General Motors (NYSE:GM) Shares Sold by Capital International Sarl

Capital International Sarl reduced its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 64.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,212 shares of the auto manufacturer's stock after selling 12,936 shares during the period. Capital International Sarl's holdings in General Motors were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC raised its holdings in General Motors by 770.3% during the 3rd quarter. Virtu Financial LLC now owns 99,054 shares of the auto manufacturer's stock worth $4,442,000 after purchasing an additional 87,672 shares during the last quarter. Te Ahumairangi Investment Management Ltd raised its stake in General Motors by 6.6% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 100,708 shares of the auto manufacturer's stock worth $4,490,000 after buying an additional 6,200 shares during the last quarter. World Investment Advisors LLC acquired a new position in General Motors in the third quarter valued at $237,000. Wilmington Savings Fund Society FSB bought a new stake in General Motors during the third quarter valued at $1,907,000. Finally, Tidal Investments LLC raised its position in shares of General Motors by 44.7% in the 3rd quarter. Tidal Investments LLC now owns 65,389 shares of the auto manufacturer's stock worth $2,932,000 after acquiring an additional 20,206 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GM shares. Cowen began coverage on General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. TD Cowen began coverage on shares of General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. UBS Group reissued a "neutral" rating and set a $51.00 target price (down from $64.00) on shares of General Motors in a research note on Thursday, April 10th. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Sanford C. Bernstein downgraded shares of General Motors from a "market perform" rating to an "underperform" rating and reduced their price target for the company from $50.00 to $35.00 in a research report on Monday, April 7th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $54.83.

General Motors Trading Up 0.9 %

General Motors stock traded up $0.44 during mid-day trading on Friday, reaching $47.32. 3,808,953 shares of the company traded hands, compared to its average volume of 13,326,446. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The firm's 50 day moving average price is $46.89 and its 200 day moving average price is $50.30. The firm has a market capitalization of $47.08 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly 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 net margin of 3.21% and a return on equity of 15.29%. On average, 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 stock buyback plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, March 7th. General Motors's dividend payout ratio is presently 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.