Occudo Quantitative Strategies LP Makes New $1.99 Million Investment in General Motors (NYSE:GM)

Occudo Quantitative Strategies LP acquired a new position in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,339 shares of the auto manufacturer's stock, valued at approximately $1,989,000.

Other hedge funds also recently modified their holdings of the company. Trust Point Inc. grew its stake in General Motors by 2.7% in the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer's stock valued at $386,000 after purchasing an additional 193 shares in the last quarter. Holistic Planning LLC increased its holdings in General Motors by 3.9% during the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer's stock worth $307,000 after buying an additional 214 shares during the last quarter. Nemes Rush Group LLC raised its position in General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after acquiring an additional 217 shares in the last quarter. Operose Advisors LLC lifted its stake in General Motors by 18.7% in the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after acquiring an additional 223 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of General Motors by 0.4% in the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after acquiring an additional 226 shares during the period. Institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Mizuho raised their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday. Barclays lifted their target price on General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. UBS Group dropped their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $54.56.

General Motors Price Performance

Shares of GM traded up $0.24 during midday trading on Friday, hitting $50.36. 6,097,005 shares of the company traded hands, compared to its average volume of 13,388,945. The firm has a market cap of $48.42 billion, a P/E ratio of 8.19, a PEG ratio of 0.67 and a beta of 1.36. The stock has a 50-day moving average of $46.81 and a 200-day moving average of $50.03. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. General Motors has a one year low of $38.96 and a one year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The business had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter in the prior year, the company posted $2.62 EPS. The firm's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.19%. This is a boost 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 declared that its board has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is 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.