Bp Plc reduced its position in General Motors (NYSE:GM) (TSE:GMM.U) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,000 shares of the auto manufacturer’s stock after selling 17,000 shares during the period. Bp Plc’s holdings in General Motors were worth $4,682,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Signet Investment Advisory Group Inc. purchased a new position in General Motors in the 4th quarter valued at about $26,000. Cornerstone Advisors Inc. boosted its position in General Motors by 63.0% in the 4th quarter. Cornerstone Advisors Inc. now owns 895 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 346 shares during the last quarter. NuWave Investment Management LLC boosted its position in General Motors by 198.6% in the 4th quarter. NuWave Investment Management LLC now owns 884 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. Advisors Preferred LLC purchased a new position in General Motors in the 4th quarter valued at about $31,000. Finally, Vigilant Capital Management LLC purchased a new position in General Motors in the 4th quarter valued at about $43,000. 77.74% of the stock is owned by institutional investors.
Shares of GM stock opened at $39.00 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.71. General Motors has a one year low of $30.56 and a one year high of $45.00. The stock has a market cap of $54.45 billion, a PE ratio of 5.96, a P/E/G ratio of 0.72 and a beta of 1.26.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The business had revenue of $38.40 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter last year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts anticipate that General Motors will post 6.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.90%. General Motors’s dividend payout ratio is currently 23.24%.
In other General Motors news, insider Alan S. Batey sold 70,266 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $38.39, for a total value of $2,697,511.74. Following the transaction, the insider now owns 205,906 shares of the company’s stock, valued at $7,904,731.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.
A number of equities analysts have weighed in on GM shares. ValuEngine raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Citigroup upped their price objective on shares of General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. Nomura dropped coverage on shares of General Motors in a research report on Tuesday, November 6th. Morgan Stanley upped their price objective on shares of General Motors from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $38.00 price objective on shares of General Motors in a research report on Tuesday, November 13th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. General Motors has a consensus rating of “Buy” and an average target price of $46.97.
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About General Motors
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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