EMC Capital Management Trims Stake in General Motors (NYSE:GM)

EMC Capital Management cut its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 84.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,500 shares of the auto manufacturer's stock after selling 8,408 shares during the period. EMC Capital Management's holdings in General Motors were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GM. Strategic Investment Solutions Inc. IL acquired a new position in General Motors during the second quarter valued at $25,000. Crews Bank & Trust acquired a new stake in General Motors in the fourth quarter valued at approximately $26,000. Catalyst Capital Advisors LLC purchased a new position in General Motors during the third quarter valued at $27,000. Truvestments Capital LLC purchased a new position in General Motors in the 3rd quarter valued at about $27,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of General Motors in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

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 value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. This represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and boosted their price target for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Barclays raised their target price on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Wedbush upped their price objective on General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Mizuho raised their target price on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Wells Fargo & Company lifted their price target on General Motors from $35.00 to $37.00 and gave the stock an "underweight" rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Motors has a consensus rating of "Hold" and an average price target of $61.28.

General Motors Stock Down 0.1 %

Shares of NYSE:GM opened at $49.46 on Friday. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $61.24. The firm's 50-day simple moving average is $52.82 and its 200-day simple moving average is $49.95. The company has a market cap of $49.21 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 0.28 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, equities research analysts predict that General Motors will post 11.45 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 0.97%. General Motors's dividend payout ratio is presently 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.

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