Foster & Motley Inc. boosted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 91.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,168 shares of the auto manufacturer's stock after purchasing an additional 42,999 shares during the period. Foster & Motley Inc.'s holdings in General Motors were worth $4,803,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of General Motors by 972.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock valued at $94,300,000 after purchasing an additional 1,906,964 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of General Motors by 123.1% in the 3rd quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock valued at $144,655,000 after acquiring an additional 1,779,897 shares during the period. Artemis Investment Management LLP raised its position in shares of General Motors by 581.4% in the 3rd quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer's stock worth $71,827,000 after acquiring an additional 1,366,768 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of General Motors by 158.8% during the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock worth $97,374,000 after purchasing an additional 1,332,450 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in General Motors by 6.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock valued at $774,766,000 after purchasing an additional 989,750 shares in the last quarter. Institutional investors own 92.67% of the company's stock.
Insider Activity at General Motors
In other news, EVP Craig B. Glidden sold 383,142 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by company insiders.
General Motors Stock Performance
NYSE GM traded up $0.72 during mid-day trading on Thursday, reaching $50.50. 5,018,757 shares of the stock were exchanged, compared to its average volume of 10,119,684. The company has a market capitalization of $55.53 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.38 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The business's 50 day moving average is $52.94 and its 200-day moving average is $49.95. General Motors has a 1 year low of $37.60 and a 1 year high of $61.24.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. On average, equities research analysts forecast that General Motors will post 10.34 EPS for the current fiscal year.
General Motors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.95%. General Motors's dividend payout ratio (DPR) is 7.80%.
Analyst Ratings Changes
GM has been the subject of several analyst reports. Morgan Stanley raised shares of General Motors from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Wedbush raised their target price on shares of General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on General Motors from $35.00 to $37.00 and gave the stock an "underweight" rating in a research note on Wednesday. Finally, DZ Bank cut General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $61.28.
Read Our Latest Stock Analysis on General Motors
About General Motors
(
Free Report)
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.
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