General Motors (NYSE:GM) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 13.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,897 shares of the auto manufacturer’s stock after selling 4,584 shares during the period. Stratos Wealth Advisors LLC’s holdings in General Motors were worth $1,296,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of General Motors by 14.6% during the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock valued at $2,211,609,000 after acquiring an additional 6,201,777 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of General Motors by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer’s stock valued at $601,730,000 after acquiring an additional 135,717 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Motors by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after acquiring an additional 1,091,137 shares during the last quarter. LSV Asset Management lifted its position in General Motors by 2.6% during the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer’s stock worth $411,052,000 after buying an additional 223,260 shares during the period. Finally, ACR Alpine Capital Research LLC lifted its position in General Motors by 8.4% during the first quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after buying an additional 492,693 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

GM stock opened at $49.18 on Monday. General Motors has a 1 year low of $26.30 and a 1 year high of $50.50. The stock has a 50-day simple moving average of $47.01 and a 200-day simple moving average of $45.94. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The firm has a market cap of $56.11 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $47.97 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the firm earned $1.91 EPS. General Motors’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that General Motors will post 9.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GM. UBS Group increased their target price on General Motors from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. increased their target price on General Motors from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Nomura downgraded General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price on the stock. in a research report on Monday, August 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $54.00 target price on shares of General Motors in a research report on Wednesday, October 9th. Finally, Morgan Stanley downgraded General Motors from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $47.00 to $42.00 in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors currently has an average rating of “Hold” and an average target price of $55.35.

Insider Transactions at General Motors

In other news, CFO Paul A. Jacobson bought 25,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $44.11 per share, for a total transaction of $1,102,750.00. Following the transaction, the chief financial officer now owns 261,872 shares in the company, valued at $11,551,173.92. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Rory Harvey sold 12,795 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $417,307.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul A. Jacobson purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the acquisition, the chief financial officer now owns 261,872 shares in the company, valued at approximately $11,551,173.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

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.