Capital International Investors Decreases Position in General Motors (NYSE:GM)

Capital International Investors reduced its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 71.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,839,980 shares of the auto manufacturer's stock after selling 7,196,697 shares during the quarter. Capital International Investors owned 0.29% of General Motors worth $151,286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GM. Golden State Wealth Management LLC acquired a new stake in General Motors in the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of General Motors in the fourth quarter worth approximately $27,000. Whittier Trust Co. increased its position in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its stake in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 498 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein cut shares of General Motors from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $50.00 to $35.00 in a research note on Monday, April 7th. Mizuho dropped their price objective on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. UBS Group reissued a "neutral" rating and set a $51.00 price target (down previously from $64.00) on shares of General Motors in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group cut their target price on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, General Motors has an average rating of "Hold" and an average price target of $54.83.

General Motors Stock Performance

Shares of GM stock traded up $1.02 during midday trading on Thursday, hitting $46.86. The company had a trading volume of 7,506,330 shares, compared to its average volume of 13,370,358. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock has a market cap of $46.63 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.67 and a beta of 1.27. The company's 50 day simple moving average is $46.92 and its 200 day simple moving average is $50.29. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (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%. Research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders 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 1.02%. General Motors's dividend payout ratio is currently 7.80%.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

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.