Pinnacle Wealth Management Advisory Group LLC Has $304,000 Stock Holdings in General Motors (NYSE:GM)

Pinnacle Wealth Management Advisory Group LLC lowered its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,458 shares of the auto manufacturer’s stock after selling 2,263 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in General Motors were worth $304,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock valued at $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. Morgan Stanley grew its position in shares of General Motors by 1.3% during the 3rd quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock worth $501,562,000 after buying an additional 201,080 shares during the period. Northern Trust Corp boosted its stake in General Motors by 1.8% during the 3rd quarter. Northern Trust Corp now owns 13,196,412 shares of the auto manufacturer’s stock worth $435,086,000 after acquiring an additional 237,359 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in General Motors by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,327,552 shares of the auto manufacturer’s stock valued at $370,966,000 after purchasing an additional 558,765 shares in the last quarter. Finally, LSV Asset Management raised its holdings in General Motors by 1.8% in the fourth quarter. LSV Asset Management now owns 8,772,070 shares of the auto manufacturer’s stock worth $315,093,000 after purchasing an additional 154,200 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. Company insiders own 0.72% of the company’s stock.

General Motors Stock Performance

Shares of NYSE GM traded up $0.26 during mid-day trading on Thursday, reaching $45.31. 5,202,781 shares of the company were exchanged, compared to its average volume of 16,775,902. General Motors has a twelve month low of $26.30 and a twelve month high of $46.17. The stock has a market capitalization of $51.70 billion, a P/E ratio of 5.57, a P/E/G ratio of 0.53 and a beta of 1.49. The company’s 50-day simple moving average is $43.05 and its 200-day simple moving average is $37.11. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.21 EPS. As a group, research analysts predict that General Motors will post 9.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is currently 5.87%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GM shares. Barclays lifted their target price on General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Morgan Stanley lifted their price target on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on General Motors from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Citigroup lifted their price objective on shares of General Motors from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their target price on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.65.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions 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, Baojun, and Wuling brand names.