Curated Wealth Partners LLC Sells 307 Shares of General Motors (NYSE:GM)

Curated Wealth Partners LLC trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,616 shares of the auto manufacturer’s stock after selling 307 shares during the period. General Motors comprises approximately 0.3% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 24th largest holding. Curated Wealth Partners LLC’s holdings in General Motors were worth $1,489,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Schechter Investment Advisors LLC lifted its stake in shares of 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 lifted its stake in shares of General Motors by 3.1% during the 1st quarter. Weik Capital Management now owns 9,075 shares of the auto manufacturer’s stock worth $397,000 after acquiring an additional 275 shares during the last quarter. RFG Advisory LLC raised its position in General Motors by 5.4% during the 4th quarter. RFG Advisory LLC now owns 5,520 shares of the auto manufacturer’s stock valued at $227,000 after purchasing an additional 281 shares in the last quarter. Moody National Bank Trust Division raised its position in General Motors by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 26,923 shares of the auto manufacturer’s stock valued at $1,038,000 after purchasing an additional 282 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 283 shares in the last quarter. 79.62% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 value of $381,300.00. Following the transaction, the president now directly owns 282,973 shares of the company’s stock, valued at $11,601,893. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Up 0.9 %

Shares of GM stock opened at $33.95 on Friday. General Motors has a 1-year low of $31.10 and a 1-year high of $43.63. The stock’s fifty day moving average price is $35.70 and its 200 day moving average price is $35.43. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.96. The company has a market cap of $46.71 billion, a price-to-earnings ratio of 4.74, a price-to-earnings-growth ratio of 0.45 and a beta of 1.39.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. The business had revenue of $44.75 billion for the quarter, compared to analyst estimates of $42.13 billion. General Motors had a return on equity of 16.70% and a net margin of 6.05%. The company’s revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 earnings per share. On average, research analysts expect that General Motors will post 7.59 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, August 31st. General Motors’s dividend payout ratio is presently 5.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GM shares. Tigress Financial reaffirmed a “strong-buy” rating and set a $86.00 target price on shares of General Motors in a research report on Friday, July 28th. Citigroup lifted their target price on General Motors from $85.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, July 12th. UBS Group raised General Motors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $41.00 to $44.00 in a research report on Wednesday. Bank of America lifted their price target on General Motors from $72.00 to $75.00 in a report on Wednesday, July 26th. Finally, StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.