Mediolanum International Funds Ltd Buys 144,693 Shares of General Motors (NYSE:GM)

Mediolanum International Funds Ltd grew its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 905.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,667 shares of the auto manufacturer's stock after acquiring an additional 144,693 shares during the period. Mediolanum International Funds Ltd's holdings in General Motors were worth $8,600,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GM. Crews Bank & Trust purchased a new position in General Motors during the 4th quarter worth $26,000. OLD National Bancorp IN increased its stake in shares of General Motors by 13.3% during the fourth quarter. OLD National Bancorp IN now owns 6,787 shares of the auto manufacturer's stock valued at $362,000 after buying an additional 795 shares during the period. Gries Financial LLC raised its holdings in shares of General Motors by 4.4% in the fourth quarter. Gries Financial LLC now owns 6,605 shares of the auto manufacturer's stock valued at $352,000 after acquiring an additional 277 shares in the last quarter. Foster & Motley Inc. lifted its stake in General Motors by 91.2% in the fourth quarter. Foster & Motley Inc. now owns 90,168 shares of the auto manufacturer's stock worth $4,803,000 after acquiring an additional 42,999 shares during the period. Finally, Patton Fund Management Inc. bought a new position in General Motors during the 4th quarter worth about $4,215,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by insiders.

General Motors Stock Down 0.1 %

Shares of GM stock opened at $49.46 on Friday. General Motors has a fifty-two week low of $37.60 and a fifty-two week high of $61.24. The firm has a market capitalization of $49.21 billion, a PE ratio of 8.04, a P/E/G ratio of 0.28 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.03 and a current ratio of 1.13. The stock's 50-day simple moving average is $52.82 and its 200-day simple moving average is $49.95.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities analysts expect that General Motors will post 11.45 earnings per share 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 given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.97%. General Motors's dividend payout ratio is presently 7.80%.

Wall Street Analysts Forecast Growth

GM has been the subject of several research reports. Mizuho upped their price target on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. 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 report on Wednesday, October 23rd. DZ Bank cut General Motors from a "buy" rating to a "hold" rating and set a $49.00 price objective for the company. in a research note on Friday, October 11th. Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Finally, Sanford C. Bernstein boosted their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, General Motors currently has a consensus rating of "Hold" and an average target price of $61.28.

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.

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