denkapparat Operations GmbH Makes New $492,000 Investment in General Motors (NYSE:GM)

denkapparat Operations GmbH bought a new stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,244 shares of the auto manufacturer's stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the fourth quarter worth $25,000. Crews Bank & Trust bought a new position in General Motors during the fourth quarter worth $26,000. Truvestments Capital LLC bought a new stake in General Motors during the third quarter valued at $27,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the 4th quarter worth about $27,000. Finally, Duncker Streett & Co. Inc. boosted its stake in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Trading Up 0.9 %

NYSE:GM traded up $0.42 during mid-day trading on Tuesday, reaching $47.45. 4,407,231 shares of the company's stock traded hands, compared to its average volume of 13,305,492. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. 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 company has a 50 day moving average price of $48.81 and a 200-day moving average price of $50.61. The firm has a market capitalization of $47.22 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 0.67 and a beta of 1.42.

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 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that General Motors will post 11.44 earnings per share for the current year.

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

General Motors Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GM. Morgan Stanley raised General Motors from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Mizuho lifted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.11.

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.