General Motors (GM) Shares Bought by Greenleaf Trust
Greenleaf Trust raised its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,401 shares of the auto manufacturer’s stock after buying an additional 1,910 shares during the period. Greenleaf Trust’s holdings in General Motors were worth $1,246,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new position in shares of General Motors during the third quarter worth approximately $119,000. Cerebellum GP LLC bought a new position in General Motors during the 4th quarter worth $123,000. Stumpf Capital Management LLC bought a new position in General Motors during the 4th quarter worth $131,000. Hoertkorn Richard Charles bought a new position in General Motors during the 4th quarter worth $135,000. Finally, Fayez Sarofim & Co. bought a new position in General Motors during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.
In other news, CFO Charles K. Stevens III sold 35,000 shares of General Motors stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $40.88, for a total value of $1,430,800.00. Following the completion of the transaction, the chief financial officer now directly owns 26,052 shares of the company’s stock, valued at approximately $1,065,005.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stefan Jacoby sold 37,961 shares of General Motors stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total value of $1,627,388.07. Following the completion of the transaction, the executive vice president now directly owns 98,340 shares of the company’s stock, valued at $4,215,835.80. The disclosure for this sale can be found here. Insiders have sold a total of 203,847 shares of company stock worth $8,793,908 over the last ninety days. Company insiders own 0.04% of the company’s stock.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. equities analysts anticipate that General Motors will post 6.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.64%. The ex-dividend date is Thursday, March 8th. General Motors’s payout ratio is presently -52.59%.
A number of equities analysts have commented on the company. Berenberg Bank set a $34.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Wednesday, February 7th. Bank of America raised their price objective on General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Nomura set a $45.00 price objective on General Motors and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Royal Bank of Canada set a $52.00 price objective on General Motors and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Vetr raised General Motors from a “sell” rating to a “hold” rating and set a $40.24 target price on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $44.44.
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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