Alaska Permanent Fund Corp Has $2.36 Million Holdings in General Motors (NYSE:GM)

Alaska Permanent Fund Corp raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,718 shares of the auto manufacturer’s stock after buying an additional 1,318 shares during the quarter. Alaska Permanent Fund Corp’s holdings in General Motors were worth $2,361,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Handelsbanken Fonder AB raised its stake in shares of General Motors by 18.5% in the fourth quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer’s stock valued at $17,064,000 after purchasing an additional 74,194 shares in the last quarter. Cerity Partners LLC raised its stake in shares of General Motors by 361.1% in the fourth quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer’s stock valued at $4,300,000 after purchasing an additional 93,754 shares in the last quarter. Foundry Partners LLC raised its stake in shares of 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 in the last quarter. Public Sector Pension Investment Board grew its position 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 acquiring an additional 14,002 shares during the period. Finally, AM Squared Ltd grew its position in General Motors by 195.0% in the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer’s stock valued at $1,483,000 after acquiring an additional 27,300 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GM shares. Wedbush upped their price target on General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday. 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 report on Wednesday, January 31st. Redburn Atlantic initiated coverage on General Motors in a report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 target price on the stock. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Finally, UBS Group increased their target price on General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.38.

General Motors Stock Up 0.2 %

Shares of NYSE:GM traded up $0.09 during mid-day trading on Thursday, reaching $45.17. 3,655,025 shares of the stock were exchanged, compared to its average volume of 17,374,465. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The company has a market cap of $52.15 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.53 and a beta of 1.51. General Motors has a one year low of $26.30 and a one year high of $46.04. The stock’s 50 day simple moving average is $42.00 and its 200-day simple moving average is $36.12.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $2.21 earnings per share. As a group, equities research analysts predict that General Motors will post 9.26 EPS for the current year.

General Motors Announces Dividend

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

Insider Transactions at General Motors

In related news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The disclosure for this sale can be found here. In the last three months, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by company insiders.

General Motors Company 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.