General Motors (NYSE:GM) Shares Sold by Callan Capital LLC

Callan Capital LLC reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,341 shares of the auto manufacturer’s stock after selling 351 shares during the period. Callan Capital LLC’s holdings in General Motors were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GM. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the 4th quarter valued at approximately $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors during the 4th quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors during the 3rd quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of General Motors during the 3rd quarter valued at approximately $27,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of General Motors during the 4th quarter valued at approximately $27,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value 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. The trade was 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho upped their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Wednesday, December 11th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.71.

General Motors Trading Down 3.3 %

Shares of GM stock opened at $46.31 on Friday. The stock has a 50-day simple moving average of $50.68 and a 200 day simple moving average of $50.22. General Motors has a fifty-two week low of $38.94 and a fifty-two week high of $61.24. The stock has a market capitalization of $46.07 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its 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, sell-side analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.04%. General Motors’s dividend payout ratio is currently 7.80%.

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.