Factory Mutual Insurance Co. decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 48.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,000 shares of the auto manufacturers stock after selling 159,400 shares during the period. Factory Mutual Insurance Co.s holdings in General Motors Company were worth $6,082,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. increased its stake in shares of General Motors Company by 55.5% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 26,871 shares of the auto manufacturers stock worth $853,000 after buying an additional 9,587 shares during the period. Regal Investment Advisors LLC bought a new stake in shares of General Motors Company during the third quarter worth about $306,000. Baskin Financial Services Inc. increased its stake in shares of General Motors Company by 2.9% in the third quarter. Baskin Financial Services Inc. now owns 324,275 shares of the auto manufacturers stock worth $10,299,000 after buying an additional 9,287 shares during the period. DT Investment Partners LLC bought a new stake in shares of General Motors Company during the third quarter worth about $1,018,000. Finally, River Road Asset Management LLC bought a new stake in shares of General Motors Company during the third quarter worth about $695,000. Institutional investors and hedge funds own 71.57% of the companys stock.
Shares of General Motors Company (NYSE:GM) traded down 0.074% during mid-day trading on Tuesday, reaching $33.885. The companys stock had a trading volume of 3,444,230 shares. The stock has a market cap of $50.76 billion, a P/E ratio of 5.647 and a beta of 1.32. General Motors Company has a one year low of $27.34 and a one year high of $38.55. The stock has a 50 day moving average of $35.13 and a 200-day moving average of $35.03. General Motors Company also was the target of unusually large options trading on Monday. Stock investors acquired 4,018 put options on the stock. This represents an increase of 346% compared to the typical daily volume of 900 put options.
General Motors Company (NYSE:GM) last released its quarterly earnings data on Tuesday, February 7th. The auto manufacturer reported $1.28 EPS for the quarter, beating analysts consensus estimates of $1.17 by $0.11. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%. The firm had revenue of $43.90 billion for the quarter, compared to analysts expectations of $40.97 billion. During the same period in the prior year, the firm posted $1.39 earnings per share. The firms quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that General Motors Company will post $6.00 EPS for the current fiscal year.
Several brokerages have recently weighed in on GM. Vetr downgraded General Motors Company from a sell rating to a strong sell rating and set a $33.88 price target on the stock. in a report on Monday, March 6th. Instinet upgraded General Motors Company from a neutral rating to a buy rating and increased their price target for the stock from $36.00 to $45.00 in a report on Monday, March 6th. Nomura upgraded General Motors Company from a neutral rating to a buy rating in a report on Monday, March 6th. Evercore ISI reiterated an in-line rating and issued a $40.00 price target on shares of General Motors Company in a report on Monday, March 6th. Finally, Berenberg Bank set a $29.00 price target on General Motors Company and gave the stock a sell rating in a report on Monday, March 6th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $38.15.
In related news, insider Stefan Jacoby sold 2,435 shares of the companys stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $37.11, for a total value of $90,362.85. Following the transaction, the insider now directly owns 85,735 shares in the company, valued at $3,181,625.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karl-Thomas Neumann sold 32,458 shares of the companys stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $36.65, for a total value of $1,189,585.70. Following the completion of the transaction, the insider now owns 15,755 shares in the company, valued at $577,420.75. The disclosure for this sale can be found here. Insiders sold 38,942 shares of company stock worth $1,419,117 over the last quarter. 0.04% of the stock is currently owned by insiders.
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