General Motors (NYSE:GM) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,803 shares of the auto manufacturer’s stock after selling 3,228 shares during the quarter. Soltis Investment Advisors LLC’s holdings in General Motors were worth $682,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GM. CWM LLC raised its stake in shares of General Motors by 17.8% in the 3rd quarter. CWM LLC now owns 57,583 shares of the auto manufacturer’s stock valued at $2,582,000 after purchasing an additional 8,700 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of General Motors in the 3rd quarter valued at about $389,000. Exchange Traded Concepts LLC raised its stake in shares of General Motors by 5.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 198,188 shares of the auto manufacturer’s stock valued at $8,887,000 after purchasing an additional 10,596 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in General Motors by 22.0% during the third quarter. CHICAGO TRUST Co NA now owns 15,206 shares of the auto manufacturer’s stock worth $682,000 after acquiring an additional 2,744 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in General Motors by 569.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,621 shares of the auto manufacturer’s stock worth $73,000 after acquiring an additional 1,379 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

General Motors Trading Down 1.8 %

General Motors stock opened at $46.53 on Tuesday. The firm has a 50 day simple moving average of $51.80 and a 200-day simple moving average of $49.95. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a market capitalization of $46.29 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. General Motors has a 12-month low of $37.83 and a 12-month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, equities research analysts expect that General Motors will post 11.28 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GM shares. Barclays increased their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group increased their price objective on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Mizuho increased their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $61.28.

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.