Teachers Advisors LLC lifted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,886,540 shares of the auto manufacturer’s stock after acquiring an additional 232,784 shares during the period. Teachers Advisors LLC owned 0.28% of General Motors worth $159,309,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advent Capital Management DE lifted its position in shares of General Motors by 30.6% in the fourth quarter. Advent Capital Management DE now owns 198,541 shares of the auto manufacturer’s stock worth $8,138,000 after buying an additional 46,541 shares in the last quarter. Alyeska Investment Group L.P. raised its position in General Motors by 181.5% during the third quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after purchasing an additional 1,166,696 shares during the period. Dimensional Fund Advisors LP raised its position in General Motors by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after purchasing an additional 331,621 shares during the period. Lehman Financial Resources Inc. raised its position in General Motors by 6.4% during the third quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after purchasing an additional 4,050 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in General Motors during the third quarter valued at approximately $701,000. 73.61% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now owns 57,091 shares of the company’s stock, valued at $2,569,095. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas S. Timko sold 8,461 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $42.06, for a total value of $355,869.66. Following the completion of the transaction, the chief accounting officer now directly owns 33,519 shares in the company, valued at approximately $1,409,809.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,289,848 shares of company stock worth $1,600,694,061. Company insiders own 0.04% of the company’s stock.
Shares of General Motors (NYSE GM) opened at $37.86 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76. The firm has a market capitalization of $53,091.14, a P/E ratio of -13.09, a PEG ratio of 0.72 and a beta of 1.60.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. research analysts anticipate that General Motors will post 6.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.38 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. General Motors’s payout ratio is -52.59%.
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General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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