Siemens Fonds Invest GmbH Sells 40,497 Shares of General Motors (NYSE:GM)

Siemens Fonds Invest GmbH trimmed its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 78.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,191 shares of the auto manufacturer's stock after selling 40,497 shares during the period. Siemens Fonds Invest GmbH's holdings in General Motors were worth $596,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in shares of General Motors by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of General Motors by 0.7% in the fourth 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of General Motors by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock worth $749,382,000 after buying an additional 228,408 shares during the period. Norges Bank acquired a new stake in shares of General Motors in the fourth quarter worth $592,321,000. Finally, Northern Trust Corp boosted its position in shares of General Motors by 8.1% in the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after buying an additional 822,454 shares during the period. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

GM traded up $1.36 during trading on Tuesday, hitting $49.05. The stock had a trading volume of 12,393,489 shares, compared to its average volume of 13,226,712. The firm has a market cap of $47.16 billion, a PE ratio of 7.98, a P/E/G ratio of 0.67 and a beta of 1.36. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. 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 company has a 50 day simple moving average of $46.77 and a 200-day simple moving average of $49.51.

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

General Motors declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

General Motors Increases Dividend

The company 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 $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. 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. General Motors's dividend payout ratio (DPR) is 8.65%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wedbush decreased their target price on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. TD Cowen assumed coverage on shares of General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 price target on the stock. Finally, Royal Bank of Canada raised 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. Four analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $54.56.

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.