First Financial Bank Trust Division Has $6.05 Million Position in General Motors (NYSE:GM)

First Financial Bank Trust Division reduced its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,619 shares of the auto manufacturer’s stock after selling 1,994 shares during the period. First Financial Bank Trust Division’s holdings in General Motors were worth $6,052,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of General Motors in the second quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the third quarter worth $27,000. Wellington Shields Capital Management LLC acquired a new stake in General Motors during the second quarter worth $28,000. Truvestments Capital LLC bought a new stake in General Motors in the 3rd quarter valued at $27,000. Finally, Fairscale Capital LLC acquired a new position in shares of General Motors in the 2nd quarter valued at $36,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 9,307 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total transaction of $502,671.07. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $459,787.13. The trade was a 52.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last quarter. 0.72% of the stock is owned by company insiders.

General Motors Trading Down 3.6 %

GM stock traded down $1.90 during trading on Thursday, hitting $51.37. The company had a trading volume of 10,082,427 shares, compared to its average volume of 14,509,685. The stock has a market cap of $56.49 billion, a price-to-earnings ratio of 5.48, a PEG ratio of 0.39 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $53.97 and a 200-day moving average price of $49.28. General Motors has a 12 month low of $34.32 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.28 earnings per share. As a group, analysts predict that General Motors will post 10.35 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 5.12%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GM. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Wolfe Research started coverage on General Motors in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. UBS Group upped their price target on General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.70.

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.