OMERS ADMINISTRATION Corp Reduces Holdings in General Motors (NYSE:GM)

OMERS ADMINISTRATION Corp trimmed its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,423 shares of the auto manufacturer's stock after selling 11,657 shares during the period. OMERS ADMINISTRATION Corp's holdings in General Motors were worth $4,497,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of General Motors by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock worth $1,559,380,000 after acquiring an additional 1,170,816 shares in the last quarter. Geode Capital Management LLC lifted its stake in General Motors by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after acquiring an additional 176,436 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in General Motors by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock valued at $749,382,000 after acquiring an additional 228,408 shares during the last quarter. Norges Bank acquired a new stake in General Motors in the fourth quarter valued at $592,321,000. Finally, Northern Trust Corp lifted its stake in shares of General Motors by 8.1% during the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after buying an additional 822,454 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM stock traded up $0.24 on Friday, reaching $50.36. The company's stock had a trading volume of 6,097,005 shares, compared to its average volume of 13,388,946. The stock's fifty day simple moving average is $46.85 and its 200-day simple moving average is $50.02. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $48.42 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion during the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.62 earnings per share. Analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The firm also recently announced 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 1.19%. This is an increase 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 8.65%.

General Motors announced that its board has authorized a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on GM shares. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Mizuho upped their price objective on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Sanford C. Bernstein set a $36.00 target price on shares of General Motors in a report on Monday, May 5th. Finally, StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $54.56.

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.