General Motors (NYSE:GM) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lessened its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,176 shares of the auto manufacturer’s stock after selling 814 shares during the quarter. Avior Wealth Management LLC’s holdings in General Motors were worth $1,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in General Motors during the second quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors in the third quarter worth about $27,000. Wellington Shields Capital Management LLC purchased a new position in shares of General Motors in the second quarter worth about $28,000. Fortitude Family Office LLC lifted its stake in shares of General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 225 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of General Motors in the second quarter worth about $33,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In related news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now owns 126,907 shares in the company, valued at approximately $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,036,653 shares of company stock worth $56,710,175. Corporate insiders own 0.72% of the company’s stock.

General Motors Stock Performance

NYSE:GM opened at $54.88 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a fifty-two week low of $27.70 and a fifty-two week high of $59.39. The stock has a market cap of $60.35 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.43 and a beta of 1.40. The firm’s fifty day simple moving average is $50.31 and its 200-day simple moving average is $47.53.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.28 EPS. Analysts expect that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.87%. General Motors’s dividend payout ratio (DPR) is 5.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GM shares. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley downgraded shares of General Motors from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $47.00 to $42.00 in a research note on Wednesday, September 25th. Nomura downgraded shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price on the stock. in a research note on Monday, August 5th. Finally, Barclays lifted their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.92.

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.