Mitchell Mcleod Pugh & Williams Inc. Purchases 910 Shares of General Motors (NYSE:GM)

Mitchell Mcleod Pugh & Williams Inc. boosted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,804 shares of the auto manufacturer’s stock after acquiring an additional 910 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in General Motors were worth $629,000 at the end of the most recent quarter.

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

General Motors Stock Down 1.8 %

General Motors stock opened at $50.90 on Monday. 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 company’s 50-day moving average is $53.60 and its 200-day moving average is $49.64. The firm has a market capitalization of $55.97 billion, a PE ratio of 5.43, a P/E/G ratio of 0.36 and a beta of 1.42. General Motors has a fifty-two week low of $34.32 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly 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 return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that General Motors will post 10.34 earnings per share for the current year.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 506,824 shares of General Motors 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 directly owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,030,475 shares of company stock valued at $56,509,286 in the last quarter. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GM shares. Barclays increased their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. UBS Group lifted their price target on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday. Finally, 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. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has a consensus rating of “Hold” and an average price target of $59.68.

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.