Dumont & Blake Investment Advisors LLC Sells 230 Shares of General Motors (NYSE:GM)

Dumont & Blake Investment Advisors LLC lessened its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,300 shares of the auto manufacturer’s stock after selling 230 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in General Motors were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of General Motors during the second quarter valued at approximately $25,000. Crews Bank & Trust purchased a new position in General Motors during the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the 3rd quarter worth $27,000. Truvestments Capital LLC purchased a new stake in shares of General Motors in the 3rd quarter worth about $27,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of General Motors during the 4th quarter valued at about $31,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of General Motors stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the transaction, the president now owns 126,907 shares in the company, valued at $7,000,190.12. This represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by company insiders.

General Motors Price Performance

GM opened at $49.39 on Friday. The company’s 50-day simple moving average is $52.94 and its two-hundred day simple moving average is $49.95. General Motors has a 52-week low of $37.60 and a 52-week high of $61.24. The stock has a market capitalization of $49.15 billion, a P/E ratio of 8.03, a P/E/G ratio of 0.28 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, analysts predict that General Motors will post 11.45 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada raised their price objective on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. UBS Group upped their target price on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.28.

General Motors Company 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.