General Motors Company (GM) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,130 shares of the auto manufacturer’s stock after selling 39,230 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in General Motors were worth $11,029,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. UBS Oconnor LLC increased its holdings in General Motors by 6.5% in the 1st quarter. UBS Oconnor LLC now owns 1,140,611 shares of the auto manufacturer’s stock worth $40,332,000 after buying an additional 69,799 shares during the period. Franklin Parlapiano Turner & Welch LLC acquired a new position in General Motors in the 1st quarter worth approximately $106,000. Aviance Capital Management LLC increased its holdings in General Motors by 1.6% in the 1st quarter. Aviance Capital Management LLC now owns 15,701 shares of the auto manufacturer’s stock worth $555,000 after buying an additional 252 shares during the period. Laurel Wealth Advisors Inc. increased its holdings in General Motors by 16.2% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,157 shares of the auto manufacturer’s stock worth $818,000 after buying an additional 3,234 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in General Motors by 26,374.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,970,423 shares of the auto manufacturer’s stock worth $140,394,000 after buying an additional 3,955,426 shares during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on GM. Deutsche Bank AG reiterated a “buy” rating on shares of General Motors in a report on Friday. BidaskClub upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 price target on the stock in a report on Monday, July 24th. Royal Bank Of Canada increased their price target on shares of General Motors from $37.00 to $38.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 26th. Finally, Jefferies Group LLC increased their price target on shares of General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.61.

In other news, insider Alan S. Batey sold 234,274 shares of General Motors stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total transaction of $8,911,782.96. Following the transaction, the insider now owns 67,548 shares in the company, valued at approximately $2,569,525.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nysschen Carel J. De sold 123,645 shares of General Motors stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.59, for a total value of $5,513,330.55. Following the transaction, the executive vice president now owns 150,484 shares in the company, valued at approximately $6,710,081.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 971,122 shares of company stock worth $40,627,952. Insiders own 0.04% of the company’s stock.

General Motors Company (NYSE GM) opened at $43.88 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $61,930.00, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56. General Motors Company has a fifty-two week low of $31.92 and a fifty-two week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS. equities research analysts forecast that General Motors Company will post 6.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.46%. General Motors’s dividend payout ratio is presently 32.90%.

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General Motors 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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