Sanctuary Advisors LLC Cuts Stock Position in General Motors (NYSE:GM)

Sanctuary Advisors LLC reduced its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,277 shares of the auto manufacturer's stock after selling 18,426 shares during the quarter. Sanctuary Advisors LLC's holdings in General Motors were worth $15,458,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Trust Point Inc. grew its holdings in shares of General Motors by 2.7% during the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock worth $386,000 after purchasing an additional 193 shares in the last quarter. Allworth Financial LP grew its holdings in shares of General Motors by 2.3% during the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock worth $412,000 after purchasing an additional 205 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock worth $430,000 after purchasing an additional 213 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock worth $131,000 after purchasing an additional 213 shares in the last quarter. Finally, Holistic Planning LLC grew its holdings in shares of General Motors by 3.9% during the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after purchasing an additional 214 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GM shares. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on General Motors from $35.00 to $37.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and upped their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Mizuho upped their price objective on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, General Motors presently has a consensus rating of "Hold" and an average price target of $59.71.

General Motors Trading Down 3.3 %

NYSE GM traded down $1.59 during trading hours on Friday, hitting $46.31. 6,773,091 shares of the company's stock were exchanged, compared to its average volume of 10,552,047. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 1-year low of $38.94 and a 1-year high of $61.24. The stock has a 50-day simple moving average of $50.68 and a 200 day simple moving average of $50.16. The firm has a market cap of $46.07 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.67 and a beta of 1.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, equities analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company's stock, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.