Sentinel Trust Co. LBA Acquires 62,202 Shares of General Motors Company (GM)

Sentinel Trust Co. LBA boosted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 63.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,127 shares of the auto manufacturer’s stock after buying an additional 62,202 shares during the period. General Motors comprises approximately 0.9% of Sentinel Trust Co. LBA’s holdings, making the stock its 18th largest position. Sentinel Trust Co. LBA’s holdings in General Motors were worth $5,593,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. McQueen Ball & Associates Inc. raised its stake in General Motors by 1.3% in the first quarter. McQueen Ball & Associates Inc. now owns 40,770 shares of the auto manufacturer’s stock valued at $1,442,000 after buying an additional 520 shares in the last quarter. Park National Corp OH raised its stake in General Motors by 5.9% in the first quarter. Park National Corp OH now owns 621,122 shares of the auto manufacturer’s stock valued at $21,963,000 after buying an additional 34,640 shares in the last quarter. Beacon Financial Group raised its stake in General Motors by 27.8% in the first quarter. Beacon Financial Group now owns 16,249 shares of the auto manufacturer’s stock valued at $575,000 after buying an additional 3,534 shares in the last quarter. Macquarie Group Ltd. raised its stake in General Motors by 92.5% in the fourth quarter. Macquarie Group Ltd. now owns 76,600 shares of the auto manufacturer’s stock valued at $2,669,000 after buying an additional 36,800 shares in the last quarter. Finally, Searle & CO. bought a new stake in General Motors during the fourth quarter valued at $585,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

Shares of General Motors Company (GM) traded up 1.884% during midday trading on Friday, reaching $35.425. 3,768,384 shares of the company’s stock traded hands. The firm has a market cap of $51.62 billion, a PE ratio of 6.159 and a beta of 1.45. General Motors Company has a 12 month low of $29.91 and a 12 month high of $38.55. The stock has a 50-day moving average price of $35.21 and a 200 day moving average price of $35.22.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.86 earnings per share. Equities research analysts predict that General Motors Company will post $6.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Thursday, September 7th. General Motors’s payout ratio is currently 26.48%.

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Several equities research analysts have recently weighed in on GM shares. BidaskClub lowered General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. BMO Capital Markets reiterated a “market perform” rating on shares of General Motors in a research note on Wednesday, May 3rd. Vetr upgraded General Motors from a “hold” rating to a “buy” rating and set a $37.42 price objective on the stock in a research note on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $37.00 target price on shares of General Motors in a report on Friday, July 14th. Finally, Buckingham Research reissued a “neutral” rating on shares of General Motors in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $39.38.

In other General Motors news, insider Karl-Thomas Neumann sold 234,274 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.77, for a total value of $8,145,706.98. Following the sale, the insider now directly owns 234,274 shares in the company, valued at approximately $8,145,706.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles K. Stevens III sold 16,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.80, for a total transaction of $572,800.00. Following the completion of the sale, the insider now owns 77,052 shares in the company, valued at $2,758,461.60. The disclosure for this sale can be found here. Insiders have sold a total of 371,687 shares of company stock worth $12,918,125 over the last 90 days. 0.04% of the stock is currently owned by corporate insiders.

General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.