Fox Run Management L.L.C. raised its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,782 shares of the auto manufacturer’s stock after acquiring an additional 1,182 shares during the period. General Motors accounts for about 0.5% of Fox Run Management L.L.C.’s holdings, making the stock its 4th biggest position. Fox Run Management L.L.C.’s holdings in General Motors were worth $1,590,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Berkshire Hathaway Inc. increased its holdings in shares of General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the last quarter. Swiss National Bank increased its holdings in shares of General Motors by 1.6% during the 3rd quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock worth $202,177,000 after buying an additional 81,000 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of General Motors by 181.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock worth $73,062,000 after buying an additional 1,166,696 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of General Motors by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock worth $601,683,000 after buying an additional 331,621 shares during the last quarter. Finally, Lehman Financial Resources Inc. increased its holdings in shares of General Motors by 6.4% during the 3rd quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock worth $2,731,000 after buying an additional 4,050 shares during the last quarter. Institutional investors own 73.02% of the company’s stock.
General Motors (NYSE GM) traded down $0.16 during trading hours on Thursday, reaching $44.03. 15,855,600 shares of the company’s stock were exchanged, compared to its average volume of 13,618,019. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The stock has a market cap of $62,310.00, a PE ratio of 9.53, a P/E/G ratio of 0.82 and a beta of 1.55. General Motors has a one year low of $31.92 and a one year high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 EPS. analysts predict that General Motors will post 6.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.45%. General Motors’s payout ratio is currently 32.90%.
In other news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the transaction, the insider now owns 57,091 shares of the company’s stock, valued at $2,459,480.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark L. Reuss sold 30,000 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the transaction, the insider now directly owns 103,052 shares in the company, valued at approximately $4,440,510.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 552,298 shares of company stock valued at $24,408,137. 0.04% of the stock is currently owned by corporate insiders.
A number of analysts have recently commented on the company. Jefferies Group upped their price objective on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Citigroup restated a “buy” rating and set a $53.00 price objective on shares of General Motors in a report on Monday, October 2nd. Goldman Sachs Group downgraded General Motors from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $43.16 to $32.00 in a report on Monday, October 30th. Finally, Guggenheim upgraded General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. General Motors currently has an average rating of “Hold” and an average target price of $44.07.
General Motors Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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