Park National Corp OH Sells 1,500 Shares of General Motors (NYSE:GM)
Park National Corp OH decreased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 4.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,993 shares of the auto manufacturer’s stock after selling 1,500 shares during the quarter. Park National Corp OH’s holdings in General Motors were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in GM. Engineers Gate Manager LP lifted its stake in General Motors by 147.7% in the third quarter. Engineers Gate Manager LP now owns 49,437 shares of the auto manufacturer’s stock valued at $1,463,000 after buying an additional 29,477 shares during the period. Nuveen Asset Management LLC lifted its stake in General Motors by 16.3% in the third quarter. Nuveen Asset Management LLC now owns 5,432,645 shares of the auto manufacturer’s stock valued at $160,752,000 after buying an additional 762,733 shares during the period. OLD Mission Capital LLC acquired a new position in General Motors in the third quarter valued at about $205,000. Advisory Alpha LLC acquired a new stake in shares of General Motors during the third quarter worth about $40,000. Finally, Te Ahumairangi Investment Management Ltd acquired a new stake in shares of General Motors during the third quarter worth about $4,328,000. 77.70% of the stock is currently owned by hedge funds and other institutional investors.
GM stock opened at $60.29 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average price of $55.72 and a two-hundred day moving average price of $45.27. The company has a market cap of $86.87 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 0.85 and a beta of 1.42. General Motors has a twelve month low of $20.12 and a twelve month high of $63.44.
In other news, EVP Randall D. Mott sold 25,000 shares of General Motors stock in a transaction that occurred on Tuesday, January 19th. The stock was sold at an average price of $53.69, for a total transaction of $1,342,250.00. Following the completion of the transaction, the executive vice president now directly owns 89,427 shares in the company, valued at approximately $4,801,335.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen K. Carlisle sold 91,026 shares of General Motors stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $46.96, for a total value of $4,274,580.96. Following the transaction, the executive vice president now owns 106,024 shares of the company’s stock, valued at $4,978,887.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,687,265 shares of company stock valued at $97,013,151 over the last quarter. 0.65% of the stock is currently owned by corporate insiders.
GM has been the topic of a number of research analyst reports. Nomura Instinet raised General Motors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $27.00 to $60.00 in a research report on Wednesday, January 13th. Jefferies Financial Group raised their price target on General Motors from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Citigroup raised their price target on General Motors from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Royal Bank of Canada raised their price target on General Motors from $52.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, February 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on General Motors from $48.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. General Motors has an average rating of “Buy” and a consensus price target of $59.47.
General Motors Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names.
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