KCS Wealth Advisory Decreases Stock Position in General Motors (NYSE:GM)

KCS Wealth Advisory lessened its position in General Motors (NYSE:GM) (TSE:GMM.U) by 73.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,804 shares of the auto manufacturer’s stock after selling 18,994 shares during the quarter. KCS Wealth Advisory’s holdings in General Motors were worth $249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Little House Capital LLC lifted its position in shares of General Motors by 66,462.4% during the 2nd quarter. Little House Capital LLC now owns 326,156 shares of the auto manufacturer’s stock valued at $12,567,000 after buying an additional 325,666 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of General Motors by 110.5% during the 2nd quarter. Private Advisor Group LLC now owns 115,400 shares of the auto manufacturer’s stock valued at $4,438,000 after buying an additional 60,583 shares in the last quarter. Pathstone Family Office LLC lifted its position in shares of General Motors by 90.9% during the 2nd quarter. Pathstone Family Office LLC now owns 733 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 349 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of General Motors by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 102,571,908 shares of the auto manufacturer’s stock valued at $3,952,096,000 after buying an additional 717,703 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its position in shares of General Motors by 46.7% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 4,248 shares of the auto manufacturer’s stock valued at $164,000 after buying an additional 1,353 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.

Shares of GM opened at $35.15 on Thursday. The business’s 50 day moving average is $35.98 and its 200 day moving average is $37.26. The company has a market capitalization of $50.22 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 0.52 and a beta of 1.37. General Motors has a 12-month low of $33.08 and a 12-month high of $41.90. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.54. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The company had revenue of $35.50 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same quarter last year, the company earned $1.87 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts predict that General Motors will post 4.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Thursday, December 5th. General Motors’s payout ratio is 23.24%.

A number of research firms have recently weighed in on GM. Buckingham Research lowered their price objective on General Motors from $35.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Bank of America set a $55.00 target price on General Motors and gave the company a “buy” rating in a research note on Tuesday, October 15th. UBS Group lifted their target price on General Motors from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Benchmark initiated coverage on General Motors in a research note on Thursday, January 9th. They set a “buy” rating and a $49.00 target price on the stock. Finally, Barclays decreased their target price on General Motors from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.42.

General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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