Financial Partners Capital Management LLC Trims Holdings in General Motors Company (GM)

Financial Partners Capital Management LLC reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,174 shares of the auto manufacturer’s stock after selling 2,475 shares during the period. General Motors makes up 1.5% of Financial Partners Capital Management LLC’s portfolio, making the stock its 28th largest holding. Financial Partners Capital Management LLC’s holdings in General Motors were worth $7,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. YorkBridge Wealth Partners LLC increased its holdings in shares of General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after buying an additional 860 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of General Motors in the 1st quarter worth about $106,000. FNY Managed Accounts LLC bought a new stake in shares of General Motors in the 1st quarter worth about $107,000. State of Alaska Department of Revenue increased its holdings in shares of General Motors by 10.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after buying an additional 310 shares during the last quarter. Finally, Ffcm LLC increased its holdings in shares of General Motors by 2,008.1% in the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 3,213 shares during the last quarter. Institutional investors own 72.22% of the company’s stock.

General Motors Company (NYSE GM) traded down 0.362% during midday trading on Tuesday, reaching $45.166. 7,605,047 shares of the company’s stock traded hands. General Motors Company has a 1-year low of $30.21 and a 1-year high of $45.43. The company has a market capitalization of $65.82 billion, a price-to-earnings ratio of 7.852 and a beta of 1.44. The firm’s 50-day moving average is $38.79 and its 200-day moving average is $35.62.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. During the same period last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts forecast that General Motors Company will post $6.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, September 7th. General Motors’s dividend payout ratio is presently 26.48%.

In other news, insider Alan S. Batey sold 8,144 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $35.57, for a total value of $289,682.08. Following the completion of the transaction, the insider now owns 66,748 shares of the company’s stock, valued at $2,374,226.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Karl-Thomas Neumann sold 234,274 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.77, for a total transaction of $8,145,706.98. Following the completion of the transaction, the insider now directly owns 234,274 shares of the company’s stock, valued at approximately $8,145,706.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 842,901 shares of company stock valued at $31,928,733. Company insiders own 0.04% of the company’s stock.

A number of analysts have recently weighed in on the stock. Citigroup Inc. restated a “buy” rating and issued a $53.00 target price on shares of General Motors in a report on Monday. Royal Bank Of Canada boosted their target price on shares of General Motors from $38.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, October 5th. Instinet restated a “buy” rating and issued a $43.00 target price on shares of General Motors in a report on Tuesday, October 3rd. Morgan Stanley restated an “overweight” rating and issued a $43.00 target price on shares of General Motors in a report on Wednesday, October 4th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $51.00 target price on shares of General Motors in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $41.35.

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General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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