Yousif Capital Management LLC Sells 11,689 Shares of General Motors (NYSE:GM)

Yousif Capital Management LLC cut its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,710 shares of the auto manufacturer's stock after selling 11,689 shares during the period. Yousif Capital Management LLC's holdings in General Motors were worth $8,264,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in General Motors in the fourth quarter valued at about $25,404,000. 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 valued at $25,178,000 after acquiring an additional 39,474 shares during the last quarter. Handelsbanken Fonder AB increased its position in General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer's stock valued at $10,763,000 after purchasing an additional 19,924 shares during the period. Vontobel Holding Ltd. raised its holdings in General Motors by 65.3% during the 4th quarter. Vontobel Holding Ltd. now owns 64,930 shares of the auto manufacturer's stock worth $3,459,000 after purchasing an additional 25,639 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its position in shares of General Motors by 150.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the auto manufacturer's stock worth $2,797,000 after purchasing an additional 31,500 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research note on Monday, May 5th. JPMorgan Chase & Co. cut their price target on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. UBS Group decreased their price objective on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 target price on the stock. in a research note on Monday, April 14th. Finally, Cowen assumed coverage on General Motors in a report on Thursday, March 6th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $53.35.

General Motors Stock Performance

Shares of General Motors stock traded down $0.64 during trading hours on Friday, reaching $48.62. The company had a trading volume of 8,701,633 shares, compared to its average volume of 12,978,177. The firm has a market cap of $46.74 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. General Motors has a one year low of $38.96 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The business has a fifty day simple moving average of $47.21 and a 200 day simple moving average of $49.11.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business had revenue of $44.02 billion during the quarter, compared to analyst estimates of $42.64 billion. During the same quarter in the previous year, the firm earned $2.62 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company 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. This represents a $0.60 annualized dividend and a yield of 1.23%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

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

General Motors Company 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.