General Motors (NYSE:GM) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,870 shares of the auto manufacturer’s stock after selling 15,160 shares during the quarter. General Motors makes up approximately 1.1% of Cumberland Partners Ltd’s holdings, making the stock its 25th biggest holding. Cumberland Partners Ltd’s holdings in General Motors were worth $12,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. South Dakota Investment Council increased its stake in shares of General Motors by 6.6% in the fourth quarter. South Dakota Investment Council now owns 89,053 shares of the auto manufacturer’s stock valued at $3,199,000 after purchasing an additional 5,500 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $898,000. GAMMA Investing LLC acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $285,000. Roble Belko & Company Inc acquired a new stake in shares of General Motors in the fourth quarter valued at approximately $140,000. Finally, RWA Wealth Partners LLC increased its stake in shares of General Motors by 5.0% in the fourth quarter. RWA Wealth Partners LLC now owns 6,740 shares of the auto manufacturer’s stock valued at $242,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GM shares. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Thursday, January 4th. Mizuho boosted their target price on General Motors from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Morgan Stanley boosted their target price on General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. The Goldman Sachs Group boosted their target price on General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Wedbush boosted their target price on General Motors from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.52.

Insiders Place Their Bets

In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock valued at $3,614,078 in the last quarter. Insiders own 0.54% of the company’s stock.

General Motors Stock Up 4.4 %

NYSE:GM traded up $1.89 during trading hours on Tuesday, reaching $45.10. The company’s stock had a trading volume of 28,608,554 shares, compared to its average volume of 17,589,910. The company has a market cap of $52.06 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. General Motors has a one year low of $26.30 and a one year high of $46.04. The business’s 50-day moving average is $41.86 and its 200-day moving average is $36.06.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 EPS. Equities research analysts predict that General Motors will post 9.12 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio is 6.57%.

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.