General Motors (NYSE:GM) Stock Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,391 shares of the auto manufacturer’s stock after selling 13,600 shares during the period. Commonwealth Equity Services LLC’s holdings in General Motors were worth $13,392,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter worth $26,000. Truvestments Capital LLC bought a new stake in shares of General Motors in the 3rd quarter worth $27,000. Compass Planning Associates Inc bought a new stake in shares of General Motors in the 4th quarter worth $27,000. Finally, Duncker Streett & Co. Inc. raised its stake in shares of General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 498 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on GM shares. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. Hsbc Global Res downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. TD Cowen initiated coverage on General Motors in a report on Friday, March 7th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.89.

General Motors Stock Performance

Shares of GM stock opened at $48.62 on Wednesday. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $48.38 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.67 and a beta of 1.42. The stock’s fifty day simple moving average is $49.07 and its 200-day simple moving average is $50.47.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, sell-side analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

General Motors Profile

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.