Landscape Capital Management L.L.C. Cuts Stock Position in General Motors (NYSE:GM)

Landscape Capital Management L.L.C. trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 29.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,231 shares of the auto manufacturer’s stock after selling 6,207 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in General Motors were worth $683,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC grew its stake in General Motors by 15.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer’s stock worth $510,000 after buying an additional 1,559 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of General Motors by 12.1% during the third quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer’s stock worth $73,070,000 after acquiring an additional 175,860 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of General Motors by 121.5% during the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer’s stock worth $2,115,000 after acquiring an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC raised its position in shares of General Motors by 115.1% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer’s stock valued at $8,001,000 after purchasing an additional 95,484 shares during the last quarter. Finally, Olstein Capital Management L.P. raised its position in shares of General Motors by 14.9% in the 3rd quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer’s stock valued at $7,264,000 after purchasing an additional 21,000 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

Shares of NYSE GM opened at $58.53 on Friday. The company has a market capitalization of $64.36 billion, a PE ratio of 6.24, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company’s fifty day moving average price is $50.74 and its 200 day moving average price is $47.69. General Motors has a 1 year low of $27.93 and a 1 year high of $59.39.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same period in the prior year, the company posted $2.28 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts predict that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, December 6th. General Motors’s payout ratio is 5.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GM shares. Morgan Stanley lowered shares of General Motors from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $47.00 to $42.00 in a research note on Wednesday, September 25th. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 target price on shares of General Motors in a research note on Tuesday, September 10th. Nomura Securities upgraded General Motors to a “strong sell” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group increased their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.92.

Insider Activity

In other news, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total transaction of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $417,307.26. The trade was a 60.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction dated Wednesday, October 23rd. The stock was 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 in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,034,351 shares of company stock worth $56,601,268 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

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.