Aquatic Capital Management LLC Boosts Stake in General Motors (NYSE:GM)

Aquatic Capital Management LLC boosted its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 617,942 shares of the auto manufacturer's stock after acquiring an additional 40,142 shares during the period. General Motors accounts for about 0.9% of Aquatic Capital Management LLC's holdings, making the stock its 12th biggest position. Aquatic Capital Management LLC owned 0.06% of General Motors worth $32,918,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the fourth quarter worth about $26,000. Compass Planning Associates Inc bought a new stake in shares of General Motors in the fourth quarter worth about $27,000. Duncker Streett & Co. Inc. grew its stake in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 425 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

NYSE:GM traded down $0.07 during trading hours on Thursday, reaching $45.17. 9,078,769 shares of the company were exchanged, compared to its average volume of 13,395,820. 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 stock's 50-day moving average is $46.82 and its 200-day moving average is $50.27. The firm has a market cap of $43.65 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The business had revenue of $44.02 billion during the quarter, compared to analyst estimates of $42.64 billion. During the same quarter in the prior year, the firm earned $2.62 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate 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 plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio is currently 7.80%.

Analyst Upgrades and Downgrades

Several analysts have commented on GM shares. Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. The Goldman Sachs Group cut their target price on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Piper Sandler lifted their target price on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Sanford C. Bernstein downgraded shares of General Motors from a "market perform" rating to an "underperform" rating and cut their target price for the stock from $50.00 to $35.00 in a research report on Monday, April 7th. Finally, StockNews.com downgraded shares of General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.83.

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.