Mercer Global Advisors Inc. ADV Sells 9,531 Shares of General Motors (NYSE:GM)

Mercer Global Advisors Inc. ADV trimmed its position in General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,502 shares of the auto manufacturer’s stock after selling 9,531 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in General Motors were worth $9,527,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in General Motors during the fourth quarter worth about $307,000. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in General Motors by 7.4% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 39,053 shares of the auto manufacturer’s stock worth $2,290,000 after acquiring an additional 2,682 shares in the last quarter. Kentucky Retirement Systems raised its holdings in General Motors by 9.6% during the fourth quarter. Kentucky Retirement Systems now owns 89,183 shares of the auto manufacturer’s stock worth $5,229,000 after acquiring an additional 7,809 shares in the last quarter. Abbrea Capital LLC raised its holdings in General Motors by 7.5% during the fourth quarter. Abbrea Capital LLC now owns 9,145 shares of the auto manufacturer’s stock worth $536,000 after acquiring an additional 635 shares in the last quarter. Finally, South Street Advisors LLC raised its holdings in General Motors by 0.7% during the fourth quarter. South Street Advisors LLC now owns 274,798 shares of the auto manufacturer’s stock worth $16,111,000 after acquiring an additional 1,841 shares in the last quarter. Institutional investors own 80.50% of the company’s stock.

NYSE GM traded up $1.33 on Tuesday, reaching $41.96. The company had a trading volume of 525,829 shares, compared to its average volume of 20,084,986. The firm has a market cap of $60.97 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.61 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.10 and a quick ratio of 0.93. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $67.21. The business has a 50 day moving average of $44.16 and a two-hundred day moving average of $53.11.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last announced its earnings results on Tuesday, February 1st. The auto manufacturer reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.20. General Motors had a return on equity of 17.66% and a net margin of 7.89%. The business had revenue of $33.58 billion for the quarter, compared to analysts’ expectations of $34.24 billion. During the same period in the prior year, the business posted $1.93 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis. As a group, research analysts predict that General Motors will post 6.7 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on General Motors from $83.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, April 1st. BNP Paribas assumed coverage on General Motors in a research note on Monday, April 11th. They issued an “outperform” rating on the stock. Wolfe Research upped their price objective on General Motors from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, March 21st. Barclays dropped their price objective on General Motors from $68.00 to $59.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Finally, Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, December 29th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, General Motors presently has an average rating of “Buy” and a consensus target price of $69.90.

In related news, EVP Julian G. Blissett sold 21,742 shares of the business’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $50.04, for a total transaction of $1,087,969.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patricia F. Russo acquired 6,000 shares of the company’s stock in a transaction dated Thursday, February 10th. The shares were bought at an average price of $50.61 per share, for a total transaction of $303,660.00. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

About General Motors (Get Rating)

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

Featured Articles

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.