General Motors (NYSE:GM) Stake Reduced by Investors Research Corp

Investors Research Corp decreased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 37.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,057 shares of the auto manufacturer's stock after selling 9,500 shares during the quarter. Investors Research Corp's holdings in General Motors were worth $855,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Independent Advisor Alliance increased its position in shares of General Motors by 14.5% in the fourth quarter. Independent Advisor Alliance now owns 19,699 shares of the auto manufacturer's stock valued at $1,049,000 after buying an additional 2,500 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of General Motors by 74.5% during the fourth quarter. Johnson Investment Counsel Inc. now owns 14,856 shares of the auto manufacturer's stock valued at $791,000 after acquiring an additional 6,344 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of General Motors by 3.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 172,769 shares of the auto manufacturer's stock valued at $9,204,000 after acquiring an additional 5,905 shares during the last quarter. Lauterbach Financial Advisors LLC acquired a new stake in shares of General Motors during the fourth quarter valued at $203,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in General Motors by 10.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 260,565 shares of the auto manufacturer's stock worth $13,880,000 after buying an additional 24,398 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have issued reports on GM shares. UBS Group reissued a "buy" rating on shares of General Motors in a research note on Monday, February 3rd. Mizuho boosted their target price on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a "hold" rating to a "buy" rating and boosted their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, Hsbc Global Res cut General Motors from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of "Hold" and a consensus price target of $62.89.

General Motors Stock Up 1.4 %

Shares of GM traded up $0.66 during trading on Monday, reaching $48.10. The company's stock had a trading volume of 21,614,045 shares, compared to its average volume of 12,078,611. The company has a fifty day moving average of $49.59 and a two-hundred day moving average of $50.51. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The company has a market cap of $47.85 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.67 and a beta of 1.42. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 7th. General Motors's dividend payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now owns 13,714 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.72% of the company's stock.

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.