Foster & Motley Inc. Grows Stock Position in General Motors (NYSE:GM)

Foster & Motley Inc. lifted its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 121.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,169 shares of the auto manufacturer's stock after purchasing an additional 25,869 shares during the quarter. Foster & Motley Inc.'s holdings in General Motors were worth $2,115,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in General Motors in the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors in the third quarter worth about $27,000. Wellington Shields Capital Management LLC purchased a new stake in shares of General Motors during the 2nd quarter worth about $28,000. Fortitude Family Office LLC grew its position in shares of General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock valued at $29,000 after acquiring an additional 225 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in shares of General Motors in the 1st quarter valued at about $30,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GM. The Goldman Sachs Group raised their price objective on General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Wolfe Research initiated coverage on shares of General Motors in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. upped their target price on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Nomura Securities upgraded General Motors to a "strong sell" rating in a research note on Monday, August 5th. Finally, UBS Group raised their price objective on shares of General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $56.92.

Insider Activity

In other news, EVP Rory Harvey sold 2,302 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares in the company, valued at $489,942.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the sale, the executive vice president now owns 10,356 shares of the company's stock, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 531,228 shares of company stock valued at $28,267,714 over the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

General Motors Price Performance

Shares of NYSE GM traded up $0.25 during mid-day trading on Thursday, reaching $55.30. 6,688,094 shares of the company were exchanged, compared to its average volume of 14,970,141. General Motors has a 52 week low of $26.30 and a 52 week high of $55.93. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The company's 50 day moving average price is $48.58 and its 200 day moving average price is $46.72. The stock has a market capitalization of $60.81 billion, a PE ratio of 5.87, a PEG ratio of 0.39 and a beta of 1.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $2.28 earnings per share. Sell-side analysts forecast that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.87%. General Motors's dividend payout ratio (DPR) is presently 5.12%.

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.