General Motors (NYSE:GM) Holdings Cut by USA Financial Formulas

USA Financial Formulas trimmed its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 61.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,121 shares of the auto manufacturer's stock after selling 17,635 shares during the period. USA Financial Formulas' holdings in General Motors were worth $592,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec raised its stake in General Motors by 972.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer's stock valued at $94,300,000 after acquiring an additional 1,906,964 shares during the last quarter. Jennison Associates LLC raised its stake in shares of General Motors by 123.1% during the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock worth $144,655,000 after purchasing an additional 1,779,897 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of General Motors by 581.4% during the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer's stock worth $71,827,000 after purchasing an additional 1,366,768 shares during the period. National Bank of Canada FI increased its stake in shares of General Motors by 158.8% during the third quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer's stock worth $97,374,000 after acquiring an additional 1,332,450 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in General Motors by 6.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock worth $774,766,000 after purchasing an additional 989,750 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Down 0.1 %

GM traded down $0.06 during midday trading on Thursday, hitting $51.64. The company's stock had a trading volume of 3,685,566 shares, compared to its average volume of 7,908,127. General Motors has a 52-week low of $34.32 and a 52-week high of $61.24. The firm has a 50-day moving average price of $53.83 and a two-hundred day moving average price of $49.56. The firm has a market cap of $56.78 billion, a P/E ratio of 5.50, a PEG ratio of 0.36 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share. On average, research analysts anticipate that General Motors will post 10.34 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a dividend of $0.12 per share. The ex-dividend date was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.93%. General Motors's dividend payout ratio (DPR) is 5.12%.

Insider Activity

In other General Motors news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction 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. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the company's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GM. 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 note on Monday, December 9th. The Goldman Sachs Group increased their target price on shares of General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Hsbc Global Res lowered General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Wedbush raised their price objective on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Sanford C. Bernstein boosted their target price on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of "Hold" and a consensus target price of $59.58.

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.