General Motors (NYSE:GM) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 44.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,984 shares of the auto manufacturer’s stock after selling 8,690 shares during the quarter. Marcum Wealth LLC’s holdings in General Motors were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors in the second quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors in the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new position in General Motors in the 3rd quarter worth approximately $27,000. Eastern Bank purchased a new position in General Motors during the 3rd quarter worth approximately $34,000. Finally, Fairscale Capital LLC acquired a new stake in General Motors during the 2nd quarter valued at $36,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $51.00 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a one year low of $34.32 and a one year high of $61.24. The company’s fifty day moving average price is $53.83 and its 200 day moving average price is $49.56. The company has a market capitalization of $56.08 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 0.40 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 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 EPS. As a group, analysts expect that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, December 6th. General Motors’s payout ratio is currently 5.12%.

Insider Buying and Selling at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now directly owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % 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 ninety days. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Mizuho lifted their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. UBS Group upped their target price on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Barclays upped their price objective 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. Finally, Royal Bank of Canada lifted their target price on shares of 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. Based on data from MarketBeat.com, General Motors presently has an average rating of “Hold” and an average price target of $59.58.

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.