General Motors (NYSE:GM) is Artemis Investment Management LLP’s 9th Largest Position

Artemis Investment Management LLP grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 29.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,068,133 shares of the auto manufacturer’s stock after acquiring an additional 466,277 shares during the period. General Motors comprises about 1.6% of Artemis Investment Management LLP’s holdings, making the stock its 9th largest holding. Artemis Investment Management LLP’s holdings in General Motors were worth $110,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors in the 2nd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the third quarter valued at approximately $27,000. Eastern Bank bought a new stake in shares of General Motors in the 3rd quarter worth approximately $34,000. Finally, Fairscale Capital LLC purchased a new stake in shares of General Motors in the 2nd quarter worth approximately $36,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 9,307 shares of General Motors stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total transaction of $502,671.07. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $459,787.13. The trade was a 52.23 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Wednesday, October 23rd. The stock was 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 of the company’s stock, valued at approximately $37,040,244.84. This trade 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 valued at $56,509,286. Company insiders own 0.72% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $50.90 on Friday. The company has a 50-day moving average price of $53.60 and a 200-day moving average price of $49.62. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $55.97 billion, a P/E ratio of 5.43, a PEG ratio of 0.36 and a beta of 1.42.

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

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.94%. General Motors’s dividend payout ratio is currently 5.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GM shares. UBS Group lifted their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Friday, October 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. Finally, Wedbush increased their price target on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Hold” and a consensus price target of $59.68.

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.