BDF Gestion Sells 7,140 Shares of General Motors (NYSE:GM)

BDF Gestion trimmed its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,980 shares of the auto manufacturer’s stock after selling 7,140 shares during the period. BDF Gestion’s holdings in General Motors were worth $2,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors during the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in General Motors during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of General Motors in the 4th quarter worth approximately $31,000. Finally, Eastern Bank acquired a new position in shares of General Motors in the 3rd quarter worth approximately $34,000. 92.67% of the stock is currently owned by institutional investors.

Insider Activity at General Motors

In other news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 514,344 shares of company stock worth $28,977,691 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GM. JPMorgan Chase & Co. boosted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays boosted their target price on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Morgan Stanley raised 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 report on Tuesday, December 10th. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, UBS Group boosted their target price on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.28.

General Motors Stock Performance

Shares of General Motors stock opened at $49.85 on Thursday. The firm has a fifty day moving average of $53.04 and a two-hundred day moving average of $49.95. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.38 and a beta of 1.42. General Motors has a 52 week low of $37.40 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. As a group, equities research analysts predict that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is currently 5.12%.

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.