Capital International Sarl Reduces Stock Position in General Motors (NYSE:GM)

Capital International Sarl cut its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 64.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,212 shares of the auto manufacturer's stock after selling 12,936 shares during the quarter. Capital International Sarl's holdings in General Motors were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GM. Franklin Resources Inc. raised its holdings in shares of General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after buying an additional 1,170,816 shares during the period. Geode Capital Management LLC increased its stake in General Motors by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock worth $1,264,567,000 after purchasing an additional 176,436 shares during the period. Norges Bank acquired a new stake in shares of General Motors during the fourth quarter worth about $592,321,000. ACR Alpine Capital Research LLC boosted its stake in shares of General Motors by 39.8% in the fourth quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock valued at $394,060,000 after purchasing an additional 2,104,528 shares during the period. Finally, Amundi grew its holdings in shares of General Motors by 75.5% in the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock valued at $250,627,000 after purchasing an additional 2,113,973 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were bought at an average price 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 approximately $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

General Motors Stock Performance

NYSE:GM traded up $0.68 during trading hours on Wednesday, reaching $45.84. 9,010,030 shares of the company's stock were exchanged, compared to its average volume of 13,455,042. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $45.61 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a 50-day moving average of $46.97 and a 200 day moving average of $50.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released 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 return on equity of 15.29% and a net margin of 3.21%. Research analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors declared that its board has initiated a stock 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 buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Sanford C. Bernstein cut shares of General Motors from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $50.00 to $35.00 in a research report on Monday, April 7th. The Goldman Sachs Group lowered 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. TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target on the stock. UBS Group reissued a "neutral" rating and set a $51.00 price objective (down from $64.00) on shares of General Motors in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $54.83.

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.