DSC Advisors L.P. bought a new stake in General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 53,905 shares of the auto manufacturer’s stock, valued at approximately $2,209,000. General Motors accounts for approximately 1.3% of DSC Advisors L.P.’s investment portfolio, making the stock its 19th biggest holding.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GM. Icon Wealth Partners LLC purchased a new stake in General Motors in the fourth quarter valued at approximately $106,000. Fieldpoint Private Securities LLC purchased a new stake in General Motors in the third quarter valued at approximately $119,000. Cerebellum GP LLC purchased a new stake in General Motors in the fourth quarter valued at approximately $123,000. Independence Bank of Kentucky purchased a new stake in General Motors in the fourth quarter valued at approximately $129,000. Finally, Stumpf Capital Management LLC purchased a new stake in General Motors in the fourth quarter valued at approximately $131,000. 73.61% of the stock is currently owned by institutional investors.
General Motors (NYSE GM) opened at $38.01 on Wednesday. The company has a market capitalization of $53,230.00, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.72 and a beta of 1.60. 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 twelve month low of $31.92 and a twelve month high of $46.76.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is presently 29.51%.
In related news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $1,588,400,000.00. The disclosure for this sale can be found here. Insiders sold 40,289,848 shares of company stock worth $1,600,694,061 in the last three months. 0.04% of the stock is currently owned by corporate insiders.
A number of analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on General Motors from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and set a $42.00 price objective on shares of General Motors in a research report on Tuesday, March 6th. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.25 price objective on the stock. in a research report on Tuesday, February 27th. Berenberg Bank set a $34.00 price objective on General Motors and gave the stock a “sell” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada set a $52.00 price objective on General Motors and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.75.
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General Motors 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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