Wellington Management Group LLP Increases Position in General Motors (NYSE:GM)

Wellington Management Group LLP grew its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,195,961 shares of the auto manufacturer's stock after acquiring an additional 7,081 shares during the period. Wellington Management Group LLP owned 0.12% of General Motors worth $63,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of General Motors in the fourth quarter worth $25,000. Crews Bank & Trust bought a new position in shares of General Motors in the fourth quarter worth $26,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the fourth quarter worth $27,000. Whittier Trust Co. increased its holdings in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares during the period. Finally, Duncker Streett & Co. Inc. increased its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

GM has been the topic of a number of recent research reports. The Goldman Sachs Group set a $73.00 price objective on General Motors in a research note on Saturday, March 1st. Wells Fargo & Company reissued an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Mizuho dropped their price target on General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $59.89.

General Motors Trading Down 4.7 %

NYSE:GM traded down $2.17 on Thursday, hitting $43.58. The stock had a trading volume of 4,973,431 shares, compared to its average volume of 13,522,311. 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 cap of $43.36 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.67 and a beta of 1.27. The company has a fifty day moving average price of $47.54 and a two-hundred day moving average price of $50.40. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24.

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 net margin of 3.21% and a return on equity of 15.29%. Equities research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's payout ratio is currently 7.80%.

General Motors announced that its Board of Directors has authorized a share buyback program 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 programs are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by company insiders.

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.