General Motors Company $GM Shares Purchased by Private Trust Co. NA

Private Trust Co. NA increased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,519 shares of the auto manufacturer’s stock after purchasing an additional 253 shares during the quarter. Private Trust Co. NA’s holdings in General Motors were worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirova lifted its holdings in shares of General Motors by 4.1% during the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after purchasing an additional 5,293 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of General Motors by 6.3% during the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after purchasing an additional 526 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after purchasing an additional 1,712,033 shares during the period. Boston Partners acquired a new stake in shares of General Motors during the first quarter worth about $719,000. Finally, Malaga Cove Capital LLC acquired a new stake in shares of General Motors during the first quarter worth about $292,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $732,547.07. The trade was a 66.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Mark L. Reuss sold 136,161 shares of General Motors stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president directly owned 131,036 shares in the company, valued at $7,877,884.32. This represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,074,824 shares of company stock valued at $122,377,213. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GM shares. Benchmark started coverage on General Motors in a research report on Monday, July 21st. They set a “buy” rating and a $65.00 price target for the company. Barclays lifted their price target on General Motors from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Wells Fargo & Company lifted their price target on General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Friday, October 3rd. Bank of America reduced their price target on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, Mizuho lifted their price target on General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

General Motors Stock Down 0.7%

General Motors stock opened at $57.95 on Tuesday. The stock has a market capitalization of $55.17 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The business has a 50 day simple moving average of $58.13 and a 200-day simple moving average of $52.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.06 earnings per share. On average, analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

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.