Pathstone Holdings LLC Lowers Stake in General Motors (NYSE:GM)

Pathstone Holdings LLC trimmed its position in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,002 shares of the auto manufacturer's stock after selling 25,068 shares during the period. Pathstone Holdings LLC's holdings in General Motors were worth $9,319,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its holdings in General Motors by 19.7% during the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock worth $488,000 after acquiring an additional 1,510 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of General Motors in the fourth quarter valued at about $25,404,000. SYM FINANCIAL Corp acquired a new position in shares of General Motors in the fourth quarter valued at about $474,000. Asset Management One Co. Ltd. grew its holdings in General Motors by 9.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after acquiring an additional 39,474 shares during the period. Finally, Avantra Family Wealth Inc. acquired a new stake in General Motors in the fourth quarter valued at approximately $1,044,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 0.3%

NYSE GM traded up $0.17 during trading hours on Tuesday, reaching $50.20. 6,563,577 shares of the company's stock traded hands, compared to its average volume of 13,370,898. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market cap of $48.26 billion, a PE ratio of 8.16, a PEG ratio of 0.67 and a beta of 1.36. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The firm has a 50-day simple moving average of $46.89 and a 200 day simple moving average of $50.00.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results 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. 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 analyst estimates of $42.64 billion. During the same period in the prior year, the business posted $2.62 earnings per share. The company's revenue was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Friday, June 6th will be paid a $0.15 dividend. The ex-dividend date is Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. 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 reacquire up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

GM has been the topic of several research analyst reports. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. UBS Group cut their target price on shares of General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a report on Monday, April 14th. Finally, Cowen initiated coverage on General Motors in a research report on Thursday, March 6th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.56.

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.