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

Stratos Wealth Advisors LLC trimmed its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,972 shares of the auto manufacturer’s stock after selling 1,925 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in General Motors were worth $1,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stratos Wealth Partners LTD. raised its holdings in shares of General Motors by 28.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 57,275 shares of the auto manufacturer’s stock valued at $3,051,000 after acquiring an additional 12,612 shares during the period. Guidance Capital Inc. grew its position in General Motors by 6.1% during the 4th quarter. Guidance Capital Inc. now owns 21,334 shares of the auto manufacturer’s stock worth $1,150,000 after purchasing an additional 1,227 shares in the last quarter. Cassia Capital Partners LLC acquired a new stake in General Motors during the 4th quarter valued at $611,000. Ninety One SA PTY Ltd lifted its holdings in shares of General Motors by 16.9% in the fourth quarter. Ninety One SA PTY Ltd now owns 110,428 shares of the auto manufacturer’s stock valued at $5,882,000 after purchasing an additional 15,925 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in shares of General Motors by 38.7% in the fourth quarter. Ninety One UK Ltd now owns 4,089,633 shares of the auto manufacturer’s stock worth $217,855,000 after buying an additional 1,140,569 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of GM opened at $47.91 on Friday. The company has a market capitalization of $47.67 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a one year low of $37.83 and a one year high of $61.24. The company’s fifty day moving average price is $52.11 and its 200 day moving average price is $49.93.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, analysts expect that General Motors will post 11.41 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The stock was bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on 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 directly owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wedbush lifted their target price on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein upped their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.