General Motors (NYSE:GM) Stock Position Decreased by Ervin Investment Management LLC

Ervin Investment Management LLC reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,630 shares of the auto manufacturer’s stock after selling 395 shares during the period. General Motors accounts for 2.7% of Ervin Investment Management LLC’s portfolio, making the stock its 10th biggest holding. Ervin Investment Management LLC’s holdings in General Motors were worth $4,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GM. Benjamin F. Edwards & Company Inc. raised its stake in General Motors by 8.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,487 shares of the auto manufacturer’s stock valued at $254,000 after purchasing an additional 423 shares during the period. Benjamin Edwards Inc. increased its stake in General Motors by 6.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,752 shares of the auto manufacturer’s stock worth $267,000 after acquiring an additional 332 shares during the last quarter. AE Wealth Management LLC increased its stake in General Motors by 48.7% in the 2nd quarter. AE Wealth Management LLC now owns 10,298 shares of the auto manufacturer’s stock worth $478,000 after acquiring an additional 3,373 shares during the last quarter. Summit Trail Advisors LLC increased its stake in General Motors by 223.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 32,230 shares of the auto manufacturer’s stock worth $1,497,000 after acquiring an additional 22,277 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in General Motors by 4.4% in the 2nd quarter. ProShare Advisors LLC now owns 195,744 shares of the auto manufacturer’s stock worth $9,094,000 after acquiring an additional 8,276 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Friday, October 11th. UBS Group boosted their target price on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $59.68.

General Motors Trading Down 1.8 %

Shares of NYSE:GM opened at $50.90 on Monday. The business’s 50-day moving average is $53.60 and its 200 day moving average is $49.64. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24. The firm has a market capitalization of $55.97 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.36 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.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.47. The company 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 firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. On average, research analysts predict that General Motors will post 10.34 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,030,475 shares of company stock valued at $56,509,286. Company insiders own 0.72% of the company’s stock.

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.