Stratos Wealth Advisors LLC Sells 471 Shares of General Motors Company $GM

Stratos Wealth Advisors LLC cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.0% in the second quarter, Holdings Channel.com reports. The firm owned 5,398 shares of the auto manufacturer’s stock after selling 471 shares during the period. Stratos Wealth Advisors LLC’s holdings in General Motors were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of GM. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors in the 2nd quarter valued at $25,000. GFG Capital LLC acquired a new position in shares of General Motors in the 2nd quarter valued at $27,000. Costello Asset Management INC acquired a new position in shares of General Motors in the 1st quarter valued at $32,000. RMG Wealth Management LLC acquired a new position in shares of General Motors in the 2nd quarter valued at $32,000. Finally, WPG Advisers LLC acquired a new position in shares of General Motors in the 1st quarter valued at $34,000. 92.67% of the stock is owned by institutional investors.

General Motors Trading Down 0.7%

Shares of General Motors stock opened at $57.95 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $55.17 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. General Motors Company has a 12-month low of $41.60 and a 12-month high of $62.14. The company has a 50-day simple moving average of $58.13 and a 200 day simple moving average of $52.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 EPS. Research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GM shares. Evercore ISI increased their price objective on shares of General Motors from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Mizuho increased their price objective on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research note on Friday, July 11th. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of General Motors in a research report on Thursday, October 16th. Finally, CLSA upgraded shares of General Motors to a “moderate buy” rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. The trade was a 43.67% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is owned by insiders.

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.