Czech National Bank Has $10.75 Million Stock Holdings in General Motors (NYSE:GM)

Czech National Bank trimmed its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 228,536 shares of the auto manufacturer's stock after selling 9,879 shares during the period. Czech National Bank's holdings in General Motors were worth $10,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock worth $1,559,380,000 after acquiring an additional 1,170,816 shares during the period. Geode Capital Management LLC lifted its holdings in General Motors by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock worth $1,264,567,000 after buying an additional 176,436 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of General Motors by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock valued at $749,382,000 after purchasing an additional 228,408 shares in the last quarter. Norges Bank bought a new stake in shares of General Motors during the 4th quarter valued at about $592,321,000. Finally, Northern Trust Corp grew its position in shares of General Motors by 8.1% during the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock valued at $582,251,000 after buying an additional 822,454 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on GM. Cowen assumed coverage on shares of General Motors in a research report on Thursday, March 6th. They issued a "buy" rating for the company. Wedbush dropped their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Mizuho raised their price objective on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $54.56.

General Motors Trading Down 0.9%

Shares of NYSE:GM traded down $0.45 during trading on Thursday, hitting $47.22. 10,095,226 shares of the company's stock were exchanged, compared to its average volume of 13,169,737. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The firm has a 50-day moving average price of $46.80 and a two-hundred day moving average price of $49.43. 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 firm has a market cap of $45.40 billion, a P/E ratio of 7.68, 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 quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. During the same quarter in the prior year, the firm earned $2.62 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. Equities analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be issued a dividend of $0.15 per share. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.27%. General Motors's dividend payout ratio is presently 8.65%.

General Motors announced that its Board of Directors has approved a share 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is 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.