Sentry Investment Management LLC Sells 4,812 Shares of General Motors Company (GM)

Sentry Investment Management LLC lowered its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,510 shares of the auto manufacturer’s stock after selling 4,812 shares during the period. Sentry Investment Management LLC’s holdings in General Motors were worth $3,731,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cigna Investments Inc. New bought a new stake in General Motors during the fourth quarter worth about $1,786,000. Boothbay Fund Management LLC bought a new stake in General Motors during the fourth quarter worth about $201,000. United Capital Financial Advisers LLC increased its stake in General Motors by 1.6% in the fourth quarter. United Capital Financial Advisers LLC now owns 343,440 shares of the auto manufacturer’s stock worth $11,965,000 after buying an additional 5,348 shares in the last quarter. CAMG Solamere Management LLC acquired a new position in shares of General Motors during the fourth quarter worth approximately $1,234,000. Finally, Barings LLC boosted its position in shares of General Motors by 87.0% in the fourth quarter. Barings LLC now owns 182,500 shares of the auto manufacturer’s stock worth $6,358,000 after buying an additional 84,900 shares during the last quarter. 73.52% of the stock is owned by institutional investors.

General Motors Company (NYSE GM) traded down 0.47% during midday trading on Friday, reaching $35.77. 7,531,936 shares of the company traded hands. General Motors Company has a one year low of $29.82 and a one year high of $38.55. The company has a 50 day moving average price of $35.16 and a 200-day moving average price of $35.29. The stock has a market capitalization of $52.12 billion, a P/E ratio of 6.22 and a beta of 1.45.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The business had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. During the same period last year, the business earned $1.86 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. Analysts forecast that General Motors Company will post $6.13 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Thursday, September 7th. General Motors’s dividend payout ratio is currently 26.48%.

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A number of equities analysts recently commented on the stock. UBS AG reiterated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of General Motors in a research report on Friday, April 14th. ValuEngine upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Friday. BidaskClub upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 target price on the stock in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 target price on shares of General Motors in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.38.

In other news, insider Stefan Jacoby sold 2,686 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $33.85, for a total value of $90,921.10. Following the sale, the insider now directly owns 80,379 shares in the company, valued at approximately $2,720,829.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark L. Reuss sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $33.35, for a total transaction of $2,501,250.00. Following the completion of the sale, the insider now owns 133,052 shares in the company, valued at $4,437,284.20. The disclosure for this sale can be found here. Insiders sold a total of 139,158 shares of company stock worth $4,643,312 over the last 90 days. Company insiders own 0.04% of the company’s stock.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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