,827,000 after acquiring an additional 1,366,768 shares during the last quarter. Dimensional Fund Advisors LP grew its position in General Motors by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after acquiring an additional 1,091,137 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in General Motors by 3,333.1% during the second quarter. Panagora Asset Management Inc. now owns 783,340 shares of the auto manufacturer’s stock worth $36,394,000 after acquiring an additional 760,523 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction dated 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 in the company, valued at $7,000,190.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 653,511 shares of company stock worth $35,012,844. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GM shares. Sanford C. Bernstein boosted their target price on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley lowered General Motors from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $47.00 to $42.00 in a research report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.92.

General Motors Price Performance

Shares of NYSE GM opened at $57.41 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $63.13 billion, a price-to-earnings ratio of 6.12, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. General Motors has a twelve month low of $26.64 and a twelve month high of $58.29. The business has a 50 day simple moving average of $48.97 and a 200-day simple moving average of $46.98.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the prior year, the company earned $2.28 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that General Motors will post 10.34 earnings per share for the current year.

General Motors Dividend Announcement

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

General Motors 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.