Tidal Investments LLC Buys 20,206 Shares of General Motors (NYSE:GM)

Tidal Investments LLC increased its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 44.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,389 shares of the auto manufacturer's stock after buying an additional 20,206 shares during the quarter. Tidal Investments LLC's holdings in General Motors were worth $2,932,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GM. Strategic Investment Solutions Inc. IL bought a new stake in General Motors during the second quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors during the 3rd quarter worth $27,000. Wellington Shields Capital Management LLC bought a new stake in shares of General Motors during the 2nd quarter worth $28,000. Truvestments Capital LLC acquired a new stake in General Motors in the third quarter valued at about $27,000. Finally, EdgeRock Capital LLC acquired a new stake in General Motors in the second quarter valued at about $33,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 9,307 shares of the company's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total transaction of $502,671.07. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $459,787.13. This represents a 52.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now owns 122,465 shares of the company's stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock worth $56,509,286 over the last ninety days. 0.72% of the stock is currently owned by company insiders.

General Motors Stock Down 0.6 %

GM traded down $0.33 during trading on Monday, hitting $52.20. 11,686,865 shares of the company's stock were exchanged, compared to its average volume of 14,712,841. General Motors has a fifty-two week low of $34.32 and a fifty-two week high of $61.24. The stock has a market cap of $57.40 billion, a P/E ratio of 5.59, a PEG ratio of 0.39 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $53.00 and its two-hundred day moving average is $48.72.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the prior year, the firm posted $2.28 EPS. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, 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. Shareholders of record on Friday, December 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 6th. General Motors's dividend payout ratio is currently 5.12%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GM. The Goldman Sachs Group boosted their target price on shares of General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a research note on Tuesday, October 1st. Mizuho boosted 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. Wolfe Research began coverage on General Motors in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Barclays upped their price objective 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, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.70.

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.