Morningstar Investment Services LLC Grows Position in General Motors Company (GM)

Morningstar Investment Services LLC increased its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 250,063 shares of the auto manufacturer’s stock after acquiring an additional 6,518 shares during the quarter. Morningstar Investment Services LLC’s holdings in General Motors were worth $10,098,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its holdings in General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 310 shares in the last quarter. Ffcm LLC raised its holdings in General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 3,213 shares in the last quarter. Ropes Wealth Advisors LLC raised its holdings in General Motors by 240.2% in the second quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after purchasing an additional 3,248 shares in the last quarter. Finally, Fayez Sarofim & Co. bought a new position in General Motors in the third quarter worth about $202,000. 73.50% of the stock is owned by institutional investors.

Shares of General Motors Company (GM) traded down $0.68 during midday trading on Friday, reaching $44.29. The company had a trading volume of 9,836,800 shares, compared to its average volume of 13,398,756. The stock has a market capitalization of $62,909.88, a price-to-earnings ratio of 7.16, a P/E/G ratio of 0.77 and a beta of 1.56. General Motors Company has a 52-week low of $31.92 and a 52-week high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 earnings per share. sell-side analysts anticipate that General Motors Company will post 6.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.43%. General Motors’s dividend payout ratio is currently 77.95%.

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A number of equities analysts have commented on GM shares. BidaskClub upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Citigroup Inc. reiterated a “buy” rating and issued a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Deutsche Bank AG upgraded shares of General Motors from a “hold” rating to a “buy” rating and upped their price objective for the company from $36.00 to $51.00 in a report on Monday, September 25th. Finally, Bank of America Corporation upgraded shares of General Motors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $57.00 in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.61.

In related news, insider Alan S. Batey sold 234,274 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the sale, the insider now owns 67,548 shares in the company, valued at $2,569,525.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $45.00, for a total value of $450,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 971,122 shares of company stock worth $40,627,952. 0.04% of the stock is owned by insiders.

General Motors Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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