Private Advisor Group LLC Has $3.13 Million Position in General Motors (GM)

Private Advisor Group LLC raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 15.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,265 shares of the auto manufacturer’s stock after purchasing an additional 9,011 shares during the period. Private Advisor Group LLC’s holdings in General Motors were worth $3,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Berkshire Hathaway Inc. lifted its holdings in General Motors by 20.0% during the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after purchasing an additional 10,000,000 shares in the last quarter. Swiss National Bank lifted its holdings in General Motors by 1.2% during the second quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock valued at $172,060,000 after purchasing an additional 56,500 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in General Motors by 0.4% during the second quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock valued at $28,839,000 after purchasing an additional 3,298 shares in the last quarter. Intrust Bank NA lifted its holdings in General Motors by 0.3% during the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after purchasing an additional 25 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in General Motors by 12.5% during the second quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock valued at $25,819,000 after purchasing an additional 82,201 shares in the last quarter. 73.06% of the stock is currently owned by institutional investors and hedge funds.

In other General Motors news, CFO Charles K. Stevens III sold 265,458 shares of General Motors stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the completion of the sale, the chief financial officer now directly owns 326,510 shares in the company, valued at $14,526,429.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alan S. Batey sold 234,274 shares of General Motors stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $38.04, for a total transaction of $8,911,782.96. Following the sale, the insider now owns 67,548 shares of the company’s stock, valued at $2,569,525.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 971,122 shares of company stock valued at $40,627,952. Company insiders own 0.04% of the company’s stock.

Several research firms have issued reports on GM. Vetr downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 price objective on the stock. in a report on Monday. BidaskClub raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Jefferies Group raised their price target on shares of General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Citigroup reissued a “buy” rating and issued a $53.00 price target on shares of General Motors in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. General Motors has an average rating of “Hold” and an average target price of $43.70.

General Motors (NYSE GM) opened at $42.70 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a market cap of $60,779.26, a PE ratio of 6.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. General Motors’s quarterly revenue was down 16.6% compared to the same quarter last year. equities analysts predict that General Motors will post 6.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is presently 77.95%.

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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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