General Motors (GM) Stake Lowered by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lowered its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 51.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,032 shares of the auto manufacturer’s stock after selling 55,993 shares during the period. Chartwell Investment Partners LLC’s holdings in General Motors were worth $2,133,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new stake in shares of General Motors in the third quarter valued at $119,000. Cerebellum GP LLC purchased a new stake in shares of General Motors in the fourth quarter valued at $123,000. Independence Bank of Kentucky purchased a new stake in shares of General Motors in the fourth quarter valued at $129,000. Stumpf Capital Management LLC purchased a new stake in General Motors during the fourth quarter valued at about $131,000. Finally, Hoertkorn Richard Charles purchased a new stake in General Motors during the fourth quarter valued at about $135,000. 73.74% of the stock is owned by institutional investors and hedge funds.

Shares of General Motors (NYSE GM) opened at $41.09 on Tuesday. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $57,634.07, a PE ratio of 6.26, a PEG ratio of 0.79 and a beta of 1.59.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The company’s revenue was down 7.7% compared to the same quarter last year. research analysts expect that General Motors will post 6.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is -52.59%.

In related news, CFO Charles K. Stevens III sold 35,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $40.88, for a total value of $1,430,800.00. Following the transaction, the chief financial officer now owns 26,052 shares in the company, valued at $1,065,005.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $43.08, for a total value of $2,173,084.44. Following the completion of the transaction, the insider now owns 57,091 shares in the company, valued at approximately $2,459,480.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,847 shares of company stock worth $8,793,908. Insiders own 0.04% of the company’s stock.

A number of equities research analysts have issued reports on GM shares. Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target for the company. in a research report on Monday, November 13th. Zacks Investment Research downgraded General Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Cascend Securities downgraded General Motors to a “buy” rating in a research report on Tuesday, December 5th. Barclays reissued a “buy” rating and set a $61.00 price target on shares of General Motors in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group downgraded General Motors from a “neutral” rating to a “sell” rating and lowered their price target for the company from $43.16 to $32.00 in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.44.

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About General Motors

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.

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

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