Dumont & Blake Investment Advisors LLC Lowers Position in General Motors (NYSE:GM)

Dumont & Blake Investment Advisors LLC lowered its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 50.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,530 shares of the auto manufacturer's stock after selling 21,832 shares during the quarter. Dumont & Blake Investment Advisors LLC's holdings in General Motors were worth $965,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of GM. Capital World Investors lifted its stake in shares of General Motors by 14.6% during the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer's stock valued at $2,211,609,000 after acquiring an additional 6,201,777 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of General Motors by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer's stock valued at $601,730,000 after acquiring an additional 135,717 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 1,091,137 shares during the period. LSV Asset Management lifted its stake in shares of General Motors by 2.6% during the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer's stock valued at $411,052,000 after acquiring an additional 223,260 shares during the period. Finally, ACR Alpine Capital Research LLC lifted its stake in shares of General Motors by 8.4% during the first quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer's stock valued at $287,408,000 after acquiring an additional 492,693 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DZ Bank lowered General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research note on Friday, October 11th. The Goldman Sachs Group increased their target price on General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Royal Bank of Canada increased 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. Barclays increased their target price on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Nomura Securities raised General Motors to a "strong sell" rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $57.06.

General Motors Price Performance

GM traded down $0.65 on Friday, reaching $52.07. The stock had a trading volume of 8,484,350 shares, compared to its average volume of 15,136,464. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $54.29. The firm has a 50-day moving average of $47.68 and a 200-day moving average of $46.13. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $59.41 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The business's revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that General Motors will post 9.95 EPS for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.92%. General Motors's payout ratio is 5.87%.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 12,795 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $49.02, for a total transaction of $627,210.90. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at $417,307.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the 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 transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 12,795 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $417,307.26. The trade was 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 worth $28,267,714 in the last 90 days. Corporate insiders own 0.72% of the company's stock.

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.