General Motors (NYSE:GM) Shares Sold by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co cut its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,050 shares of the auto manufacturer’s stock after selling 300 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in General Motors were worth $269,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the 4th quarter worth $25,000. Crews Bank & Trust purchased a new position in shares of General Motors during the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC acquired a new position in General Motors in the third quarter worth approximately $27,000. Finally, Compass Planning Associates Inc bought a new position in shares of General Motors during the 4th quarter valued at $27,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $46.31 on Monday. The firm has a market capitalization of $46.07 billion, a PE ratio of 7.53, a PEG ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company’s 50-day moving average is $50.68 and its 200-day moving average is $50.29. General Motors has a fifty-two week low of $38.94 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. General Motors’s payout ratio is presently 7.80%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $59.71.

About General Motors

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.