Avanza Fonder AB Has $4.63 Million Holdings in General Motors (NYSE:GM)

Avanza Fonder AB lessened its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,584 shares of the auto manufacturer's stock after selling 14,778 shares during the quarter. Avanza Fonder AB's holdings in General Motors were worth $4,634,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC acquired a new position in shares of General Motors during the 4th quarter worth $25,404,000. Asset Management One Co. Ltd. increased its stake in shares of General Motors by 9.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after purchasing an additional 39,474 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock worth $10,763,000 after purchasing an additional 19,924 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of General Motors by 65.3% during the 4th quarter. Vontobel Holding Ltd. now owns 64,930 shares of the auto manufacturer's stock worth $3,459,000 after purchasing an additional 25,639 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. increased its stake in shares of General Motors by 150.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the auto manufacturer's stock worth $2,797,000 after purchasing an additional 31,500 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

GM has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a report on Monday, May 5th. Citigroup initiated coverage on shares of General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective for the company. Royal Bank of Canada increased their price target on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Wedbush reduced their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $53.35.

General Motors Price Performance

Shares of General Motors stock traded down $0.64 during trading on Friday, hitting $48.62. 8,701,633 shares of the company's stock traded hands, compared to its average volume of 12,978,177. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm's fifty day moving average price is $47.21 and its 200 day moving average price is $49.11. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a market cap of $46.74 billion, a PE ratio of 7.91, a PEG ratio of 0.67 and a beta of 1.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.62 EPS. Analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. The ex-dividend date is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. General Motors's payout ratio is 8.65%.

General Motors declared that its board has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to purchase 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.

About General Motors

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.