General Motors Company (GM) Position Lowered by GFS Advisors LLC

GFS Advisors LLC decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 272,827 shares of the auto manufacturer’s stock after selling 31,579 shares during the period. General Motors Company accounts for about 2.0% of GFS Advisors LLC’s portfolio, making the stock its 11th largest position. GFS Advisors LLC’s holdings in General Motors Company were worth $9,505,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GM. Russell Investments Group Ltd. bought a new stake in shares of General Motors Company during the fourth quarter worth about $113,021,000. TIAA CREF Investment Management LLC increased its stake in shares of General Motors Company by 73.3% in the third quarter. TIAA CREF Investment Management LLC now owns 4,724,262 shares of the auto manufacturer’s stock worth $150,090,000 after buying an additional 1,998,770 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of General Motors Company by 697.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,820,910 shares of the auto manufacturer’s stock worth $57,850,000 after buying an additional 1,592,500 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of General Motors Company by 39.7% in the fourth quarter. Artemis Investment Management LLP now owns 5,217,033 shares of the auto manufacturer’s stock worth $181,786,000 after buying an additional 1,483,873 shares during the last quarter. Finally, Anchor Bolt Capital LP increased its stake in shares of General Motors Company by 22.0% in the second quarter. Anchor Bolt Capital LP now owns 5,735,044 shares of the auto manufacturer’s stock worth $162,302,000 after buying an additional 1,035,507 shares during the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for General Motors Company (NYSE:GM)

Shares of General Motors Company (NYSE:GM) opened at 37.03 on Friday. General Motors Company has a 1-year low of $27.34 and a 1-year high of $38.38. The company has a 50-day moving average of $36.52 and a 200-day moving average of $33.63. The stock has a market capitalization of $55.47 billion, a price-to-earnings ratio of 6.17 and a beta of 1.32.

General Motors Company (NYSE:GM) last issued its earnings results on Tuesday, February 7th. The auto manufacturer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%. The business earned $43.90 billion during the quarter, compared to the consensus estimate of $40.97 billion. During the same period last year, the company earned $1.39 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts expect that General Motors Company will post $6.06 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Wednesday, March 8th. General Motors Company’s dividend payout ratio (DPR) is presently 25.33%.

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A number of research firms recently issued reports on GM. Vetr raised shares of General Motors Company from a “hold” rating to a “buy” rating and set a $32.86 price objective on the stock in a report on Wednesday, October 26th. Barclays PLC reissued a “neutral” rating on shares of General Motors Company in a report on Friday, February 3rd. Bank of America Corporation downgraded shares of General Motors Company from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $26.69 to $31.60 in a report on Wednesday, October 26th. Jefferies Group LLC set a $36.00 price objective on shares of General Motors Company and gave the stock a “hold” rating in a report on Thursday, January 19th. Finally, Craig Hallum downgraded shares of General Motors Company from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. General Motors Company presently has a consensus rating of “Hold” and an average price target of $37.06.

In other General Motors Company news, President Daniel Ammann sold 10,000 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the president now directly owns 153,850 shares of the company’s stock, valued at approximately $5,692,450. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stefan Jacoby sold 2,540 shares of the firm’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $36.12, for a total value of $91,744.80. Following the completion of the sale, the insider now directly owns 16,230 shares of the company’s stock, valued at $586,227.60. The disclosure for this sale can be found here. Insiders sold a total of 46,377 shares of company stock valued at $1,700,120 over the last ninety days. Corporate insiders own 0.04% of the company’s stock.

About General Motors Company

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

5 Day Chart for NYSE:GM

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