Mirabella Financial Services LLP Sells 190,743 Shares of General Motors (NYSE:GM)

Mirabella Financial Services LLP cut its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 87.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,381 shares of the auto manufacturer's stock after selling 190,743 shares during the period. Mirabella Financial Services LLP's holdings in General Motors were worth $1,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. Trust Point Inc. increased its stake in shares of General Motors by 2.7% in the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after buying an additional 193 shares during the period. Holistic Planning LLC raised its stake in shares of General Motors by 3.9% during the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after acquiring an additional 214 shares during the last quarter. Nemes Rush Group LLC lifted its holdings in shares of General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after purchasing an additional 217 shares during the period. Operose Advisors LLC lifted its holdings in shares of General Motors by 18.7% during the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after purchasing an additional 223 shares during the period. Finally, Bessemer Group Inc. increased its holdings in General Motors by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after purchasing an additional 226 shares during the period. 92.67% of the stock is owned by institutional investors.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

General Motors Stock Performance

NYSE:GM traded up $0.23 during trading hours on Friday, reaching $47.11. The stock had a trading volume of 8,085,733 shares, compared to its average volume of 13,342,777. 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 quick ratio of 0.98 and a current ratio of 1.13. The stock has a 50 day simple moving average of $46.89 and a 200 day simple moving average of $50.30. The stock has a market cap of $46.87 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's payout ratio is currently 7.80%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen initiated 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. The Goldman Sachs Group cut their target price on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Cowen assumed coverage on General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. Barclays cut General Motors from an "overweight" rating to a "negative" rating in a report on Tuesday, April 15th. Finally, StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $54.83.

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.