Nexus Investment Management Inc. decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 452,025 shares of the auto manufacturer’s stock after selling 800 shares during the period. General Motors accounts for about 2.4% of Nexus Investment Management Inc.’s holdings, making the stock its 22nd biggest holding. Nexus Investment Management Inc.’s holdings in General Motors were worth $16,942,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Next Capital Management LLC purchased a new position in shares of General Motors during the 2nd quarter valued at approximately $25,000. Trust Co. of Vermont lifted its position in shares of General Motors by 101.2% during the 2nd quarter. Trust Co. of Vermont now owns 666 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 335 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of General Motors during the 2nd quarter valued at approximately $26,000. Webster Bank N. A. lifted its position in shares of General Motors by 253.5% during the 2nd quarter. Webster Bank N. A. now owns 700 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 502 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its position in shares of General Motors by 90.9% during the 2nd quarter. Pathstone Family Office LLC now owns 733 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

In other news, President Mark L. Reuss sold 275,944 shares of General Motors stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $40.03, for a total transaction of $11,046,038.32. Following the transaction, the president now owns 479,413 shares in the company, valued at approximately $19,190,902.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew Tsien sold 16,933 shares of General Motors stock in a transaction on Monday, September 9th. The stock was sold at an average price of $39.50, for a total value of $668,853.50. Following the transaction, the executive vice president now owns 18,533 shares in the company, valued at approximately $732,053.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 375,944 shares of company stock worth $14,996,038. Insiders own 0.51% of the company’s stock.

GM stock traded up $0.26 during midday trading on Wednesday, reaching $34.14. The stock had a trading volume of 5,811,174 shares, compared to its average volume of 8,728,400. The company’s fifty day simple moving average is $37.08 and its 200 day simple moving average is $37.75. The company has a current ratio of 0.96, a quick ratio of 0.83 and a debt-to-equity ratio of 1.56. The company has a market cap of $49.84 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.47 and a beta of 1.40. General Motors has a 52-week low of $30.56 and a 52-week high of $41.90.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.43 by $0.21. General Motors had a return on equity of 21.08% and a net margin of 6.31%. The business had revenue of $36.06 billion for the quarter, compared to analyst estimates of $36.03 billion. During the same quarter in the previous year, the firm earned $1.81 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts predict that General Motors will post 6.78 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. General Motors’s dividend payout ratio is presently 23.24%.

A number of research analysts have weighed in on the company. Royal Bank of Canada raised their price objective on General Motors to $52.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Evercore ISI set a $50.00 price objective on General Motors and gave the company a “buy” rating in a report on Wednesday, August 7th. Citigroup raised their price objective on General Motors from $67.00 to $68.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays decreased their price objective on General Motors from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, UBS Group raised their price objective on General Motors from $46.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.62.

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

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