General Motors (NYSE:GM) Shares Sold by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,811 shares of the auto manufacturer’s stock after selling 204 shares during the period. Deseret Mutual Benefit Administrators’ holdings in General Motors were worth $350,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new stake in General Motors during the 1st quarter valued at approximately $493,000. Nordea Investment Management AB increased its stake in General Motors by 3.6% in the 1st quarter. Nordea Investment Management AB now owns 100,090 shares of the auto manufacturer’s stock valued at $4,532,000 after buying an additional 3,433 shares during the period. Larson Financial Group LLC lifted its stake in shares of General Motors by 16.5% in the 1st quarter. Larson Financial Group LLC now owns 2,086 shares of the auto manufacturer’s stock worth $95,000 after acquiring an additional 296 shares during the period. Csenge Advisory Group lifted its stake in shares of General Motors by 6.1% in the 1st quarter. Csenge Advisory Group now owns 9,661 shares of the auto manufacturer’s stock worth $438,000 after acquiring an additional 559 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in General Motors by 47.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,631 shares of the auto manufacturer’s stock worth $210,000 after purchasing an additional 1,494 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their target price on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group increased 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. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Nomura downgraded shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price target for the company. in a research report on Monday, August 5th. Finally, Morgan Stanley cut General Motors from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $56.92.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares of the company’s stock, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Rory Harvey sold 2,302 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 531,228 shares of company stock valued at $28,267,714. Company insiders own 0.72% of the company’s stock.

General Motors Stock Up 0.5 %

GM opened at $55.31 on Thursday. The stock has a market capitalization of $60.82 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.39 and a beta of 1.40. General Motors has a 12 month low of $26.30 and a 12 month high of $55.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The business has a 50-day moving average of $48.58 and a two-hundred day moving average of $46.72.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. General Motors’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.28 earnings per share. On average, research analysts expect that General Motors will post 10.34 earnings per share for the current year.

General Motors Announces Dividend

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

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.