Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Position in General Motors Company (NYSE:GM)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 18.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,889 shares of the auto manufacturer’s stock after selling 30,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in General Motors were worth $6,532,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GM. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors in the 4th quarter valued at approximately $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors in the 1st quarter valued at approximately $32,000. Transce3nd LLC purchased a new position in shares of General Motors during the 4th quarter worth approximately $34,000. North Capital Inc. purchased a new position in shares of General Motors during the 1st quarter worth approximately $40,000. Finally, Ossiam purchased a new position in shares of General Motors during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

General Motors Price Performance

Shares of GM opened at $56.31 on Friday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The firm’s fifty day simple moving average is $51.70 and its 200-day simple moving average is $48.92. The firm has a market capitalization of $53.61 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.19 and a beta of 1.36. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the business earned $3.06 EPS. The company’s revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors’s dividend payout ratio (DPR) is presently 9.52%.

Analyst Ratings Changes

A number of research firms recently weighed in on GM. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on shares of General Motors from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 23rd. Citigroup increased their price objective on shares of General Motors from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. UBS Group increased their price objective on shares of General Motors from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research report on Monday, May 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.53.

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.