General Motors (NYSE:GM) Stock Holdings Cut by Lehman & Derafelo Financial Resources LLC
Lehman & Derafelo Financial Resources LLC lessened its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 75,002 shares of the auto manufacturer’s stock after selling 3,641 shares during the period. General Motors comprises about 0.7% of Lehman & Derafelo Financial Resources LLC’s portfolio, making the stock its 27th largest holding. Lehman & Derafelo Financial Resources LLC’s holdings in General Motors were worth $1,898,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in GM. Advisory Alpha LLC lifted its position in shares of General Motors by 76.9% during the 1st quarter. Advisory Alpha LLC now owns 1,159 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 504 shares during the last quarter. HHM Wealth Advisors LLC acquired a new stake in shares of General Motors during the 1st quarter valued at $25,000. Howe & Rusling Inc. lifted its position in shares of General Motors by 246.3% during the 1st quarter. Howe & Rusling Inc. now owns 1,385 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 985 shares during the last quarter. Whittier Trust Co. lifted its position in shares of General Motors by 238.2% during the 1st quarter. Whittier Trust Co. now owns 1,488 shares of the auto manufacturer’s stock valued at $31,000 after acquiring an additional 1,048 shares during the last quarter. Finally, PrairieView Partners LLC purchased a new stake in shares of General Motors in the first quarter valued at $39,000. Institutional investors own 75.41% of the company’s stock.
Shares of NYSE:GM traded down $0.31 during trading on Friday, reaching $24.89. The stock had a trading volume of 17,784,317 shares, compared to its average volume of 12,769,398. General Motors has a 52 week low of $14.32 and a 52 week high of $41.90. The business’s 50-day moving average price is $25.92 and its 200 day moving average price is $26.92. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.12 and a quick ratio of 0.95. The stock has a market capitalization of $36.06 billion, a PE ratio of 23.70, a P/E/G ratio of 1.81 and a beta of 1.40.
In related news, EVP Julian G. Blissett purchased 9,300 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average price of $26.00 per share, with a total value of $241,800.00. Following the completion of the acquisition, the executive vice president now directly owns 22,130 shares in the company, valued at approximately $575,380. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.
A number of research firms have recently issued reports on GM. Goldman Sachs Group upgraded General Motors from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday, June 11th. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a report on Wednesday, May 27th. Morgan Stanley increased their target price on General Motors from $40.00 to $43.00 and gave the company a “positive” rating in a report on Thursday, June 11th. Deutsche Bank increased their price objective on General Motors from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Credit Suisse Group reiterated a “buy” rating and set a $33.00 price objective on shares of General Motors in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $35.37.
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, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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