Forsta AP Fonden Sells 6,600 Shares of General Motors (NYSE:GM)

Forsta AP Fonden trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 226,500 shares of the auto manufacturer's stock after selling 6,600 shares during the period. Forsta AP Fonden's holdings in General Motors were worth $12,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GM. Chicago Partners Investment Group LLC raised its stake in shares of General Motors by 15.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer's stock valued at $510,000 after buying an additional 1,559 shares during the period. Donald Smith & CO. Inc. raised its stake in General Motors by 12.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer's stock valued at $73,070,000 after acquiring an additional 175,860 shares during the period. Foster & Motley Inc. lifted its holdings in General Motors by 121.5% during the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer's stock valued at $2,115,000 after purchasing an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in General Motors by 115.1% during the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer's stock worth $8,001,000 after purchasing an additional 95,484 shares during the period. Finally, Olstein Capital Management L.P. increased its stake in shares of General Motors by 14.9% in the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer's stock worth $7,264,000 after purchasing an additional 21,000 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In related news, EVP Craig B. Glidden sold 383,142 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company's stock, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares of the company's stock, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Performance

GM traded up $0.75 during mid-day trading on Thursday, reaching $50.53. 3,186,165 shares of the company traded hands, compared to its average volume of 10,021,383. General Motors has a 52-week low of $37.60 and a 52-week high of $61.24. The company's fifty day moving average price is $52.94 and its 200-day moving average price is $49.95. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $55.56 billion, a P/E ratio of 5.39, a P/E/G ratio of 0.38 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's dividend payout ratio (DPR) is presently 5.12%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on General Motors from $58.00 to $65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and increased their price objective for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Barclays upped their price target on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their price objective on shares of General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $61.28.

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.