Wilmington Savings Fund Society FSB Sells 4,628 Shares of General Motors (NYSE:GM)

Wilmington Savings Fund Society FSB lowered its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,892 shares of the auto manufacturer’s stock after selling 4,628 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in General Motors were worth $2,019,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GM. Golden State Wealth Management LLC purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in General Motors during the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors in the 3rd quarter worth $27,000. Truvestments Capital LLC bought a new position in shares of General Motors during the 3rd quarter worth $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of General Motors during the fourth quarter valued at $28,000. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Wedbush increased their price objective 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. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada increased their target price on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Mizuho boosted their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.28.

General Motors Trading Down 1.2 %

NYSE:GM opened at $47.35 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $51.80 and a 200-day simple moving average of $49.92. General Motors has a 12 month low of $37.83 and a 12 month high of $61.24. The company has a market capitalization of $47.12 billion, a P/E ratio of 7.70, a PEG ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities research analysts anticipate that General Motors will post 11.28 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is presently 7.80%.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

General Motors Profile

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.