Capital International Inc. CA Cuts Stake in General Motors (NYSE:GM)

Capital International Inc. CA lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,301 shares of the auto manufacturer’s stock after selling 32,690 shares during the quarter. Capital International Inc. CA’s holdings in General Motors were worth $14,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GM. Blue Trust Inc. increased its holdings in shares of General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp bought a new stake in General Motors in the 4th quarter worth about $474,000. Asset Management One Co. Ltd. raised its position in General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock worth $25,178,000 after buying an additional 39,474 shares during the last quarter. Avantra Family Wealth Inc. bought a new position in General Motors during the 4th quarter valued at about $1,044,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock valued at $10,763,000 after acquiring an additional 19,924 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.7 %

Shares of GM stock opened at $44.55 on Friday. The company has a market cap of $44.32 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $47.10 and its two-hundred day simple moving average is $50.33. General Motors has a 1 year low of $38.96 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, March 7th. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

General Motors declared that its board has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of General Motors from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. TD Cowen started coverage on General Motors in a report on Friday, March 7th. They set a “buy” rating and a $105.00 price target on the stock. Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Barclays cut General Motors from an “overweight” rating to a “negative” rating in a report on Tuesday. Finally, The Goldman Sachs Group cut their price objective on shares of General Motors from $73.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, General Motors presently has a consensus rating of “Hold” and a consensus target price of $56.72.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.72% of the stock is owned by insiders.

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.