General Motors (NYSE:GM) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lessened its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 90.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,337 shares of the auto manufacturer's stock after selling 87,602 shares during the period. Pinnacle Financial Partners Inc's holdings in General Motors were worth $419,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in shares of General Motors by 1.6% during the 1st quarter. US Bancorp DE now owns 88,246 shares of the auto manufacturer's stock valued at $4,002,000 after purchasing an additional 1,358 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of General Motors in the first quarter worth about $625,000. HBK Sorce Advisory LLC grew its stake in General Motors by 89.8% during the first quarter. HBK Sorce Advisory LLC now owns 13,161 shares of the auto manufacturer's stock valued at $597,000 after acquiring an additional 6,227 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of General Motors by 14.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 53,078 shares of the auto manufacturer's stock valued at $2,407,000 after purchasing an additional 6,852 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of General Motors during the first quarter valued at approximately $286,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GM. Wolfe Research started coverage on shares of General Motors in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. DZ Bank downgraded General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective for the company. in a report on Friday, October 11th. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Sanford C. Bernstein upped their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $53.00 price objective on shares of General Motors in a report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $56.92.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 2,302 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total transaction of $108,907.62. Following the completion of the transaction, the executive vice president now owns 10,356 shares of the company's stock, valued at $489,942.36. This trade represents a 18.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the business's 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. This trade represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 653,511 shares of company stock worth $35,012,844 over the last 90 days. Company insiders own 0.72% of the company's stock.

General Motors Trading Down 0.6 %

NYSE:GM traded down $0.33 during trading hours on Friday, reaching $57.29. 6,624,379 shares of the company were exchanged, compared to its average volume of 14,882,854. The stock has a 50 day simple moving average of $49.52 and a 200 day simple moving average of $47.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 52-week low of $27.42 and a 52-week high of $59.39. The firm has a market cap of $63.00 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.44 and a beta of 1.40.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.84%. General Motors's dividend payout ratio is currently 5.12%.

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.