General Motors (NYSE:GM) Holdings Decreased by Morningstar Investment Services LLC

Morningstar Investment Services LLC trimmed its position in General Motors (NYSE:GM) (TSE:GMM.U) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,785 shares of the auto manufacturer’s stock after selling 11,621 shares during the quarter. Morningstar Investment Services LLC’s holdings in General Motors were worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GM. Guggenheim Capital LLC increased its holdings in shares of General Motors by 18.5% in the 4th quarter. Guggenheim Capital LLC now owns 470,515 shares of the auto manufacturer’s stock valued at $17,220,000 after acquiring an additional 73,435 shares during the last quarter. Man Group plc boosted its position in General Motors by 187.7% during the 4th quarter. Man Group plc now owns 151,994 shares of the auto manufacturer’s stock valued at $5,563,000 after purchasing an additional 99,160 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in General Motors by 8.7% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,886 shares of the auto manufacturer’s stock valued at $184,000 after purchasing an additional 710 shares during the period. Foundations Investment Advisors LLC boosted its position in General Motors by 53.2% during the 1st quarter. Foundations Investment Advisors LLC now owns 50,486 shares of the auto manufacturer’s stock valued at $972,000 after purchasing an additional 17,529 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in General Motors by 3.5% during the 1st quarter. State of Alaska Department of Revenue now owns 331,593 shares of the auto manufacturer’s stock valued at $6,889,000 after purchasing an additional 11,339 shares during the period. Institutional investors and hedge funds own 75.41% of the company’s stock.

A number of research firms recently issued reports on GM. Barclays boosted their price objective on General Motors from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating and set a $29.00 price target for the company in a research report on Wednesday, May 27th. ValuEngine lowered General Motors from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group boosted their price target on General Motors from $27.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group reiterated a “neutral” rating and set a $28.00 price target on shares of General Motors in a research report on Thursday, June 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. General Motors currently has an average rating of “Buy” and a consensus price target of $35.37.

In related news, EVP Julian G. Blissett bought 9,300 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $26.00 per share, with a total value of $241,800.00. Following the completion of the transaction, the executive vice president now directly owns 22,130 shares of the company’s stock, valued at $575,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by insiders.

Shares of General Motors stock traded down $0.31 on Friday, reaching $24.89. 17,784,317 shares of the company were exchanged, compared to its average volume of 12,769,398. The stock has a fifty day moving average price of $25.92 and a 200-day moving average price of $26.92. The firm has a market capitalization of $35.62 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 2.00. General Motors has a fifty-two week low of $14.32 and a fifty-two week high of $41.90.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Wednesday, July 29th. The auto manufacturer reported ($0.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.72) by $1.22. The company had revenue of $16.80 billion for the quarter, compared to analyst estimates of $16.93 billion. General Motors had a return on equity of 6.27% and a net margin of 1.46%. General Motors’s revenue for the quarter was down 53.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. On average, equities analysts anticipate that General Motors will post 2.16 earnings per share for the current fiscal year.

General Motors Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. 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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