General Motors (NYSE:GM) Position Trimmed by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 22.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124 shares of the auto manufacturer’s stock after selling 332 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in General Motors were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Lisle Cummings Inc. lifted its holdings in shares of General Motors by 15.4% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 2,827 shares of the auto manufacturer’s stock valued at $127,000 after buying an additional 377 shares during the last quarter. OLD National Bancorp IN acquired a new stake in shares of General Motors during the 3rd quarter valued at about $269,000. Resonant Capital Advisors LLC lifted its holdings in shares of General Motors by 16.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 7,780 shares of the auto manufacturer’s stock valued at $349,000 after buying an additional 1,089 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of General Motors by 204.9% during the 3rd quarter. Blue Trust Inc. now owns 7,654 shares of the auto manufacturer’s stock valued at $356,000 after buying an additional 5,144 shares during the last quarter. Finally, Accurate Wealth Management LLC lifted its holdings in shares of General Motors by 102.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 16,174 shares of the auto manufacturer’s stock valued at $774,000 after buying an additional 8,175 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

GM opened at $52.70 on Friday. The stock has a market cap of $60.13 billion, a PE ratio of 6.44, a P/E/G ratio of 0.56 and a beta of 1.42. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. General Motors has a 1 year low of $26.30 and a 1 year high of $54.29. The stock’s 50 day simple moving average is $47.52 and its 200-day simple moving average is $46.09.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts forecast that General Motors will post 9.95 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GM. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 target price on shares of General Motors in a report on Tuesday, September 10th. Barclays boosted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a report on Friday, October 11th. Finally, Sanford C. Bernstein lowered General Motors from an “outperform” rating to a “market perform” rating and set a $53.00 target price for the company. in a report on Monday, September 23rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Motors has a consensus rating of “Hold” and a consensus target price of $56.97.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 2,302 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the transaction, the executive vice president now directly owns 10,356 shares in the company, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 531,228 shares of company stock worth $28,267,714 over the last three months. Company insiders own 0.72% of the company’s stock.

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.