General Motors (NYSE:GM) Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,774 shares of the auto manufacturer’s stock after selling 574 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in General Motors were worth $734,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GM. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth approximately $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in General Motors in the 3rd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in General Motors in the 3rd quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in General Motors in the 4th quarter valued at $28,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of General Motors stock opened at $47.84 on Friday. The business has a 50-day moving average of $50.81 and a 200 day moving average of $50.11. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The stock has a market capitalization of $47.60 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research note on Wednesday, December 11th. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped their target price on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Hold” and an average target price of $59.71.

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.