New York State Common Retirement Fund Trims Position in General Motors (NYSE:GM)

New York State Common Retirement Fund lowered its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,506,201 shares of the auto manufacturer's stock after selling 151,659 shares during the period. New York State Common Retirement Fund owned 0.13% of General Motors worth $67,538,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GM. Norden Group LLC bought a new position in shares of General Motors during the 1st quarter valued at about $493,000. J.W. Cole Advisors Inc. boosted its holdings in shares of General Motors by 12.3% in the first quarter. J.W. Cole Advisors Inc. now owns 12,948 shares of the auto manufacturer's stock valued at $587,000 after buying an additional 1,418 shares during the period. Mission Wealth Management LP bought a new stake in shares of General Motors during the first quarter worth $262,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of General Motors by 4.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 692,199 shares of the auto manufacturer's stock worth $31,391,000 after acquiring an additional 27,078 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in General Motors by 7.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,901 shares of the auto manufacturer's stock valued at $18,634,000 after acquiring an additional 27,178 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 506,824 shares of the business's stock in a transaction dated 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 directly owns 694,548 shares of the company's stock, valued at approximately $37,040,244.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 9,307 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $459,787.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 531,228 shares of company stock worth $28,267,714. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Nomura Securities upgraded General Motors to a "strong sell" rating in a report on Monday, August 5th. UBS Group upped their target price on General Motors from $58.00 to $62.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Barclays raised their price target on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, seven have issued 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 price target of $56.92.

General Motors Stock Up 0.4 %

Shares of GM traded up $0.20 on Friday, reaching $50.96. The company's stock had a trading volume of 10,289,522 shares, compared to its average volume of 15,030,153. The stock has a market capitalization of $56.04 billion, a PE ratio of 5.43, a PEG ratio of 0.39 and a beta of 1.40. 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 twelve month low of $26.30 and a twelve month high of $54.29. The firm has a fifty day moving average of $48.31 and a 200-day moving average of $46.49.

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. The business had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 EPS. Equities analysts predict that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The firm 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, December 6th. General Motors's payout ratio is 5.12%.

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.