Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stock Holdings in General Motors (NYSE:GM)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,689 shares of the auto manufacturer’s stock after selling 13,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in General Motors were worth $9,039,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Howard Capital Management Inc. raised its stake in shares of General Motors by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 106,752 shares of the auto manufacturer’s stock valued at $5,687,000 after acquiring an additional 446 shares in the last quarter. Wealthspire Advisors LLC purchased a new stake in General Motors during the 4th quarter worth about $245,000. TCW Group Inc. raised its position in General Motors by 1.7% in the 4th quarter. TCW Group Inc. now owns 1,427,352 shares of the auto manufacturer’s stock valued at $76,035,000 after purchasing an additional 23,979 shares in the last quarter. Olympiad Research LP purchased a new position in shares of General Motors in the 4th quarter valued at about $283,000. Finally, Compass Planning Associates Inc acquired a new position in shares of General Motors during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Down 3.3 %

GM stock opened at $46.31 on Monday. The company has a market cap of $46.07 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a fifty day moving average price of $50.68 and a 200 day moving average price of $50.29. 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 has a 12 month low of $38.94 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping 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%. Sell-side analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GM. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Mizuho lifted their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Three 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 data from MarketBeat, General Motors has a consensus rating of “Hold” and a consensus target price of $59.71.

Insider Transactions at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.