Capital Asset Advisory Services LLC Has $916,000 Position in General Motors (NYSE:GM)

Capital Asset Advisory Services LLC decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,701 shares of the auto manufacturer’s stock after selling 484 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in General Motors were worth $916,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GM. Allworth Financial LP raised its stake in shares of General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock worth $412,000 after buying an additional 205 shares during the last quarter. Avestar Capital LLC lifted its stake in shares of General Motors by 2.3% in the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after purchasing an additional 213 shares during the period. Continuum Advisory LLC boosted its position in shares of General Motors by 7.9% in the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock worth $131,000 after purchasing an additional 213 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of General Motors by 0.6% during the third quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock worth $1,625,000 after purchasing an additional 230 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in General Motors by 2.1% in the second quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer’s stock valued at $540,000 after purchasing an additional 238 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GM has been the topic of a number of recent analyst reports. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a report on Friday, October 11th. Wedbush boosted their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, General Motors has an average rating of “Hold” and an average price target of $61.17.

General Motors Stock Performance

Shares of GM opened at $54.99 on Tuesday. The stock has a market capitalization of $60.47 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.38 and a beta of 1.42. General Motors has a 12 month low of $34.93 and a 12 month high of $61.24. The firm has a fifty day simple moving average of $53.17 and a 200 day simple moving average of $49.90. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.87%. General Motors’s dividend payout ratio is 5.12%.

Insider Activity

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the transaction, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock worth $28,977,691 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

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.