General Motors (NYSE:GM) Shares Sold by Whitebox Advisors LLC

Whitebox Advisors LLC cut its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 52.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,798 shares of the auto manufacturer's stock after selling 84,978 shares during the period. Whitebox Advisors LLC's holdings in General Motors were worth $4,038,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of General Motors in the fourth quarter worth $592,321,000. Amundi boosted its holdings in General Motors by 75.5% in the 4th quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after buying an additional 2,113,973 shares during the period. ACR Alpine Capital Research LLC increased its stake in General Motors by 39.8% in the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after buying an additional 2,104,528 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in General Motors in the 4th quarter worth $108,366,000. Finally, National Bank of Canada FI lifted its position in shares of General Motors by 54.4% in the fourth quarter. National Bank of Canada FI now owns 3,352,523 shares of the auto manufacturer's stock valued at $178,593,000 after acquiring an additional 1,180,936 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on GM. Wedbush decreased their price target on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a research note on Friday. UBS Group reduced their price target on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday. Royal Bank of Canada lifted their price objective on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday. StockNews.com lowered General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reduced their target price on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $53.94.

General Motors Price Performance

Shares of GM traded up $0.22 during trading hours on Friday, hitting $45.27. 11,644,783 shares of the stock were exchanged, compared to its average volume of 13,426,276. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a market cap of $43.74 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.67 and a beta of 1.27. The stock's 50-day moving average price is $46.76 and its two-hundred day moving average price is $50.24. 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 released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $2.62 earnings per share. Research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio is currently 7.80%.

General Motors announced that its board has authorized a share buyback plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors 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.