Ninety One SA PTY Ltd Grows Stock Holdings in General Motors (NYSE:GM)

Ninety One SA PTY Ltd lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,428 shares of the auto manufacturer’s stock after buying an additional 15,925 shares during the period. General Motors comprises 1.3% of Ninety One SA PTY Ltd’s holdings, making the stock its 23rd largest holding. Ninety One SA PTY Ltd’s holdings in General Motors were worth $5,882,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ninety One UK Ltd increased its position in shares of General Motors by 38.7% during the 4th quarter. Ninety One UK Ltd now owns 4,089,633 shares of the auto manufacturer’s stock valued at $217,855,000 after purchasing an additional 1,140,569 shares during the last quarter. Dupree Financial Group LLC bought a new position in General Motors during the fourth quarter valued at $5,257,000. Trust Point Inc. increased its position in General Motors by 2.7% during the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer’s stock valued at $386,000 after acquiring an additional 193 shares during the last quarter. Holistic Planning LLC lifted its holdings in shares of General Motors by 3.9% in the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer’s stock worth $307,000 after acquiring an additional 214 shares during the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of General Motors by 21.9% during the 4th quarter. HHM Wealth Advisors LLC now owns 1,606 shares of the auto manufacturer’s stock worth $86,000 after purchasing an additional 289 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Trading Up 1.5 %

GM opened at $48.64 on Wednesday. General Motors has a 12 month low of $37.60 and a 12 month high of $61.24. The stock has a fifty day moving average price of $52.39 and a 200-day moving average price of $49.94. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 0.69 and a beta of 1.40. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly 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 3.21% and a return on equity of 15.29%. As a group, equities research analysts anticipate that General Motors will post 11.41 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is presently 7.80%.

Analyst Ratings Changes

Several analysts have issued reports on GM shares. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday. Mizuho upped their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Finally, UBS Group upped their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.28.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value 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 approximately $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

About General Motors

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.