Mitsubishi UFJ Trust & Banking Corp Purchases 418,380 Shares of General Motors (NYSE:GM)

Mitsubishi UFJ Trust & Banking Corp raised its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 48.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,274,671 shares of the auto manufacturer's stock after buying an additional 418,380 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of General Motors worth $67,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in General Motors in the fourth quarter worth approximately $26,000. Truvestments Capital LLC acquired a new position in shares of General Motors during the 3rd quarter worth $27,000. Compass Planning Associates Inc bought a new position in shares of General Motors during the 4th quarter valued at $27,000. Finally, Duncker Streett & Co. Inc. lifted its stake in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

GM traded down $0.55 during trading on Friday, hitting $46.65. The company's stock had a trading volume of 18,815,180 shares, compared to its average volume of 13,329,089. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $46.42 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The firm's 50 day moving average price is $48.89 and its two-hundred day moving average price is $50.56. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24.

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General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly 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%. Sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.03%. The ex-dividend date was Friday, March 7th. General Motors's dividend payout ratio is 7.80%.

General Motors announced that its Board of Directors has approved a stock repurchase 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 a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GM. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Cowen started coverage on General Motors in a research note on Thursday, March 6th. They issued a "buy" rating for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.11.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.72% of the company's stock.

General Motors Company 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.