Yousif Capital Management LLC Has $8.96 Million Stake in General Motors (NYSE:GM)

Yousif Capital Management LLC lessened its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 249,321 shares of the auto manufacturer’s stock after selling 7,520 shares during the period. Yousif Capital Management LLC’s holdings in General Motors were worth $8,956,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Highlander Capital Management LLC bought a new stake in General Motors in the fourth quarter worth approximately $27,000. SouthState Corp increased its stake in shares of General Motors by 173.8% in the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of General Motors in the 4th quarter valued at $36,000. BluePath Capital Management LLC bought a new stake in shares of General Motors in the 3rd quarter valued at $33,000. Finally, Venturi Wealth Management LLC increased its stake in shares of General Motors by 74.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,229 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Down 0.8 %

Shares of GM stock opened at $44.70 on Thursday. The company has a market capitalization of $51.60 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. The company has a 50-day simple moving average of $42.00 and a two-hundred day simple moving average of $36.12. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. The company had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.21 earnings per share. Research analysts anticipate that General Motors will post 9.26 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.07%. General Motors’s payout ratio is currently 5.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wedbush lifted their price target on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein began coverage on General Motors in a research report on Thursday. They issued an “outperform” rating and a $55.00 target price for the company. Morgan Stanley boosted their target price on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Piper Sandler boosted their price objective on General Motors from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, UBS Group boosted their price objective on General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.38.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the transaction, the executive vice president now owns 98,628 shares of the company’s stock, valued at approximately $3,948,078.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is 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.