Commonwealth Equity Services LLC cut its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,470 shares of the auto manufacturer’s stock after selling 24,508 shares during the quarter. Commonwealth Equity Services LLC’s holdings in General Motors were worth $10,523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Stellar Capital Management LLC grew its position in General Motors by 3.1% during the 2nd quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock valued at $2,067,000 after purchasing an additional 1,555 shares during the last quarter. WoodTrust Financial Corp grew its position in General Motors by 4.0% during the 3rd quarter. WoodTrust Financial Corp now owns 40,016 shares of the auto manufacturer’s stock valued at $1,348,000 after purchasing an additional 1,555 shares during the last quarter. Hallmark Capital Management Inc. grew its position in General Motors by 3.8% during the 3rd quarter. Hallmark Capital Management Inc. now owns 43,589 shares of the auto manufacturer’s stock valued at $1,468,000 after purchasing an additional 1,582 shares during the last quarter. Oakbrook Investments LLC grew its position in General Motors by 3.5% during the 3rd quarter. Oakbrook Investments LLC now owns 50,530 shares of the auto manufacturer’s stock valued at $1,701,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in General Motors by 22.7% during the 2nd quarter. Park Avenue Securities LLC now owns 9,349 shares of the auto manufacturer’s stock valued at $369,000 after purchasing an additional 1,727 shares during the last quarter. 73.61% of the stock is currently owned by institutional investors.

GM opened at $35.55 on Friday. General Motors has a 52-week low of $30.56 and a 52-week high of $45.52. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The stock has a market cap of $50.71 billion, a price-to-earnings ratio of 5.37, a P/E/G ratio of 0.68 and a beta of 1.25.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.62. General Motors had a net margin of 0.56% and a return on equity of 25.81%. The firm had revenue of $35.79 billion for the quarter, compared to analysts’ expectations of $34.85 billion. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that General Motors will post 6.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 22.96%.

Several analysts recently commented on GM shares. Bank of America reissued a “buy” rating and set a $60.00 price objective on shares of General Motors in a research report on Wednesday, September 12th. Citigroup lowered their target price on shares of General Motors to $60.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Piper Jaffray Companies set a $51.00 target price on shares of General Motors and gave the company a “buy” rating in a research note on Wednesday, July 25th. Guggenheim restated a “buy” rating and set a $52.00 target price on shares of General Motors in a research note on Friday, July 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $39.00 target price on shares of General Motors in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.15.

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General Motors Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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