General Motors (NYSE:GM) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 13.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 32,993 shares of the auto manufacturer’s stock after selling 5,211 shares during the quarter. TD Private Client Wealth LLC’s holdings in General Motors were worth $1,479,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in GM. Triad Wealth Partners LLC acquired a new stake in General Motors in the 2nd quarter valued at $37,000. Blue Trust Inc. grew its stake in General Motors by 178.3% in the 2nd quarter. Blue Trust Inc. now owns 2,510 shares of the auto manufacturer’s stock valued at $114,000 after acquiring an additional 1,608 shares during the period. Brookstone Capital Management lifted its holdings in General Motors by 3.2% in the 2nd quarter. Brookstone Capital Management now owns 163,350 shares of the auto manufacturer’s stock valued at $8,151,000 after purchasing an additional 5,029 shares in the last quarter. TCW Group Inc. lifted its holdings in General Motors by 49.9% in the 2nd quarter. TCW Group Inc. now owns 986,762 shares of the auto manufacturer’s stock valued at $45,845,000 after purchasing an additional 328,649 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in General Motors by 3.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 196,011 shares of the auto manufacturer’s stock valued at $9,107,000 after purchasing an additional 7,136 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GM. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 price objective on shares of General Motors in a report on Tuesday, September 10th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $46.00 to $54.00 in a report on Tuesday. UBS Group raised their price objective on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Wednesday. Finally, Barclays lifted their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.85.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred 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. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last three months. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Performance

NYSE GM opened at $52.30 on Friday. The company has a market cap of $57.51 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.40 and a beta of 1.42. 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 50-day moving average of $52.72 and a two-hundred day moving average of $48.56. General Motors has a 1-year low of $32.83 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 EPS. As a group, analysts anticipate that General Motors will post 10.35 EPS for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s dividend payout ratio is currently 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.