General Motors Company (NYSE:GM) Shares Sold by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,276,310 shares of the auto manufacturer’s stock after selling 163,300 shares during the period. Canada Pension Plan Investment Board’s holdings in General Motors were worth $44,582,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in shares of General Motors by 92.5% in the fourth quarter. Macquarie Group Ltd. now owns 76,600 shares of the auto manufacturer’s stock worth $2,669,000 after buying an additional 36,800 shares in the last quarter. E&G Advisors LP boosted its stake in shares of General Motors by 12.6% in the first quarter. E&G Advisors LP now owns 40,176 shares of the auto manufacturer’s stock worth $1,421,000 after buying an additional 4,500 shares in the last quarter. Regentatlantic Capital LLC boosted its stake in shares of General Motors by 1.4% in the first quarter. Regentatlantic Capital LLC now owns 241,280 shares of the auto manufacturer’s stock worth $8,532,000 after buying an additional 3,244 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of General Motors by 6.7% in the first quarter. Capstone Asset Management Co. now owns 318,627 shares of the auto manufacturer’s stock worth $11,267,000 after buying an additional 19,968 shares in the last quarter. Finally, Alpha Windward LLC boosted its stake in shares of General Motors by 0.4% in the first quarter. Alpha Windward LLC now owns 5,417 shares of the auto manufacturer’s stock worth $192,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 76.02% of the company’s stock.
General Motors Company (NYSE:GM) opened at 34.88 on Friday. The firm’s 50-day moving average is $35.35 and its 200 day moving average is $35.16. General Motors Company has a 12 month low of $30.13 and a 12 month high of $38.55. The firm has a market capitalization of $50.83 billion, a P/E ratio of 6.06 and a beta of 1.45. General Motors also was the recipient of some unusual options trading activity on Tuesday. Investors bought 16,324 put options on the stock. This is an increase of 237% compared to the average daily volume of 4,840 put options.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The firm had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. During the same period last year, the firm earned $1.86 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts expect that General Motors Company will post $6.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, September 7th. General Motors’s payout ratio is 26.48%.
WARNING: “General Motors Company (NYSE:GM) Shares Sold by Canada Pension Plan Investment Board” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.watchlistnews.com/general-motors-company-nysegm-shares-sold-by-canada-pension-plan-investment-board/1473634.html.
A number of equities research analysts have recently issued reports on GM shares. UBS AG restated a “buy” rating and set a $40.00 price objective (up previously from $38.00) on shares of General Motors in a report on Friday, April 14th. Nomura restated a “buy” rating and set a $47.00 price objective on shares of General Motors in a report on Tuesday, May 2nd. BMO Capital Markets restated a “market perform” rating on shares of General Motors in a report on Wednesday, May 3rd. Buckingham Research restated a “neutral” rating on shares of General Motors in a report on Friday, June 2nd. Finally, Vetr upgraded General Motors to a “strong-buy” rating in a report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.26.
In other General Motors news, insider Karl-Thomas Neumann sold 46,472 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $32.84, for a total value of $1,526,140.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane L. Mendillo purchased 1,520 shares of the business’s stock in a transaction on Friday, May 26th. The stock was purchased at an average cost of $32.92 per share, with a total value of $50,038.40. Following the completion of the acquisition, the director now owns 3,120 shares in the company, valued at $102,710.40. The disclosure for this purchase can be found here. Over the last three months, insiders sold 369,001 shares of company stock valued at $12,827,204. Insiders own 0.04% of the company’s stock.
About General Motors
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.
Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GM) (TSE:GMM.U).
Receive News & Ratings for General Motors Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company and related companies with Analyst Ratings Network's FREE daily email newsletter.