General Motors (NYSE:GM) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. cut its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,096 shares of the auto manufacturer's stock after selling 13,596 shares during the period. General Motors comprises 1.2% of KLCM Advisors Inc.'s holdings, making the stock its 26th largest holding. KLCM Advisors Inc.'s holdings in General Motors were worth $10,126,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GM. Caisse DE Depot ET Placement DU Quebec lifted its position in General Motors by 972.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock worth $94,300,000 after buying an additional 1,906,964 shares during the last quarter. Jennison Associates LLC lifted 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 worth $144,655,000 after acquiring an additional 1,779,897 shares during the last quarter. National Bank of Canada FI boosted 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 period. AustralianSuper Pty Ltd grew its holdings in General Motors by 35.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer's stock valued at $234,364,000 after purchasing an additional 1,159,958 shares during the last quarter. Finally, Ninety One UK Ltd grew its holdings in General Motors by 38.7% during the 4th quarter. Ninety One UK Ltd now owns 4,089,633 shares of the auto manufacturer's stock valued at $217,855,000 after purchasing an additional 1,140,569 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Up 0.1 %

NYSE GM traded up $0.04 during midday trading on Thursday, hitting $47.84. 5,798,689 shares of the company traded hands, compared to its average volume of 10,666,471. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The company's 50-day simple moving average is $50.90 and its 200-day simple moving average is $50.13. The company has a market cap of $47.60 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

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

General Motors Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

Analyst Upgrades and Downgrades

GM has been the subject of several recent analyst reports. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. UBS Group boosted their price objective on General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Royal Bank of Canada increased their target price on General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and boosted their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Finally, Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $59.71.

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.