General Motors (NYSE:GM) Shares Sold by Teewinot Capital Advisers L.L.C.

Teewinot Capital Advisers L.L.C. lessened its position in General Motors (NYSE:GM) (TSE:GMM.U) by 33.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 756,515 shares of the auto manufacturer’s stock after selling 380,554 shares during the quarter. General Motors comprises 3.5% of Teewinot Capital Advisers L.L.C.’s holdings, making the stock its 14th largest position. Teewinot Capital Advisers L.L.C. owned 0.07% of General Motors worth $35,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gryphon Financial Partners LLC acquired a new position in General Motors during the fourth quarter worth about $335,000. TD Asset Management Inc grew its position in shares of General Motors by 4.6% in the fourth quarter. TD Asset Management Inc now owns 481,538 shares of the auto manufacturer’s stock valued at $17,297,000 after purchasing an additional 21,318 shares in the last quarter. TFO Wealth Partners LLC increased its holdings in shares of General Motors by 41,185.7% in the fourth quarter. TFO Wealth Partners LLC now owns 8,670 shares of the auto manufacturer’s stock valued at $311,000 after purchasing an additional 8,649 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in General Motors during the fourth quarter worth approximately $4,722,000. Finally, Alberta Investment Management Corp boosted its stake in General Motors by 82.9% during the fourth quarter. Alberta Investment Management Corp now owns 55,250 shares of the auto manufacturer’s stock worth $1,985,000 after buying an additional 25,050 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on GM shares. Royal Bank of Canada reduced their price target on General Motors from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Bank of America reaffirmed a “buy” rating and set a $75.00 target price on shares of General Motors in a research note on Wednesday, June 12th. UBS Group boosted their target price on shares of General Motors from $61.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Wolfe Research initiated coverage on shares of General Motors in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their price objective on General Motors from $34.00 to $33.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $54.92.

General Motors Trading Up 1.5 %

Shares of GM stock opened at $46.48 on Monday. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $50.50. The company has a 50 day moving average price of $46.02 and a 200 day moving average price of $45.55. The stock has a market capitalization of $53.03 billion, a P/E ratio of 5.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.67 by $0.39. The business had revenue of $47.97 billion during the quarter, compared to the consensus estimate of $45.13 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. Equities research analysts predict that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, September 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, September 6th. General Motors’s payout ratio is presently 5.87%.

General Motors announced that its board has authorized a share repurchase program on Tuesday, June 11th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 10.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at General Motors

In other news, CFO Paul A. Jacobson bought 25,000 shares of General Motors stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the acquisition, the chief financial officer now directly owns 261,872 shares in the company, valued at $11,551,173.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Rory Harvey sold 2,302 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the transaction, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at approximately $489,942.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Paul A. Jacobson bought 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the transaction, the chief financial officer now directly owns 261,872 shares in the company, valued at approximately $11,551,173.92. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

General Motors Company 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.