Bayesian Capital Management LP Lowers Stake in General Motors (NYSE:GM)

Bayesian Capital Management LP decreased its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 31.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,200 shares of the auto manufacturer's stock after selling 24,058 shares during the period. Bayesian Capital Management LP's holdings in General Motors were worth $2,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the fourth quarter worth about $26,000. Compass Planning Associates Inc acquired a new stake in General Motors during the fourth quarter worth about $27,000. Duncker Streett & Co. Inc. raised its position in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 498 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 0.2 %

NYSE GM traded up $0.07 on Tuesday, reaching $45.45. 9,631,551 shares of the company were exchanged, compared to its average volume of 13,402,254. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The stock has a market capitalization of $43.92 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The business's fifty day moving average price is $46.66 and its 200 day moving average price is $50.19. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating 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 firm 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 posted $2.62 earnings per share. General Motors's quarterly revenue was up 2.3% on a year-over-year basis. Analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its board has initiated a stock repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is presently 8.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group cut their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research report on Monday, April 14th. Wedbush reduced their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday. Barclays raised their price objective on General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, General Motors currently has an average rating of "Hold" and a consensus price target of $54.22.

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.