Livforsakringsbolaget Skandia Omsesidigt Has $4.47 Million Stock Position in General Motors (NYSE:GM)

Livforsakringsbolaget Skandia Omsesidigt lessened its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,861 shares of the auto manufacturer’s stock after selling 11,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Motors were worth $4,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GM. Schechter Investment Advisors LLC grew its position in General Motors by 3.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 8,578 shares of the auto manufacturer’s stock worth $289,000 after acquiring an additional 269 shares during the last quarter. Weik Capital Management grew its holdings in shares of General Motors by 3.1% during the first quarter. Weik Capital Management now owns 9,075 shares of the auto manufacturer’s stock worth $397,000 after purchasing an additional 275 shares during the last quarter. RFG Advisory LLC increased its stake in shares of General Motors by 5.4% in the fourth quarter. RFG Advisory LLC now owns 5,520 shares of the auto manufacturer’s stock valued at $227,000 after buying an additional 281 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of General Motors by 85.8% in the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 283 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in General Motors by 2.4% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 12,755 shares of the auto manufacturer’s stock worth $557,000 after buying an additional 294 shares in the last quarter. 79.62% of the stock is currently owned by institutional investors.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 9,300 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $41.00, for a total transaction of $381,300.00. Following the completion of the transaction, the president now owns 282,973 shares in the company, valued at approximately $11,601,893. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

General Motors Trading Down 0.8 %

Shares of GM traded down $0.28 during trading hours on Thursday, reaching $33.38. The stock had a trading volume of 3,475,172 shares, compared to its average volume of 14,125,174. The firm has a 50-day moving average of $36.04 and a 200 day moving average of $35.51. The company has a quick ratio of 0.96, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The company has a market cap of $45.93 billion, a P/E ratio of 4.70, a P/E/G ratio of 0.44 and a beta of 1.39. General Motors has a 52 week low of $31.10 and a 52 week high of $43.63.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.05. General Motors had a return on equity of 16.70% and a net margin of 6.05%. The company had revenue of $44.75 billion for the quarter, compared to analyst estimates of $42.13 billion. During the same quarter last year, the firm posted $1.14 earnings per share. General Motors’s revenue was up 25.1% compared to the same quarter last year. On average, sell-side analysts expect that General Motors will post 7.6 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 31st. General Motors’s payout ratio is currently 5.03%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday. Mizuho lowered their target price on General Motors to $40.00 in a research note on Wednesday, July 19th. Jefferies Financial Group upped their price target on General Motors from $37.00 to $39.00 in a research note on Friday, July 7th. Barclays lifted their price objective on General Motors from $42.00 to $46.00 in a research report on Monday, July 10th. Finally, Tigress Financial restated a “strong-buy” rating and set a $86.00 target price on shares of General Motors in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

General Motors 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.