General Motors (NYSE:GM) Shares Sold by Capital International Sarl

Capital International Sarl trimmed its position in General Motors (NYSE:GM) (TSE:GMM.U) by 64.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,212 shares of the auto manufacturer’s stock after selling 12,936 shares during the quarter. Capital International Sarl’s holdings in General Motors were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in General Motors during the fourth quarter worth $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the 4th quarter valued at about $26,000. Compass Planning Associates Inc acquired a new position in shares of General Motors during the fourth quarter worth about $27,000. Duncker Streett & Co. Inc. increased its stake in shares of General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 498 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

GM has been the subject of several analyst reports. Piper Sandler boosted their price target on shares of General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Cowen initiated coverage on General Motors in a research note on Thursday, March 6th. They issued a “buy” rating on the stock. UBS Group reaffirmed a “neutral” rating and set a $51.00 price objective (down from $64.00) on shares of General Motors in a research report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft lowered General Motors from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research report on Monday, April 14th. Finally, Sanford C. Bernstein lowered shares of General Motors from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Hold” and an average price target of $56.72.

General Motors Stock Up 0.7 %

Shares of General Motors stock opened at $44.55 on Friday. General Motors has a one year low of $38.96 and a one year high of $61.24. The company has a market cap of $44.32 billion, a P/E ratio of 7.24, a PEG ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The firm has a fifty day moving average of $47.10 and a two-hundred day moving average of $50.33.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.12 per share. 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 is presently 7.80%.

General Motors declared that its Board of Directors has authorized a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

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.