Snowden Capital Advisors LLC Cuts Stake in General Motors (NYSE:GM)

Snowden Capital Advisors LLC trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,577 shares of the auto manufacturer's stock after selling 6,540 shares during the period. Snowden Capital Advisors LLC's holdings in General Motors were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Trust Point Inc. boosted its holdings in shares of General Motors by 2.7% in the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after acquiring an additional 193 shares in the last quarter. Holistic Planning LLC lifted its position in General Motors by 3.9% in the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after purchasing an additional 214 shares during the period. Nemes Rush Group LLC boosted its holdings in General Motors by 18.7% in the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock valued at $73,000 after purchasing an additional 217 shares in the last quarter. Operose Advisors LLC increased its position in General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after purchasing an additional 223 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after buying an additional 226 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of analyst reports. Barclays lifted their price target on General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wall Street Zen cut shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a report on Monday, April 14th. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a report on Monday, May 5th. Finally, The Goldman Sachs Group lowered their target price on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, General Motors has a consensus rating of "Hold" and a consensus target price of $54.56.

General Motors Price Performance

General Motors stock traded down $0.11 during midday trading on Thursday, reaching $49.26. 6,377,448 shares of the company were exchanged, compared to its average volume of 13,333,493. The firm's 50-day simple moving average is $46.97 and its 200-day simple moving average is $49.99. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 0.67 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion during 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 company's revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.62 earnings per share. On average, analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 1.22%. General Motors's payout ratio is 8.65%.

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

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.