General Motors (NYSE:GM) Stock Holdings Reduced by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,189,734 shares of the auto manufacturer's stock after selling 69,649 shares during the quarter. Rhumbline Advisers owned 0.20% of General Motors worth $116,647,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Trust Point Inc. lifted its position 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 acquiring an additional 193 shares in the last quarter. Allworth Financial LP increased its stake in shares of General Motors by 2.3% in the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer's stock worth $412,000 after acquiring an additional 205 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer's stock worth $430,000 after acquiring an additional 213 shares during the period. Continuum Advisory LLC boosted its position in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after acquiring an additional 213 shares during the last quarter. Finally, Holistic Planning LLC grew its holdings in shares of General Motors by 3.9% in the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In related news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

General Motors Stock Down 0.8 %

GM stock traded down $0.36 during midday trading on Wednesday, reaching $47.77. 6,826,600 shares of the company were exchanged, compared to its average volume of 10,818,291. The stock's 50-day simple moving average is $50.98 and its 200 day simple moving average is $50.14. General Motors has a 1-year low of $38.13 and a 1-year 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 company has a market cap of $47.53 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40.

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 EPS for the quarter, topping the consensus estimate 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, equities analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GM shares. Wedbush boosted their target price on shares of General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised 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. Barclays increased their price target on General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, UBS Group increased their target price on shares of General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $59.71.

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.