Are The Smart Money Right To Side With General Motors Company (GM)?

General Motors Company (NYSE:GM) reached 23.27% versus a 1-year low price of $30.56. The stock was last seen -1.26% lower, reaching at $37.67 on 01/23/2019. At recent session, the prices were hovering between $37.48 and $38.36. This company shares are 20.65% off its target price of $45.45 and the current market capitalization stands at $52.69B. The recent change has given its price a 5.92% lead over SMA 50 and -16.29% deficit over its 52-week high. The stock witnessed 9.92% gains, 20.74% gains and -4.07% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GM’s volatility during a week at 2.3% and during a month it has been found around 3.51%.

General Motors Company (GM) Top Holders

Institutional investors currently hold around $40.88 billion or 77.7% in GM stock. Look at its top three institutional owners. Vanguard Group Inc owns $3.69 billion in General Motors Company, which represents roughly 7.01% of the company’s market cap and approximately 9.04% of the institutional ownership. Similar statistics are true for the second largest owner, Capital World Investors, which owns 83,910,382 shares of the stock are valued at $3.2 billion. The third largest holder is Blackrock Inc., which currently holds $3.02 billion worth of this stock and that ownership represents nearly 5.74% of its market capitalization.

General Motors Company 13F Filings

At the end of September reporting period, 446 institutional holders increased their position in General Motors Company (NYSE:GM) by some 96,795,411 shares, 558 decreased positions by 94,680,497 and 155 held positions by 880,046,547. That puts total institutional holdings at 1,072,000,000 shares, according to SEC filings. The stock grabbed 87 new institutional investments totaling 18,481,666 shares while 140 institutional investors sold out their entire positions totaling 8,430,888 shares.

General Motors Company (NYSE:GM) Insider Trades

Multiple company employees have indulged in significant insider trading. General Motors Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President Batey Alan S. has sold 215,685 shares of General Motors Company (GM) in trading session dated Jun. 01, 2018. These shares are worth $9,276,612 and were traded at $43.01 each. The SEC filing shows that Stevens Charles K. Iii performed a sale of 35,000 shares. The Executive Vice President & CFO disposed these shares by way of transaction on Apr. 02, 2018. The company’s shares were given away at $36.1 per share worth to an income of some $1,263,500 on account of Stevens Charles K. Iii.

Director, Uaw Retiree Medical Benefits T, sold 40,000,000 common shares of General Motors Company (GM) in the open market. In a transaction dated Mar. 02, 2018, the shares were put up for sale at an average price of $39.71, raking in a sum of $1,588,000,000. After this sale, 100,150,000 common shares of GM are directly owned by the insider, with total stake valued at $3,773,000,000.

In the transaction dated Feb. 15, 2018, the great number of shares disposed came courtesy the VP, Controller & CAO; Timko Thomas S disposed a total of 8,461 shares at an average price of $42.06, amounting to approximately $355,870. The insider now directly owns 33,519 shares worth $1,262,661.

General Motors Company (GM) Analyst Guide

Several analysts have released their opinion on General Motors Company (NYSE:GM), with 6 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.14 average brokerage recommendation.