General Motors Company (GM) Shares Bought by ACR Alpine Capital Research LLC
ACR Alpine Capital Research LLC boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,464,019 shares of the auto manufacturer’s stock after buying an additional 71,993 shares during the quarter. General Motors makes up 5.4% of ACR Alpine Capital Research LLC’s holdings, making the stock its 8th biggest holding. ACR Alpine Capital Research LLC owned approximately 0.17% of General Motors worth $99,497,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in GM. YorkBridge Wealth Partners LLC boosted its stake in shares of General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of General Motors during the first quarter valued at about $106,000. FNY Managed Accounts LLC acquired a new stake in shares of General Motors during the first quarter valued at about $107,000. State of Alaska Department of Revenue boosted its stake in shares of General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock valued at $113,000 after purchasing an additional 310 shares in the last quarter. Finally, Ffcm LLC boosted its stake in shares of General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 3,213 shares in the last quarter. 74.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Motors Company (NYSE GM) traded down $0.14 during trading hours on Thursday, hitting $42.86. The company had a trading volume of 13,620,000 shares, compared to its average volume of 13,435,734. The stock has a market capitalization of $60,880.00, a PE ratio of 6.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors Company has a one year low of $31.92 and a one year high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 earnings per share. analysts anticipate that General Motors Company will post 6.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.55%. General Motors’s payout ratio is 32.90%.
In other General Motors news, Director Jane L. Mendillo acquired 1,440 shares of the business’s stock in a transaction on Friday, August 18th. The shares were acquired at an average price of $34.86 per share, with a total value of $50,198.40. Following the completion of the transaction, the director now owns 4,560 shares in the company, valued at $158,961.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alan S. Batey sold 234,274 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the completion of the transaction, the insider now directly owns 67,548 shares in the company, valued at approximately $2,569,525.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 971,122 shares of company stock worth $40,627,952. 0.04% of the stock is owned by insiders.
A number of equities analysts recently commented on the company. UBS AG reaffirmed a “buy” rating and issued a $50.00 price objective (up from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Buckingham Research reaffirmed a “hold” rating on shares of General Motors in a research note on Thursday, August 24th. Craig Hallum set a $45.00 price objective on General Motors and gave the stock a “hold” rating in a research note on Wednesday, October 25th. BidaskClub lowered General Motors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered General Motors from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.61.
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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