AustralianSuper Pty Ltd Has $234.36 Million Holdings in General Motors (NYSE:GM)

AustralianSuper Pty Ltd raised its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 35.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,399,549 shares of the auto manufacturer's stock after buying an additional 1,159,958 shares during the quarter. General Motors accounts for approximately 1.1% of AustralianSuper Pty Ltd's holdings, making the stock its 15th biggest holding. AustralianSuper Pty Ltd owned approximately 0.40% of General Motors worth $234,364,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth about $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC bought a new stake in shares of General Motors in the 3rd quarter worth about $27,000. Truvestments Capital LLC acquired a new position in General Motors during the 3rd quarter worth about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in General Motors during the 4th quarter worth about $28,000. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GM. UBS Group upped their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Mizuho upped their price target on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein upped their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.71.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

General Motors Trading Down 0.5 %

Shares of NYSE:GM traded down $0.24 during mid-day trading on Tuesday, reaching $48.14. The stock had a trading volume of 6,962,623 shares, compared to its average volume of 10,946,774. The firm has a market cap of $47.89 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40. The firm has a 50 day simple moving average of $51.07 and a two-hundred day simple moving average of $50.09. 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 twelve month low of $38.13 and a twelve month high of $61.24.

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 analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, research analysts predict that General Motors will post 11.28 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. General Motors's payout ratio is 7.80%.

General Motors Profile

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.