Atlas Capital Advisors LLC Sells 1,859 Shares of General Motors (NYSE:GM)

Atlas Capital Advisors LLC trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,889 shares of the auto manufacturer’s stock after selling 1,859 shares during the quarter. Atlas Capital Advisors LLC’s holdings in General Motors were worth $630,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of GM. Highlander Capital Management LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $27,000. Cape Investment Advisory Inc. lifted its holdings in shares of General Motors by 75.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 359 shares during the last quarter. Sachetta LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $33,000. Bfsg LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in General Motors in the 4th quarter worth approximately $36,000. 92.67% of the stock is owned by institutional investors.

General Motors Trading Down 3.5 %

Shares of NYSE:GM traded down $1.69 during trading on Tuesday, reaching $46.42. 18,066,455 shares of the company were exchanged, compared to its average volume of 16,269,555. The firm has a market capitalization of $52.96 billion, a PE ratio of 5.67, a P/E/G ratio of 0.55 and a beta of 1.46. The business’s fifty day simple moving average is $45.39 and its 200-day simple moving average is $41.20. General Motors has a 12-month low of $26.30 and a 12-month high of $49.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the company posted $2.21 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, research analysts anticipate that General Motors will post 9.44 EPS for the current year.

General Motors declared that its Board of Directors has initiated a stock buyback program on Tuesday, June 11th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 10.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, June 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.03%. General Motors’s dividend payout ratio (DPR) is 5.87%.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 626,316 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $43.46, for a total transaction of $27,219,693.36. Following the completion of the transaction, the chief executive officer now directly owns 1,198,648 shares of the company’s stock, valued at approximately $52,093,242.08. The disclosure for this sale can be found here. Insiders sold a total of 1,183,243 shares of company stock worth $53,203,153 over the last three months. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GM shares. Royal Bank of Canada boosted their target price on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, April 23rd. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Barclays boosted their target price on shares of General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Bank of America reissued a “buy” rating and set a $75.00 price objective on shares of General Motors in a research report on Wednesday, June 12th. Finally, Mizuho boosted their price objective on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.91.

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.