ACR Alpine Capital Research LLC Decreases Holdings in General Motors (NYSE:GM)

ACR Alpine Capital Research LLC reduced its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,844,854 shares of the auto manufacturer's stock after selling 99,119 shares during the quarter. General Motors comprises about 7.1% of ACR Alpine Capital Research LLC's portfolio, making the stock its 8th biggest position. ACR Alpine Capital Research LLC owned 0.51% of General Motors worth $209,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Handelsbanken Fonder AB raised its stake in shares of General Motors by 18.5% during the fourth quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer's stock worth $17,064,000 after buying an additional 74,194 shares during the last quarter. Cerity Partners LLC grew its stake in shares of General Motors by 361.1% during the fourth quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer's stock worth $4,300,000 after purchasing an additional 93,754 shares during the period. Foundry Partners LLC increased its holdings in General Motors by 15.0% in the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer's stock valued at $12,992,000 after purchasing an additional 51,336 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in General Motors by 10.5% in the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer's stock valued at $4,859,000 after purchasing an additional 14,002 shares during the last quarter. Finally, AM Squared Ltd boosted its holdings in General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer's stock worth $1,483,000 after buying an additional 27,300 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Up 0.5 %

GM stock traded up $0.23 during mid-day trading on Tuesday, reaching $45.29. The company had a trading volume of 9,135,618 shares, compared to its average volume of 17,014,723. General Motors has a 52 week low of $26.30 and a 52 week high of $46.17. The company has a market capitalization of $51.67 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 0.53 and a beta of 1.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $43.05 and a two-hundred day simple moving average of $37.11.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $2.21 earnings per share. As a group, equities analysts predict that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, June 7th. General Motors's payout ratio is currently 5.87%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wedbush raised their price objective on General Motors from $45.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Tigress Financial lifted their price objective on General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft increased their target price on General Motors from $44.00 to $50.00 and gave the stock a "hold" rating in a research note on Tuesday, April 23rd. Sanford C. Bernstein assumed coverage on shares of General Motors in a research note on Thursday, April 25th. They issued an "outperform" rating and a $55.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on shares of General Motors from $28.00 to $30.00 and gave the company an "underweight" rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Moderate Buy" and an average target price of $54.65.

Insiders Place Their Bets

In related news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Julian G. Blissett sold 13,826 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gerald Johnson sold 15,190 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the sale, the executive vice president now owns 98,628 shares of the company's stock, valued at $3,948,078.84. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock valued at $3,614,078 over the last 90 days. 0.72% of the stock is currently owned by insiders.

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.