General Motors (NYSE:GM) Holdings Trimmed by National Pension Service

National Pension Service reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,099,707 shares of the auto manufacturer’s stock after selling 68,236 shares during the quarter. National Pension Service’s holdings in General Motors were worth $165,121,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lake Street Advisors Group LLC increased its holdings in shares of General Motors by 9.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 6,966 shares of the auto manufacturer’s stock valued at $371,000 after purchasing an additional 601 shares during the period. Johnson Financial Group LLC purchased a new position in General Motors during the fourth quarter valued at approximately $455,000. MMCAP International Inc. SPC increased its stake in General Motors by 5.9% in the 4th quarter. MMCAP International Inc. SPC now owns 90,000 shares of the auto manufacturer’s stock valued at $4,794,000 after buying an additional 5,000 shares during the period. Longbow Finance SA purchased a new stake in General Motors in the 4th quarter worth approximately $5,865,000. Finally, Todd Asset Management LLC boosted its stake in shares of General Motors by 14.0% during the 4th quarter. Todd Asset Management LLC now owns 514,080 shares of the auto manufacturer’s stock valued at $27,385,000 after buying an additional 62,995 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Mizuho upped their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $59.71.

General Motors Stock Up 3.6 %

GM stock opened at $48.39 on Thursday. The stock has a market capitalization of $48.14 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a 50-day moving average of $50.45 and a two-hundred day moving average of $50.33. General Motors has a 52-week low of $38.94 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business 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 0.99%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

General Motors announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This 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 this hyperlink. 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.