CoreCap Advisors LLC Reduces Stock Holdings in General Motors (NYSE:GM)

CoreCap Advisors LLC reduced its holdings in General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 11.2% during the 4th quarter, Holdings Channel reports. The fund owned 6,948 shares of the auto manufacturer’s stock after selling 877 shares during the period. CoreCap Advisors LLC’s holdings in General Motors were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Blair William & Co. IL boosted its holdings in General Motors by 10.6% during the first quarter. Blair William & Co. IL now owns 157,520 shares of the auto manufacturer’s stock worth $6,890,000 after buying an additional 15,117 shares in the last quarter. Aviva PLC boosted its holdings in General Motors by 32.7% during the first quarter. Aviva PLC now owns 278,485 shares of the auto manufacturer’s stock worth $12,181,000 after buying an additional 68,683 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in General Motors by 12.8% during the first quarter. Moors & Cabot Inc. now owns 10,767 shares of the auto manufacturer’s stock valued at $471,000 after purchasing an additional 1,225 shares in the last quarter. Brighton Jones LLC lifted its holdings in General Motors by 13.9% during the first quarter. Brighton Jones LLC now owns 4,768 shares of the auto manufacturer’s stock valued at $208,000 after purchasing an additional 581 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its holdings in General Motors by 5.3% during the first quarter. Candriam Luxembourg S.C.A. now owns 103,800 shares of the auto manufacturer’s stock valued at $4,540,000 after purchasing an additional 5,184 shares in the last quarter. 78.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other General Motors news, CFO Paul A. Jacobson acquired 31,000 shares of the stock in a transaction dated Friday, May 19th. The stock was acquired at an average price of $32.60 per share, with a total value of $1,010,600.00. Following the completion of the purchase, the chief financial officer now owns 186,847 shares in the company, valued at approximately $6,091,212.20. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

General Motors Trading Up 0.4 %

Shares of GM stock opened at $32.41 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.10 and a quick ratio of 0.90. The firm has a market cap of $45.05 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.49 and a beta of 1.34. The company has a 50-day moving average of $33.83 and a two-hundred day moving average of $36.70. General Motors has a 1-year low of $30.33 and a 1-year high of $43.63.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last announced its earnings results on Tuesday, April 25th. The auto manufacturer reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.68. The company had revenue of $39.99 billion during the quarter, compared to analyst estimates of $39.38 billion. General Motors had a net margin of 5.84% and a return on equity of 15.74%. General Motors’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. On average, analysts predict that General Motors will post 6.68 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, June 2nd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, June 1st. General Motors’s payout ratio is 5.56%.

Wall Street Analysts Forecast Growth

GM has been the topic of several recent analyst reports. Mizuho decreased their price objective on shares of General Motors from $39.00 to $37.00 in a report on Wednesday, April 26th. Barclays decreased their price objective on shares of General Motors from $45.00 to $42.00 in a report on Wednesday, April 26th. Berenberg Bank downgraded shares of General Motors from a “buy” rating to a “hold” rating and decreased their price objective for the company from $45.00 to $41.00 in a report on Monday, January 30th. Royal Bank of Canada increased their target price on shares of General Motors from $46.00 to $48.00 in a research report on Wednesday, April 26th. Finally, Citigroup reduced their target price on shares of General Motors from $82.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, March 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, General Motors has an average rating of “Moderate Buy” and a consensus price target of $49.06.

General Motors Profile

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General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.