First Dallas Securities Inc. Has $436,000 Stock Position in General Motors (NYSE:GM)

First Dallas Securities Inc. trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,719 shares of the auto manufacturer’s stock after selling 745 shares during the period. First Dallas Securities Inc.’s holdings in General Motors were worth $436,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of General Motors during the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the third quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of General Motors in the third quarter valued at approximately $27,000. Wellington Shields Capital Management LLC acquired a new position in General Motors during the second quarter worth $28,000. Finally, EdgeRock Capital LLC acquired a new position in General Motors during the second quarter worth $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their target price on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group increased their target price on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. DZ Bank downgraded 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. UBS Group lifted their target price on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Mizuho boosted their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.89.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by corporate insiders.

General Motors Stock Down 1.3 %

Shares of GM opened at $52.74 on Tuesday. The business’s 50 day moving average is $52.41 and its 200 day moving average is $48.47. The company has a market capitalization of $57.99 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.40 and a beta of 1.42. General Motors has a 12-month low of $32.83 and a 12-month high of $61.24. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

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

General Motors Dividend Announcement

The business 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 $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.91%. General Motors’s payout ratio is 5.12%.

General Motors 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.