MassMutual Private Wealth & Trust FSB Sells 18,794 Shares of General Motors (NYSE:GM)

MassMutual Private Wealth & Trust FSB decreased its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,009 shares of the auto manufacturer's stock after selling 18,794 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in General Motors were worth $5,221,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the second quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors during the third quarter worth $27,000. Truvestments Capital LLC acquired a new stake in shares of General Motors during the third quarter valued at approximately $27,000. Eastern Bank acquired a new position in General Motors in the 3rd quarter worth approximately $34,000. Finally, Fairscale Capital LLC purchased a new position in General Motors during the 2nd quarter worth approximately $36,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM traded up $2.78 during mid-day trading on Tuesday, hitting $53.75. 7,639,578 shares of the company traded hands, compared to its average volume of 8,257,780. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a one year low of $34.56 and a one year high of $61.24. The stock has a market capitalization of $59.10 billion, a price-to-earnings ratio of 5.73, a PEG ratio of 0.37 and a beta of 1.42. The business has a 50-day moving average of $53.46 and a 200 day moving average of $49.69.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the previous year, the firm posted $2.28 earnings per share. General Motors's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts expect that General Motors will post 10.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. HSBC downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their target price on General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein lifted their price target on General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Wells Fargo & Company cut their price objective on shares of General Motors from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, General Motors presently has an average rating of "Hold" and a consensus target price of $60.05.

Insider Activity

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company's stock, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were 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 approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock valued at $56,509,286 in the last 90 days. 0.72% of the stock is owned by company insiders.

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.