Foundations Investment Advisors LLC Has $592,000 Stock Holdings in General Motors (NYSE:GM)

Foundations Investment Advisors LLC lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,212 shares of the auto manufacturer’s stock after purchasing an additional 292 shares during the quarter. Foundations Investment Advisors LLC’s holdings in General Motors were worth $592,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GM. Capital World Investors boosted its holdings in shares of General Motors by 14.6% in the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock valued at $2,211,609,000 after purchasing an additional 6,201,777 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in General Motors by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer’s stock valued at $601,730,000 after buying an additional 135,717 shares in the last quarter. Dimensional Fund Advisors LP grew its position in General Motors by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after acquiring an additional 1,091,137 shares during the last quarter. LSV Asset Management raised its stake in General Motors by 2.6% during the second quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer’s stock worth $411,052,000 after acquiring an additional 223,260 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its holdings in shares of General Motors by 8.4% in the first quarter. ACR Alpine Capital Research LLC now owns 6,337,547 shares of the auto manufacturer’s stock worth $287,408,000 after acquiring an additional 492,693 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Rory Harvey sold 12,795 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at $417,307.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 531,228 shares of company stock valued at $28,267,714 over the last three months. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley lowered shares of General Motors from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $47.00 to $42.00 in a report on Wednesday, September 25th. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. Nomura Securities upgraded General Motors to a “strong sell” rating in a report on Monday, August 5th. Wolfe Research assumed coverage on General Motors in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, General Motors currently has an average rating of “Hold” and a consensus target price of $56.92.

General Motors Stock Performance

Shares of GM opened at $52.07 on Friday. General Motors has a one year low of $26.30 and a one year high of $54.29. The company has a market cap of $59.41 billion, a PE ratio of 6.37, a P/E/G ratio of 0.56 and a beta of 1.42. The stock has a 50-day moving average of $47.68 and a 200-day moving average of $46.13. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.99.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities research analysts predict that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.87%.

About General Motors

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.