Sequoia Financial Advisors LLC Has $2.51 Million Stake in General Motors (NYSE:GM)

Sequoia Financial Advisors LLC grew its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 29.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,969 shares of the auto manufacturer's stock after purchasing an additional 12,729 shares during the quarter. Sequoia Financial Advisors LLC's holdings in General Motors were worth $2,510,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GM. Capital World Investors lifted its position in General Motors by 14.6% during the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock worth $2,211,609,000 after buying an additional 6,201,777 shares during the period. Swedbank AB acquired a new position in shares of General Motors in the 1st quarter valued at about $159,750,000. Artemis Investment Management LLP grew its holdings in shares of General Motors by 581.4% during the 3rd quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer's stock worth $71,827,000 after purchasing an additional 1,366,768 shares during the period. Retirement Systems of Alabama increased its position in General Motors by 366.6% during the 1st quarter. Retirement Systems of Alabama now owns 1,408,345 shares of the auto manufacturer's stock worth $63,868,000 after purchasing an additional 1,106,526 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in General Motors by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer's stock valued at $600,291,000 after buying an additional 1,091,137 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Price Performance

General Motors stock traded down $0.20 during mid-day trading on Thursday, hitting $52.72. The company's stock had a trading volume of 11,405,416 shares, compared to its average volume of 15,167,054. General Motors has a twelve month low of $26.30 and a twelve month high of $54.29. The stock's fifty day moving average price is $47.52 and its two-hundred day moving average price is $46.09. The stock has a market capitalization of $60.15 billion, a P/E ratio of 6.44, a P/E/G ratio of 0.56 and a beta of 1.42. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 1.23.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 15.77% and a net margin of 6.22%. General Motors's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 earnings per share. Research analysts forecast that General Motors will post 9.95 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently declared 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 dividend yield of 0.91%. General Motors's dividend payout ratio (DPR) is presently 5.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GM. Wedbush raised 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. UBS Group lifted their price objective on shares of General Motors from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Wednesday. Sanford C. Bernstein lowered shares of General Motors from an "outperform" rating to a "market perform" rating and set a $53.00 price target for the company. in a report on Monday, September 23rd. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, July 24th. Finally, Nomura Securities raised shares of General Motors to a "strong sell" rating in a report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $56.97.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 12,795 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $417,307.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Paul A. Jacobson bought 25,000 shares of the company's stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $44.11 per share, with a total value 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. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 12,795 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at $417,307.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.