Capital International Inc. CA Has $14.99 Million Holdings in General Motors (NYSE:GM)

Capital International Inc. CA lowered its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,301 shares of the auto manufacturer's stock after selling 32,690 shares during the period. Capital International Inc. CA's holdings in General Motors were worth $14,985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of General Motors by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after purchasing an additional 228,408 shares in the last quarter. First Trust Advisors LP raised its stake in General Motors by 12.8% in the 4th quarter. First Trust Advisors LP now owns 1,005,883 shares of the auto manufacturer's stock valued at $53,583,000 after purchasing an additional 113,905 shares during the last quarter. Forum Financial Management LP boosted its position in General Motors by 58.1% during the fourth quarter. Forum Financial Management LP now owns 20,102 shares of the auto manufacturer's stock worth $1,071,000 after acquiring an additional 7,389 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in General Motors by 320.6% in the 4th quarter. HITE Hedge Asset Management LLC now owns 66,407 shares of the auto manufacturer's stock valued at $3,538,000 after buying an additional 50,617 shares during the period. Finally, Commerce Bank boosted its holdings in shares of General Motors by 0.8% in the 4th quarter. Commerce Bank now owns 41,459 shares of the auto manufacturer's stock valued at $2,209,000 after purchasing an additional 316 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays downgraded shares of General Motors from an "overweight" rating to a "negative" rating in a research report on Tuesday, April 15th. Piper Sandler lifted their target price on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Cowen assumed coverage on General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. Citigroup began coverage on General Motors in a research note on Wednesday. They set a "buy" rating and a $62.00 price objective on the stock. Finally, Sanford C. Bernstein lowered General Motors from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Hold" and a consensus target price of $54.83.

General Motors Trading Up 1.5 %

Shares of General Motors stock traded up $0.68 during trading hours on Wednesday, hitting $45.84. The company's stock had a trading volume of 9,010,030 shares, compared to its average volume of 13,393,804. The stock has a 50 day moving average of $46.97 and a 200 day moving average of $50.32. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a market capitalization of $45.61 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping 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%. Analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. General Motors's dividend payout ratio is currently 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.