General Motors (NYSE:GM) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC decreased its stake in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 34.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,866 shares of the auto manufacturer's stock after selling 11,778 shares during the period. Beverly Hills Private Wealth LLC's holdings in General Motors were worth $1,218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GM. Norges Bank purchased a new stake in shares of General Motors during the 4th quarter worth approximately $592,321,000. Amundi raised its holdings in General Motors by 75.5% during the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer's stock worth $250,627,000 after purchasing an additional 2,113,973 shares during the last quarter. ACR Alpine Capital Research LLC boosted its position in General Motors by 39.8% during the fourth quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer's stock worth $394,060,000 after purchasing an additional 2,104,528 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in General Motors in the fourth quarter valued at $108,366,000. Finally, National Bank of Canada FI increased its holdings in General Motors by 54.4% during the 4th 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. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of GM stock opened at $45.27 on Friday. 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 business has a 50 day moving average of $46.76 and a two-hundred day moving average of $50.24. The company has a market cap of $43.74 billion, a P/E ratio of 7.36, a PEG ratio of 0.67 and a beta of 1.27. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

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 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 analysts' expectations of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.62 EPS. As a group, analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

General Motors Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.33%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's dividend payout ratio is presently 7.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GM shares. Wedbush cut their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday. The Goldman Sachs Group decreased their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company reiterated an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Sanford C. Bernstein downgraded General Motors from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $50.00 to $35.00 in a report on Monday, April 7th. Finally, UBS Group dropped their price objective 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. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, General Motors currently has a consensus rating of "Hold" and an average price target of $53.94.

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.

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