Sava Infond d.o.o. Takes $355,000 Position in General Motors (NYSE:GM)

Sava Infond d.o.o. purchased a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,670 shares of the auto manufacturer's stock, valued at approximately $355,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of General Motors by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 52,193 shares of the auto manufacturer's stock valued at $2,340,000 after buying an additional 539 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in General Motors by 54.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 7,075 shares of the auto manufacturer's stock valued at $317,000 after purchasing an additional 2,484 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in General Motors during the 3rd quarter worth approximately $1,998,000. Kingsview Wealth Management LLC raised its stake in shares of General Motors by 9.7% in the third quarter. Kingsview Wealth Management LLC now owns 16,628 shares of the auto manufacturer's stock worth $746,000 after purchasing an additional 1,471 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of General Motors by 76.5% in the third quarter. Larson Financial Group LLC now owns 5,138 shares of the auto manufacturer's stock valued at $230,000 after purchasing an additional 2,227 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

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Insider Activity

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GM shares. The Goldman Sachs Group set a $73.00 price target on General Motors in a research report on Saturday, March 1st. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group reaffirmed a "buy" rating on shares of General Motors in a research report on Monday, February 3rd. Finally, StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, General Motors currently has a consensus rating of "Hold" and a consensus target price of $62.11.

General Motors Stock Performance

Shares of NYSE GM traded up $0.50 during mid-day trading on Tuesday, hitting $47.53. The company had a trading volume of 2,605,608 shares, compared to its average volume of 13,299,495. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a market capitalization of $47.29 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.67 and a beta of 1.42. The stock's 50-day moving average price is $48.81 and its 200-day moving average price is $50.61.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its Board of Directors has authorized a share buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, March 7th. General Motors's dividend payout ratio is 7.80%.

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.