Integrated Investment Consultants LLC Increases Stake in General Motors (NYSE:GM)

Integrated Investment Consultants LLC raised its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3,541.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,647 shares of the auto manufacturer’s stock after purchasing an additional 175,686 shares during the quarter. Integrated Investment Consultants LLC’s holdings in General Motors were worth $8,100,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. German American Bancorp Inc. increased its holdings in shares of General Motors by 11.2% during the 3rd quarter. German American Bancorp Inc. now owns 124,495 shares of the auto manufacturer’s stock valued at $5,582,000 after purchasing an additional 12,579 shares in the last quarter. Trustmark National Bank Trust Department increased its holdings in General Motors by 8.7% in the third quarter. Trustmark National Bank Trust Department now owns 25,891 shares of the auto manufacturer’s stock valued at $1,161,000 after buying an additional 2,067 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in shares of General Motors by 2.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 67,600 shares of the auto manufacturer’s stock worth $3,031,000 after acquiring an additional 1,300 shares in the last quarter. Portfolio Design Labs LLC acquired a new stake in shares of General Motors during the 3rd quarter valued at about $1,719,000. Finally, Advisors Asset Management Inc. raised its holdings in General Motors by 54.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 7,075 shares of the auto manufacturer’s stock worth $317,000 after purchasing an additional 2,484 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Down 0.4 %

Shares of NYSE GM opened at $54.88 on Thursday. The company has a market cap of $60.35 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.42 and a beta of 1.40. The stock’s 50 day simple moving average is $50.31 and its 200 day simple moving average is $47.53. 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 has a 12-month low of $27.70 and a 12-month 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 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 analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. General Motors’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.28 EPS. Equities research analysts expect that General Motors will post 10.35 EPS for the current year.

General Motors Dividend Announcement

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 dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.87%. General Motors’s payout ratio is 5.12%.

Analysts Set New Price Targets

A number of analysts have recently commented on GM shares. The Goldman Sachs Group boosted their price objective on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on shares of General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wolfe Research assumed coverage on shares of General Motors in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Barclays increased their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors presently has an average rating of “Hold” and an average price target of $56.92.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares of the company’s stock, valued at $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares in the company, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,036,653 shares of company stock valued at $56,710,175 over the last three months. Company insiders own 0.72% of the company’s stock.

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.