Capital Advisors Inc. OK Drastically Reduces General Motors Shares

In a significant move during the 3rd quarter, Capital Advisors Inc. OK has substantially reduced its stake in General Motors (NYSE:GM), slashing its holdings by a striking 98.8%. This decision was highlighted in the firm's latest SEC 13F filing. The sale of 645,444 shares left Capital Advisors Inc. OK with just 7,627 shares in the automotive giant. As per the most recent records, the value of the remaining shares amounts to approximately $251,000.

Investor Activity in General Motors

While Capital Advisors Inc. OK was paring down its GM investment, other large investors have adjusted their stakes as well. Penserra Capital Management LLC, for example, increased its ownership by an impressive 85.8% in the first quarter. VisionPoint Advisory Group LLC, on the other hand, took a new position in the second quarter. Similarly, JNBA Financial Advisors boosted their share count by 149.1%. Additionally, new stakes were taken by Fiduciary Alliance LLC and Northwest Capital Management Inc during the same period, highlighting varied investor strategies in response to GM's performance.

General Motors' Stock Performance

General Motors' stock recently opened at $36.06 with the company boasting a market capitalization of $49.38 billion. The company has a forward-looking stance given its P/E ratio of 5.07 and a PEG ratio of 0.59. GM's performance metrics also include a stable debt-to-equity ratio, solid current and quick ratio measures, with stock values fluctuating between a 52-week low of $26.30 and a high of $43.63.

Recent Earnings and Dividend Announcements

The auto manufacturer reported earnings per share (EPS) of $2.28 for the quarter, outpacing consensus estimates. Revenue also exceeded expectations, coming in at $44.13 billion and marking a 5.4% increase year-over-year. Shareholders recently benefited from a quarterly dividend payout, adding to the company's compelling investment profile.

Analyst Perspectives and Company Outlook

In the realm of analyst coverage, General Motors has garnered a variety of ratings from 'sell' to 'strong buy,' with a prevailing sentiment that leans towards a 'Moderate Buy' consensus. The projected target price averages suggest an optimistic outlook for the company's stock. GM continues to focus on a global market, designing, producing, and selling a wide array of automotive products under well-known brand names, while also embracing digital services and subscriptions.

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