Stratos Wealth Partners LTD. Has $2.07 Million Stake in General Motors Company $GM

Key Points

• Stratos Wealth Partners LTD. reduced its stake in General Motors by 11.9% during Q2, now holding shares worth $2.07 million.
• General Motors reported $2.53 EPS for the most recent quarter, slightly exceeding analysts' expectations with revenues of $47.12 billion.
• Numerous institutional investors, including Vanguard Group and AQR Capital Management, have increased their stakes in General Motors as the stock gains traction.

Stratos Wealth Partners LTD. trimmed its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,124 shares of the auto manufacturer's stock after selling 5,701 shares during the period. Stratos Wealth Partners LTD.'s holdings in General Motors were worth $2,073,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of General Motors by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. raised its stake in shares of General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock worth $646,482,000 after buying an additional 594,217 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after buying an additional 8,012,743 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after buying an additional 1,910,186 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of GM stock opened at $57.95 on Tuesday. The stock has a market cap of $55.17 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.72 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company has a fifty day moving average price of $58.13 and a two-hundred day moving average price of $52.24. General Motors Company has a one year low of $41.60 and a one year high of $62.14.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 earnings per share. As a group, equities analysts predict that General Motors Company will post 11.44 EPS for the current year.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock valued at $122,377,213 over the last three months. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. Mizuho boosted their price target on shares of General Motors from $58.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Barclays boosted their price target on shares of General Motors from $73.00 to $77.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Finally, Wells Fargo & Company boosted their price target on shares of General Motors from $38.00 to $40.00 and gave the stock an "underweight" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $65.00.

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.

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