Capital International Inc. CA Sells 32,690 Shares of General Motors (NYSE:GM)

Capital International Inc. CA lowered its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,301 shares of the auto manufacturer's stock after selling 32,690 shares during the period. Capital International Inc. CA's holdings in General Motors were worth $14,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GM. Golden State Wealth Management LLC acquired a new position in General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the fourth quarter worth approximately $26,000. Compass Planning Associates Inc bought a new position in General Motors in the 4th quarter worth approximately $27,000. Whittier Trust Co. increased its position in General Motors by 551.9% in the 4th 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. Finally, Duncker Streett & Co. Inc. raised its stake in General Motors by 9,960.0% during the 4th 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. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Up 0.5 %

NYSE:GM traded up $0.23 during trading hours on Friday, hitting $47.11. 4,301,000 shares of the company's stock traded hands, compared to its average volume of 13,328,501. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The firm has a market cap of $46.87 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock's fifty day moving average price is $46.89 and its two-hundred day moving average price is $50.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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, research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Friday, March 7th. General Motors's dividend payout ratio is currently 7.80%.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research analyst reports. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. dropped their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Piper Sandler increased their price objective on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. TD Cowen started coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Finally, Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and dropped their price objective for the stock from $50.00 to $35.00 in a research note on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.