Donald Smith & CO. Inc. Grows Holdings in General Motors (NYSE:GM)

Donald Smith & CO. Inc. lifted its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,665,042 shares of the auto manufacturer's stock after buying an additional 35,469 shares during the period. General Motors makes up 2.1% of Donald Smith & CO. Inc.'s holdings, making the stock its 21st biggest position. Donald Smith & CO. Inc. owned 0.17% of General Motors worth $88,697,000 as of its most recent SEC filing.

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

Remove Ads

Analysts Set New Price Targets

Several research firms have recently commented on GM. JPMorgan Chase & Co. reduced their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and upped their price target for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Sanford C. Bernstein cut shares of General Motors from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $50.00 to $35.00 in a research report on Monday. Finally, StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $61.00.

Insider Buying and Selling

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was bought 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. The trade was a 700.12 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

General Motors Stock Down 0.3 %

General Motors stock traded down $0.13 during trading on Tuesday, reaching $43.40. The stock had a trading volume of 6,284,405 shares, compared to its average volume of 14,036,126. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The stock has a market cap of $43.18 billion, a PE ratio of 7.05, a P/E/G ratio of 0.67 and a beta of 1.27. The business has a 50 day moving average price of $47.99 and a 200 day moving average price of $50.55.

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

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio (DPR) is presently 7.80%.

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

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.