1,130,047 Shares in General Motors (NYSE:GM) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,130,047 shares of the auto manufacturer's stock, valued at approximately $60,198,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of General Motors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trust Point Inc. raised its holdings in shares of General Motors by 2.7% during the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares in the last quarter. Holistic Planning LLC grew its stake in General Motors by 3.9% in the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock valued at $307,000 after buying an additional 214 shares during the last quarter. Nemes Rush Group LLC grew its stake 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 buying an additional 217 shares during the last quarter. Operose Advisors LLC grew its stake in General Motors by 18.7% in the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after buying an additional 223 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after buying an additional 226 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

GM traded up $0.43 during trading on Thursday, reaching $48.56. 8,400,313 shares of the company traded hands, compared to its average volume of 13,284,692. 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 has a 12-month low of $38.96 and a 12-month high of $61.24. The firm has a fifty day simple moving average of $46.92 and a 200 day simple moving average of $49.80. The company has a market cap of $46.69 billion, a P/E ratio of 7.90, a PEG ratio of 0.67 and a beta of 1.36.

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

General Motors announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio (DPR) is currently 8.65%.

Analyst Ratings Changes

Several analysts have issued reports on GM shares. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research report on Monday, May 5th. Royal Bank of Canada lifted their target price on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. 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. TD Cowen started coverage on shares of General Motors in a report on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Finally, Citigroup started coverage on shares of General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price target for the company. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $54.56.

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.