Sanctuary Advisors LLC Buys 26,954 Shares of General Motors (NYSE:GM)

Sanctuary Advisors LLC lifted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 8.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 330,703 shares of the auto manufacturer's stock after purchasing an additional 26,954 shares during the period. Sanctuary Advisors LLC's holdings in General Motors were worth $14,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its holdings in General Motors by 15.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock valued at $510,000 after acquiring an additional 1,559 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of General Motors by 12.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock valued at $73,070,000 after purchasing an additional 175,860 shares during the last quarter. Foster & Motley Inc. increased its position in shares of General Motors by 121.5% during the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock worth $2,115,000 after buying an additional 25,869 shares during the period. Stoneridge Investment Partners LLC raised its stake in General Motors by 115.1% during the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock worth $8,001,000 after buying an additional 95,484 shares during the last quarter. Finally, Olstein Capital Management L.P. lifted its holdings in General Motors by 14.9% in the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer's stock valued at $7,264,000 after buying an additional 21,000 shares during the period. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GM. UBS Group raised their price objective on shares of 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 shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. Royal Bank of Canada upped their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Morgan Stanley raised General Motors from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $46.00 to $54.00 in a research report on Tuesday. Finally, Wolfe Research initiated coverage on General Motors in a report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $58.85.

General Motors Stock Up 0.4 %

General Motors stock traded up $0.23 on Friday, hitting $52.53. 8,849,316 shares of the stock traded hands, compared to its average volume of 14,725,391. The business's fifty day simple moving average is $53.00 and its 200 day simple moving average is $48.64. The firm has a market cap of $57.76 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42. 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 1 year low of $34.32 and a 1 year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business 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 firm posted $2.28 earnings per share. General Motors's quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed 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 yield of 0.91%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's dividend payout ratio (DPR) is presently 5.12%.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company's stock, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the company'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 completion of the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at $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. Over the last 90 days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by insiders.

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.