General Motors (NYSE:GM) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 16.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 869,593 shares of the auto manufacturer’s stock after selling 169,777 shares during the quarter. Sei Investments Co.’s holdings in General Motors were worth $48,142,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Valley Forge Investment Consultants Inc. ADV boosted its holdings in General Motors by 388.9% during the 1st quarter. Valley Forge Investment Consultants Inc. ADV now owns 440 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 350 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in General Motors by 2,305.3% during the 1st quarter. TCI Wealth Advisors Inc. now owns 457 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 438 shares during the period. DB Wealth Management Group LLC purchased a new position in General Motors during the 4th quarter valued at about $27,000. Institutional & Family Asset Management LLC boosted its holdings in General Motors by 468.7% during the 4th quarter. Institutional & Family Asset Management LLC now owns 745 shares of the auto manufacturer’s stock valued at $31,000 after acquiring an additional 614 shares during the period. Finally, Inspire Advisors LLC purchased a new position in General Motors during the 4th quarter valued at about $31,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

GM opened at $61.34 on Friday. The firm has a market capitalization of $88.98 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.33. General Motors has a 52 week low of $23.33 and a 52 week high of $64.30. The stock’s 50 day moving average price is $58.46. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.92 and a current ratio of 1.08.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Wednesday, May 5th. The auto manufacturer reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $1.28. The business had revenue of $32.47 billion for the quarter, compared to analyst estimates of $33.15 billion. General Motors had a return on equity of 19.59% and a net margin of 7.49%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, sell-side analysts predict that General Motors will post 5.41 earnings per share for the current fiscal year.

In other news, EVP Matthew Tsien sold 16,989 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $63.95, for a total value of $1,086,446.55. Following the transaction, the executive vice president now owns 82,768 shares of the company’s stock, valued at $5,293,013.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen K. Carlisle sold 16,525 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $58.59, for a total value of $968,199.75. Following the completion of the transaction, the executive vice president now directly owns 101,920 shares in the company, valued at approximately $5,971,492.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,252 shares of company stock worth $90,753,377. Corporate insiders own 0.40% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut General Motors from a “hold” rating to a “strong sell” rating and set a $51.00 price objective for the company. in a research note on Tuesday, April 13th. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Argus lifted their price objective on General Motors from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, May 18th. They noted that the move was a valuation call. Evercore ISI raised their target price on General Motors from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 14th. They noted that the move was a valuation call. Finally, Barclays raised their target price on General Motors from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have issued a buy rating to the company’s stock. General Motors currently has a consensus rating of “Buy” and a consensus target price of $63.29.

General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts 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, Holden, Baojun, and Wuling brand names.

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

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