NWF Advisory Services Inc. Has $8.50 Million Stock Holdings in General Motors Company $GM

NWF Advisory Services Inc. trimmed its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,333 shares of the auto manufacturer’s stock after selling 10,636 shares during the quarter. General Motors makes up 0.9% of NWF Advisory Services Inc.’s portfolio, making the stock its 27th biggest position. NWF Advisory Services Inc.’s holdings in General Motors were worth $8,495,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC boosted its stake in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after purchasing an additional 7,058 shares during the period. Kathmere Capital Management LLC bought a new stake in General Motors in the second quarter valued at about $314,000. Patton Fund Management Inc. acquired a new position in General Motors in the second quarter valued at about $230,000. Finally, GC Wealth Management RIA LLC bought a new position in General Motors during the second quarter worth about $480,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $79.38 on Tuesday. The stock has a market capitalization of $74.05 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.76 and a beta of 1.31. General Motors Company has a 12 month low of $41.60 and a 12 month high of $85.18. The firm has a fifty day simple moving average of $78.80 and a 200 day simple moving average of $66.14. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on GM. Jefferies Financial Group upped their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, October 6th. TD Cowen reaffirmed a “buy” rating on shares of General Motors in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a research report on Thursday. Citigroup boosted their price target on shares of General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Mizuho set a $100.00 target price on General Motors in a report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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About General Motors

(Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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

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