WealthPlan Investment Management LLC Sells 227 Shares of General Motors (NYSE:GM)

WealthPlan Investment Management LLC reduced its position in General Motors (NYSE:GM) (TSE:GMM.U) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,873 shares of the auto manufacturer’s stock after selling 227 shares during the quarter. WealthPlan Investment Management LLC’s holdings in General Motors were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GM. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors during the 2nd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors during the third quarter worth about $27,000. Wellington Shields Capital Management LLC acquired a new stake in General Motors during the second quarter valued at approximately $28,000. Fortitude Family Office LLC grew its stake in shares of General Motors by 56.1% in the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 225 shares during the period. Finally, EdgeRock Capital LLC acquired a new position in shares of General Motors in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Down 0.4 %

Shares of NYSE GM opened at $57.41 on Wednesday. General Motors has a 1 year low of $26.64 and a 1 year high of $58.29. The firm’s 50-day moving average is $48.97 and its 200-day moving average is $46.98. 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 firm has a market capitalization of $63.13 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for 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%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. Equities analysts expect that General Motors will post 10.34 EPS for the current year.

General Motors Announces Dividend

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

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction dated 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 approximately $7,000,190.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other General Motors news, CEO Mary T. Barra sold 506,824 shares of General Motors 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 transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction dated 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 sale, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 653,511 shares of company stock valued at $35,012,844. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Wolfe Research started coverage on General Motors in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Morgan Stanley downgraded shares of General Motors from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $47.00 to $42.00 in a research note on Wednesday, September 25th. Wells Fargo & Company increased their target price on shares of General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 23rd. Wedbush boosted their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their price objective on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.92.

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.