31,727 General Motors Company $GM Shares Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its holdings in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 51.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 93,626 shares of the auto manufacturer’s stock after acquiring an additional 31,727 shares during the quarter. General Motors comprises approximately 0.9% of Machina Capital S.A.S.’s portfolio, making the stock its 9th largest holding. Machina Capital S.A.S.’s holdings in General Motors were worth $7,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC increased its holdings in General Motors by 0.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 16,179 shares of the auto manufacturer’s stock worth $1,246,000 after buying an additional 112 shares in the last quarter. Avior Wealth Management LLC lifted its stake in General Motors by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 5,251 shares of the auto manufacturer’s stock valued at $404,000 after acquiring an additional 134 shares during the period. Silver Grove Financial Group Inc. lifted its stake in General Motors by 8.1% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,802 shares of the auto manufacturer’s stock valued at $139,000 after acquiring an additional 135 shares during the period. Bogart Wealth LLC boosted its holdings in shares of General Motors by 17.0% during the 2nd quarter. Bogart Wealth LLC now owns 949 shares of the auto manufacturer’s stock valued at $73,000 after acquiring an additional 138 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in shares of General Motors by 75.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 140 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 16,513 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total value of $1,480,225.32. Following the transaction, the executive vice president owned 12,000 shares in the company, valued at $1,075,680. This represents a 57.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on GM shares. JPMorgan Chase & Co. reduced their price target on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. The Goldman Sachs Group lowered their price objective on shares of General Motors from $112.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Benchmark restated a “buy” rating and issued a $105.00 target price (up from $90.00) on shares of General Motors in a report on Tuesday, July 21st. Wells Fargo & Company lifted their target price on shares of General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $132.00 target price on shares of General Motors in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.44.

Read Our Latest Stock Analysis on General Motors

General Motors Stock Down 1.0%

General Motors stock opened at $88.71 on Wednesday. General Motors Company has a one year low of $67.06 and a one year high of $93.70. The stock has a fifty day moving average of $83.46 and a 200 day moving average of $80.91. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a market cap of $74.83 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 0.51 and a beta of 1.40.

General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. The business had revenue of $50.02 billion for the quarter, compared to analysts’ expectations of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $2.80 earnings per share. As a group, sell-side analysts predict that General Motors Company will post 13.36 EPS for the current year.

General Motors announced that its Board of Directors has approved a share buyback plan on Tuesday, October 20th that allows the company to repurchase $20 billion in shares. This buyback authorization allows the auto manufacturer to buy up to 27.5% of its shares through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s dividend payout ratio is presently 16.51%.

General Motors News Summary

Here are the key news stories impacting General Motors this week:

General Motors Company Profile

(Free Report)

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers. Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Further Reading

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

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