General Motors (GM) Stake Increased by Afam Capital Inc.

Afam Capital Inc. grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,557 shares of the auto manufacturer’s stock after acquiring an additional 2,753 shares during the period. Afam Capital Inc.’s holdings in General Motors were worth $6,685,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GM. Vanguard Group Inc. grew its stake in General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after purchasing an additional 3,560,717 shares in the last quarter. BlackRock Inc. grew its stake in General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after purchasing an additional 850,211 shares in the last quarter. Berkshire Hathaway Inc. grew its stake in General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares in the last quarter. Capital World Investors grew its stake in General Motors by 5.0% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after purchasing an additional 1,500,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in General Motors by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after purchasing an additional 331,621 shares in the last quarter. Institutional investors own 73.06% of the company’s stock.

In other news, CAO Thomas S. Timko sold 44,791 shares of General Motors stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the sale, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at $2,971,617.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of General Motors stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.49, for a total value of $11,810,226.42. Following the sale, the chief financial officer now directly owns 326,510 shares in the company, valued at approximately $14,526,429.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,059,526 shares of company stock worth $44,428,425. Corporate insiders own 0.04% of the company’s stock.

Shares of General Motors (NYSE GM) traded down $0.35 during midday trading on Tuesday, reaching $41.67. 14,112,400 shares of the company’s stock were exchanged, compared to its average volume of 13,488,139. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76. The company has a market capitalization of $59,685.55, a PE ratio of 6.79, a P/E/G ratio of 0.73 and a beta of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.72 earnings per share. research analysts anticipate that General Motors will post 6.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.65%. General Motors’s dividend payout ratio (DPR) is presently 77.95%.

GM has been the subject of a number of research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of General Motors in a research note on Tuesday, September 12th. Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target for the company. in a research note on Monday, November 13th. Citigroup reiterated a “buy” rating and issued a $53.00 price target on shares of General Motors in a research note on Monday, October 2nd. Berenberg Bank set a $31.00 price target on General Motors and gave the stock a “sell” rating in a research note on Monday, August 14th. Finally, Cascend Securities downgraded General Motors to a “buy” rating in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. General Motors currently has an average rating of “Hold” and a consensus target price of $43.70.

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General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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