Banque Cantonale Vaudoise Cuts Holdings in General Motors (NYSE:GM)

Banque Cantonale Vaudoise lessened its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 36.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,041 shares of the auto manufacturer's stock after selling 11,981 shares during the period. Banque Cantonale Vaudoise's holdings in General Motors were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GM. Lingohr Asset Management GmbH boosted its holdings in General Motors by 5.3% in the third quarter. Lingohr Asset Management GmbH now owns 15,900 shares of the auto manufacturer's stock worth $713,000 after acquiring an additional 800 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in General Motors by 2.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 18,581 shares of the auto manufacturer's stock valued at $833,000 after purchasing an additional 416 shares in the last quarter. Prospera Financial Services Inc raised its holdings in General Motors by 25.7% in the third quarter. Prospera Financial Services Inc now owns 24,891 shares of the auto manufacturer's stock worth $1,116,000 after buying an additional 5,089 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of General Motors by 1,167.9% in the third quarter. Meeder Asset Management Inc. now owns 12,920 shares of the auto manufacturer's stock worth $579,000 after buying an additional 11,901 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in shares of General Motors by 15.3% during the third quarter. Caprock Group LLC now owns 29,402 shares of the auto manufacturer's stock valued at $1,318,000 after buying an additional 3,899 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Up 5.1 %

GM stock traded up $2.84 during trading on Friday, hitting $58.52. The company had a trading volume of 14,590,782 shares, compared to its average volume of 14,866,597. General Motors has a 52-week low of $27.93 and a 52-week high of $59.39. The company has a 50 day simple moving average of $50.74 and a 200-day simple moving average of $47.68. The firm has a market capitalization of $64.35 billion, a P/E ratio of 6.24, a PEG ratio of 0.42 and a beta of 1.40. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. During the same period last year, the business posted $2.28 EPS. General Motors's quarterly revenue was up 10.5% on a year-over-year basis. As a group, research analysts forecast that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's dividend payout ratio is currently 5.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GM shares. Wedbush upped their target price on shares of General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Nomura cut shares of General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 target price on the stock. in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Wolfe Research initiated coverage on General Motors in a report on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company upped their price objective on General Motors from $33.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $56.92.

Insider Transactions at General Motors

In related 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 completion of the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rory Harvey sold 9,307 shares of the firm's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at $459,787.13. This trade represents a 52.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,034,351 shares of company stock valued at $56,601,268 in the last 90 days. Insiders own 0.72% of the company's stock.

General Motors 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.