Quest Partners LLC Purchases 16,788 Shares of General Motors (NYSE:GM)

Quest Partners LLC raised its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 81.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,516 shares of the auto manufacturer's stock after purchasing an additional 16,788 shares during the quarter. Quest Partners LLC's holdings in General Motors were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GM. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in General Motors during the 3rd quarter valued at approximately $27,000. Wellington Shields Capital Management LLC purchased a new position in shares of General Motors during the second quarter valued at about $28,000. Fortitude Family Office LLC raised its holdings in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock valued at $29,000 after buying an additional 225 shares during the period. Finally, EdgeRock Capital LLC bought a new position in shares of General Motors during the second quarter valued at approximately $33,000. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

General Motors stock traded down $1.14 on Tuesday, reaching $55.11. The company's stock had a trading volume of 14,528,953 shares, compared to its average volume of 14,896,432. The business's fifty day moving average price is $49.90 and its 200 day moving average price is $47.40. The company has a market cap of $60.60 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.43 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a twelve month low of $27.70 and a twelve month high of $59.39.

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 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion during 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 company's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 earnings per share. Equities analysts expect that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.87%. General Motors's dividend payout ratio (DPR) is currently 5.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Nomura lowered shares of General Motors from a "neutral" rating to a "reduce" rating and set a $34.00 target price on the stock. in a research report on Monday, August 5th. Morgan Stanley lowered General Motors from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $47.00 to $42.00 in a research report on Wednesday, September 25th. UBS Group boosted their price target on General Motors from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. DZ Bank downgraded General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price for the company. in a research note on Friday, October 11th. Finally, StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.92.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction 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. The trade was a 42.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction 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 transaction, the executive vice president now owns 10,356 shares in the company, valued at approximately $489,942.36. This trade represents a 18.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 653,511 shares of company stock valued at $35,012,844. 0.72% of the stock is currently owned by company insiders.

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.