Grantham Mayo Van Otterloo & Co. LLC Sells 102,824 Shares of General Motors (NYSE:GM)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,012,372 shares of the auto manufacturer's stock after selling 102,824 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.10% of General Motors worth $53,929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its stake in shares of General Motors by 11.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,744 shares of the auto manufacturer's stock worth $2,096,000 after acquiring an additional 4,700 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in General Motors by 138.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,722 shares of the auto manufacturer's stock worth $615,000 after purchasing an additional 7,970 shares during the last quarter. IHT Wealth Management LLC boosted its position in General Motors by 79.2% during the third quarter. IHT Wealth Management LLC now owns 15,136 shares of the auto manufacturer's stock worth $679,000 after purchasing an additional 6,689 shares during the period. Redwood Investment Management LLC grew its holdings in General Motors by 4.1% during the third quarter. Redwood Investment Management LLC now owns 31,283 shares of the auto manufacturer's stock valued at $1,454,000 after purchasing an additional 1,224 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of General Motors by 158.8% in the third quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock valued at $97,374,000 after purchasing an additional 1,332,450 shares during the period. Institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of research analyst reports. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price on the stock. in a research note on Wednesday, December 11th. The Goldman Sachs Group set a $73.00 price objective on General Motors in a research note on Saturday, March 1st. Mizuho decreased their target price on General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday. TD Cowen started 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. Finally, Hsbc Global Res cut General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $59.89.

General Motors Stock Down 4.0 %

Shares of General Motors stock traded down $1.83 on Thursday, reaching $43.91. 9,140,744 shares of the company were exchanged, compared to its average volume of 13,539,267. The company has a market capitalization of $43.69 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.67 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a one year low of $38.96 and a one year high of $61.24. The company has a 50-day moving average of $47.54 and a 200 day moving average of $50.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 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%. On average, equities research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its Board of Directors has authorized a stock repurchase 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 often a sign that the company's leadership believes its shares are undervalued.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is presently 7.80%.

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.