66,035 Shares in General Motors (NYSE:GM) Bought by Woodline Partners LP

Woodline Partners LP bought a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 66,035 shares of the auto manufacturer's stock, valued at approximately $3,518,000.

Several other large investors have also recently modified their holdings of GM. Blue Trust Inc. increased its stake in shares of General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after buying an additional 1,510 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in General Motors during the 4th quarter valued at about $25,404,000. SYM FINANCIAL Corp purchased a new position in shares of General Motors during the fourth quarter valued at approximately $474,000. Asset Management One Co. Ltd. boosted its holdings in General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after acquiring an additional 39,474 shares in the last quarter. Finally, Avantra Family Wealth Inc. bought a new position in General Motors in the 4th quarter worth about $1,044,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Down 1.9%

GM traded down $0.93 on Wednesday, reaching $48.16. 8,393,272 shares of the company traded hands, compared to its average volume of 13,305,899. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company has a market cap of $46.30 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The firm has a fifty day simple moving average of $46.95 and a two-hundred day simple moving average of $49.81. General Motors has a one year low of $38.96 and a one year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for 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 business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.62 EPS. As a group, equities research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors's payout ratio is presently 8.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GM. BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. Wall Street Zen downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group reduced their price objective on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, Mizuho raised their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.