IMS Capital Management lowered its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 13.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,708 shares of the auto manufacturer’s stock after selling 1,700 shares during the period. IMS Capital Management’s holdings in General Motors were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GM. AGF Investments LLC raised its stake in shares of General Motors by 28.0% during the second quarter. AGF Investments LLC now owns 1,183 shares of the auto manufacturer’s stock valued at $46,000 after acquiring an additional 259 shares during the last quarter. Milestone Group Inc. raised its stake in shares of General Motors by 4.1% during the second quarter. Milestone Group Inc. now owns 7,350 shares of the auto manufacturer’s stock valued at $283,000 after acquiring an additional 291 shares during the last quarter. Western Wealth Management LLC raised its stake in shares of General Motors by 4.5% during the second quarter. Western Wealth Management LLC now owns 6,794 shares of the auto manufacturer’s stock valued at $261,000 after acquiring an additional 294 shares during the last quarter. RPg Family Wealth Advisory LLC raised its stake in shares of General Motors by 6.3% during the first quarter. RPg Family Wealth Advisory LLC now owns 5,054 shares of the auto manufacturer’s stock valued at $188,000 after acquiring an additional 300 shares during the last quarter. Finally, Rothschild Investment Corp IL raised its stake in shares of General Motors by 1.1% during the second quarter. Rothschild Investment Corp IL now owns 27,967 shares of the auto manufacturer’s stock valued at $1,078,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.

NYSE GM traded up $0.48 during mid-day trading on Thursday, reaching $34.63. 559,662 shares of the stock were exchanged, compared to its average volume of 9,251,946. General Motors has a one year low of $30.56 and a one year high of $41.90. The stock has a 50 day simple moving average of $37.08 and a 200-day simple moving average of $37.75. The stock has a market cap of $48.74 billion, a P/E ratio of 5.29, a P/E/G ratio of 0.47 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.96 and a quick ratio of 0.83.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.21. General Motors had a net margin of 6.31% and a return on equity of 21.08%. The business had revenue of $36.06 billion during the quarter, compared to the consensus estimate of $36.03 billion. During the same quarter last year, the firm earned $1.81 earnings per share. General Motors’s quarterly revenue was down 1.9% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 6.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, September 5th. General Motors’s payout ratio is 23.24%.

Several equities analysts have recently issued reports on GM shares. Nomura set a $38.00 price target on shares of General Motors and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays dropped their price target on shares of General Motors from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Credit Suisse Group started coverage on shares of General Motors in a research note on Wednesday, June 26th. They set an “outperform” rating and a $48.00 price target for the company. Citigroup raised their price target on shares of General Motors from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, ValuEngine downgraded shares of General Motors from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $46.62.

In other General Motors news, President Mark L. Reuss sold 275,944 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $40.03, for a total value of $11,046,038.32. Following the completion of the sale, the president now directly owns 479,413 shares in the company, valued at $19,190,902.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew Tsien sold 83,067 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $39.50, for a total transaction of $3,281,146.50. Following the completion of the sale, the executive vice president now owns 84,667 shares of the company’s stock, valued at $3,344,346.50. The disclosure for this sale can be found here. Insiders sold 375,944 shares of company stock valued at $14,996,038 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.

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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