Visionary Asset Management Inc. trimmed its position in General Motors (NYSE:GM) (TSE:GMM.U) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,756 shares of the auto manufacturer’s stock after selling 6,736 shares during the quarter. General Motors accounts for 1.0% of Visionary Asset Management Inc.’s holdings, making the stock its 16th largest holding. Visionary Asset Management Inc.’s holdings in General Motors were worth $3,382,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock valued at $3,262,952,000 after acquiring an additional 3,560,717 shares during the last quarter. BlackRock Inc. grew its stake in shares of General Motors by 1.1% during the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after buying an additional 850,211 shares during the last quarter. Berkshire Hathaway Inc. grew its stake in shares of General Motors by 20.0% during the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the last quarter. Capital World Investors grew its stake in shares of General Motors by 5.0% during the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after buying an additional 1,500,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after buying an additional 331,621 shares during the last quarter. 73.06% of the stock is currently owned by institutional investors and hedge funds.

General Motors (NYSE:GM) opened at $40.81 on Friday. The stock has a market cap of $58,804.90, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.72 and a beta of 1.54. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. equities analysts expect that General Motors will post 6.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is currently 77.95%.

A number of analysts have weighed in on GM shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 target price on shares of General Motors in a research note on Tuesday, September 12th. Vetr cut shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research note on Monday, November 13th. Citigroup reaffirmed a “buy” rating and set a $53.00 target price on shares of General Motors in a research note on Monday, October 2nd. Cascend Securities cut shares of General Motors to a “buy” rating in a research note on Tuesday, December 5th. Finally, Standpoint Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $43.70.

In other news, CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the completion of the sale, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at $14,526,429.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the sale, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at $2,971,617.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 775,252 shares of company stock valued at $33,616,642. Insiders own 0.04% of the company’s stock.

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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.

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

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