Harel Insurance Investments & Financial Services Ltd. Sells 5,852 Shares of General Motors (GM)

Harel Insurance Investments & Financial Services Ltd. trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,348 shares of the auto manufacturer’s stock after selling 5,852 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in General Motors were worth $547,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NuWave Investment Management LLC lifted its stake in shares of General Motors by 198.6% in the 4th quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 588 shares during the period. Cornerstone Advisors Inc. increased its position in shares of General Motors by 63.0% in the 4th quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 346 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of General Motors in the 4th quarter valued at $31,000. Vigilant Capital Management LLC bought a new stake in shares of General Motors in the 4th quarter valued at $43,000. Finally, Gradient Investments LLC increased its position in shares of General Motors by 89.7% in the 4th quarter. Gradient Investments LLC now owns 1,542 shares of the auto manufacturer’s stock valued at $52,000 after buying an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 77.74% of the company’s stock.

Shares of NYSE:GM opened at $39.00 on Thursday. General Motors has a 52-week low of $30.56 and a 52-week high of $45.00. The stock has a market capitalization of $54.45 billion, a P/E ratio of 5.96, a PEG ratio of 0.72 and a beta of 1.26. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.92 and a quick ratio of 0.80.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.22. The business had revenue of $38.40 billion during the quarter, compared to the consensus estimate of $36.31 billion. General Motors had a net margin of 5.45% and a return on equity of 23.99%. General Motors’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $1.65 EPS. On average, sell-side analysts expect that General Motors will post 6.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 annualized dividend and a yield of 3.90%. General Motors’s dividend payout ratio (DPR) is presently 23.24%.

In other General Motors news, insider Alan S. Batey sold 70,266 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $38.39, for a total transaction of $2,697,511.74. Following the completion of the sale, the insider now directly owns 205,906 shares in the company, valued at $7,904,731.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company’s stock.

A number of research firms recently commented on GM. Seaport Global Securities began coverage on shares of General Motors in a research report on Wednesday. They issued a “buy” rating for the company. BMO Capital Markets upped their price objective on shares of General Motors from $41.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 14th. Barclays reiterated a “buy” rating and set a $49.00 target price on shares of General Motors in a report on Monday, January 14th. Deutsche Bank initiated coverage on General Motors in a report on Thursday, December 13th. They set a “buy” rating for the company. Finally, ValuEngine upgraded General Motors from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. General Motors presently has an average rating of “Buy” and a consensus target price of $46.97.

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About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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