Beaton Management Co. Inc. bought a new position in General Motors Company (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,300 shares of the auto manufacturer’s stock, valued at approximately $214,000.

Several other hedge funds have also recently modified their holdings of the business. Intrust Bank NA lifted its holdings in shares of General Motors by 0.3% in the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after buying an additional 25 shares during the period. IFC Holdings Incorporated FL lifted its holdings in shares of General Motors by 0.3% in the 2nd quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after buying an additional 88 shares during the period. Eads & Heald Investment Counsel lifted its holdings in shares of General Motors by 2.9% in the 2nd quarter. Eads & Heald Investment Counsel now owns 5,910 shares of the auto manufacturer’s stock worth $206,000 after buying an additional 165 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of General Motors by 2.7% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 6,428 shares of the auto manufacturer’s stock worth $225,000 after buying an additional 166 shares during the period. Finally, Cubic Asset Management LLC lifted its stake in shares of General Motors by 0.8% during the 2nd quarter. Cubic Asset Management LLC now owns 28,495 shares of the auto manufacturer’s stock worth $995,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 73.50% of the company’s stock.

Shares of General Motors Company (NYSE GM) traded down $0.68 during trading hours on Thursday, reaching $44.29. The company had a trading volume of 9,836,800 shares, compared to its average volume of 13,398,756. General Motors Company has a 12 month low of $31.92 and a 12 month high of $46.76. The firm has a market cap of $63,875.75, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.78 and a beta of 1.56. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54.

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

The firm 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.43%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is currently 77.95%.

A number of equities research analysts recently weighed in on the company. UBS Group AG restated a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Buckingham Research restated a “hold” rating on shares of General Motors in a research note on Thursday, August 24th. Craig Hallum set a $45.00 price objective on General Motors and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Piper Jaffray Companies set a $51.00 price objective on General Motors and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada upped their price objective on General Motors from $44.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. General Motors presently has a consensus rating of “Hold” and a consensus target price of $43.61.

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In related news, President Daniel Ammann sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total transaction of $1,900,000.00. Following the transaction, the president now directly owns 185,953 shares of the company’s stock, valued at approximately $7,066,214. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan S. Batey sold 234,274 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $38.04, for a total value of $8,911,782.96. Following the transaction, the insider now directly owns 67,548 shares in the company, valued at $2,569,525.92. The disclosure for this sale can be found here. Insiders have sold a total of 971,122 shares of company stock worth $40,627,952 over the last ninety days. 0.04% of the stock is currently owned by corporate insiders.

General Motors Company 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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