UniSuper Management Pty Ltd Has $4.53 Million Stock Holdings in General Motors (NYSE:GM)

UniSuper Management Pty Ltd grew its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,035 shares of the auto manufacturer's stock after acquiring an additional 9,663 shares during the period. UniSuper Management Pty Ltd's holdings in General Motors were worth $4,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter worth $25,000. Crews Bank & Trust purchased a new stake in General Motors during the 4th quarter worth about $26,000. Truvestments Capital LLC acquired a new position in shares of General Motors during the 3rd quarter worth about $27,000. Compass Planning Associates Inc purchased a new position in shares of General Motors in the 4th quarter valued at about $27,000. Finally, Duncker Streett & Co. Inc. raised its position in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Up 1.3 %

Shares of GM stock traded up $0.63 during mid-day trading on Wednesday, reaching $47.89. 4,788,694 shares of the company were exchanged, compared to its average volume of 13,318,557. The company has a market capitalization of $47.65 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.67 and a beta of 1.42. The business's 50 day simple moving average is $48.68 and its 200 day simple moving average is $50.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

Remove Ads

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 EPS 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%. Research analysts predict 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 was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

General Motors announced that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have commented on GM. Hsbc Global Res lowered shares of General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Mizuho raised 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. Deutsche Bank Aktiengesellschaft raised 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 report on Tuesday, January 21st. Finally, HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target on the stock. in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, General Motors presently has an average rating of "Hold" and a consensus price target of $62.11.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm'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 purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

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.