Gabelli Funds LLC Sells 18,000 Shares of General Motors (GM)
Gabelli Funds LLC decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,000 shares of the auto manufacturer’s stock after selling 18,000 shares during the period. Gabelli Funds LLC’s holdings in General Motors were worth $7,870,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in GM. Dimensional Fund Advisors LP raised its holdings in General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after purchasing an additional 331,621 shares in the last quarter. Janus Henderson Group PLC raised its holdings in General Motors by 5.5% during the third quarter. Janus Henderson Group PLC now owns 10,815,151 shares of the auto manufacturer’s stock worth $436,729,000 after purchasing an additional 567,980 shares in the last quarter. Legal & General Group Plc raised its holdings in General Motors by 0.7% during the third quarter. Legal & General Group Plc now owns 7,828,786 shares of the auto manufacturer’s stock worth $316,139,000 after purchasing an additional 56,115 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in General Motors by 4.6% during the third quarter. Ameriprise Financial Inc. now owns 5,748,615 shares of the auto manufacturer’s stock worth $232,130,000 after purchasing an additional 251,273 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in General Motors by 1.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,272,310 shares of the auto manufacturer’s stock worth $216,112,000 after purchasing an additional 77,828 shares in the last quarter. Institutional investors and hedge funds own 72.49% of the company’s stock.
In related news, insider Mark L. Reuss sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the sale, the insider now owns 103,052 shares in the company, valued at $4,440,510.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now owns 57,091 shares in the company, valued at approximately $2,459,480.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,847 shares of company stock worth $7,363,108. 0.04% of the stock is owned by company insiders.
General Motors (NYSE:GM) opened at $41.46 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.79 and a current ratio of 0.89. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76. The firm has a market cap of $58,153.04, a P/E ratio of -14.35, a PEG ratio of 0.68 and a beta of 1.59.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. During the same period last year, the company posted $1.28 EPS. The company’s revenue was down 7.7% on a year-over-year basis. research analysts predict that General Motors will post 6.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.67%. General Motors’s dividend payout ratio (DPR) is -52.59%.
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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