General Motors (NYSE:GM) Shares Sold by Quent Capital LLC

Quent Capital LLC decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,167 shares of the auto manufacturer’s stock after selling 268 shares during the period. Quent Capital LLC’s holdings in General Motors were worth $169,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management acquired a new position in General Motors during the 3rd quarter worth $389,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in General Motors by 569.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,621 shares of the auto manufacturer’s stock worth $73,000 after purchasing an additional 1,379 shares in the last quarter. CX Institutional grew its stake in General Motors by 786.6% during the 3rd quarter. CX Institutional now owns 87,591 shares of the auto manufacturer’s stock worth $3,928,000 after purchasing an additional 77,712 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in General Motors by 9.8% during the 3rd quarter. Opal Wealth Advisors LLC now owns 5,057 shares of the auto manufacturer’s stock worth $227,000 after purchasing an additional 453 shares in the last quarter. Finally, Nexus Investment Management ULC grew its stake in General Motors by 0.8% during the 3rd quarter. Nexus Investment Management ULC now owns 605,352 shares of the auto manufacturer’s stock worth $27,144,000 after purchasing an additional 4,685 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 2.2 %

GM opened at $47.71 on Thursday. The business has a 50 day moving average price of $51.49 and a two-hundred day moving average price of $49.98. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company has a market cap of $47.47 billion, a PE ratio of 7.76, a P/E/G ratio of 0.68 and a beta of 1.40. General Motors has a 52 week low of $37.83 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, research analysts anticipate that General Motors will post 11.28 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

Wall Street Analyst Weigh In

GM has been the subject of several analyst reports. UBS Group boosted their target price on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Barclays upped their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Wedbush upped their price objective on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.28.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction on 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 of the company’s stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by 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.