General Motors (NYSE:GM) Shares Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 53.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,453,221 shares of the auto manufacturer's stock after purchasing an additional 503,816 shares during the quarter. Donald Smith & CO. Inc. owned 0.13% of General Motors worth $52,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GM. Vanguard Group Inc. raised its holdings in General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. Morgan Stanley raised its stake in shares of General Motors by 1.3% in the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer's stock worth $501,562,000 after buying an additional 201,080 shares during the period. Northern Trust Corp lifted its position in shares of General Motors by 1.8% during the 3rd quarter. Northern Trust Corp now owns 13,196,412 shares of the auto manufacturer's stock valued at $435,086,000 after buying an additional 237,359 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of General Motors by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,768,787 shares of the auto manufacturer's stock valued at $322,077,000 after acquiring an additional 197,750 shares during the period. Finally, LSV Asset Management increased its holdings in General Motors by 1.7% in the 3rd quarter. LSV Asset Management now owns 8,617,870 shares of the auto manufacturer's stock worth $284,131,000 after acquiring an additional 144,886 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In related news, EVP Gerald Johnson sold 27,122 shares of the firm's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares of the company's stock, valued at $860,710.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock valued at $3,614,078 in the last ninety days. Insiders own 0.54% of the company's stock.

General Motors Price Performance

GM traded up $0.20 during trading hours on Monday, hitting $46.04. The company's stock had a trading volume of 10,570,536 shares, compared to its average volume of 17,374,258. The stock has a market cap of $52.53 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.54 and a beta of 1.51. The business's 50-day moving average price is $42.42 and its 200-day moving average price is $36.47. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. General Motors has a 12 month low of $26.30 and a 12 month high of $46.17.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to analysts' expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business's revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $2.21 EPS. Sell-side analysts expect that General Motors will post 9.45 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. General Motors's dividend payout ratio (DPR) is presently 5.87%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of General Motors from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of General Motors from $44.00 to $50.00 and gave the stock a "hold" rating in a report on Tuesday, April 23rd. TheStreet upgraded General Motors from a "c+" rating to a "b-" rating in a research note on Tuesday, March 19th. Sanford C. Bernstein began coverage on General Motors in a research report on Thursday. They issued an "outperform" rating and a $55.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given 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 "Moderate Buy" and a consensus price target of $54.65.

About General Motors

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.