Stratos Wealth Partners LTD. Has $2.07 Million Stake in General Motors Company $GM

Stratos Wealth Partners LTD. lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 42,124 shares of the auto manufacturer’s stock after selling 5,701 shares during the period. Stratos Wealth Partners LTD.’s holdings in General Motors were worth $2,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GM. AQR Capital Management LLC increased its stake in shares of General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after acquiring an additional 8,012,743 shares in the last quarter. Vanguard Group Inc. raised its holdings in General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after buying an additional 6,395,375 shares during the last quarter. Nuveen LLC bought a new stake in shares of General Motors in the 1st quarter worth $175,889,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of General Motors in the 2nd quarter worth $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after acquiring an additional 1,910,186 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $57.95 on Tuesday. The company has a market cap 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 52 week low of $41.60 and a 52 week high of $62.14. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm’s 50-day simple moving average is $58.13 and its two-hundred day simple moving average is $52.24.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Citigroup boosted their price target on shares of General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $77.00 price target on shares of General Motors in a report on Friday, October 10th. Benchmark initiated coverage on shares of General Motors in a report on Monday, July 21st. They issued a “buy” rating and a $65.00 price target on the stock. Finally, CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 6,600 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $527,380.35. This represents a 43.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock valued at $122,377,213 in the last three months. 0.54% of the stock is owned by company insiders.

General Motors Company 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.