General Motors (NYSE:GM) Holdings Lessened by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC lowered its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,844,854 shares of the auto manufacturer’s stock after selling 99,119 shares during the period. General Motors makes up approximately 7.1% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 8th largest position. ACR Alpine Capital Research LLC’s holdings in General Motors were worth $209,947,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GM. SouthState Corp increased its stake in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 485 shares during the period. Highlander Capital Management LLC acquired a new position in shares of General Motors in the fourth quarter worth $27,000. BluePath Capital Management LLC purchased a new stake in shares of General Motors during the third quarter worth $33,000. Bfsg LLC purchased a new position in General Motors in the fourth quarter valued at $35,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in General Motors in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price objective on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Barclays raised their target price on General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. UBS Group upped their price target on General Motors from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Finally, Redburn Atlantic initiated coverage on shares of General Motors in a report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 5,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $544,800.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Rory Harvey sold 5,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $544,800.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,248 shares of company stock valued at $3,614,078. Company insiders own 0.72% of the company’s stock.

General Motors Trading Up 0.4 %

General Motors stock traded up $0.18 during trading on Tuesday, hitting $45.24. The company’s stock had a trading volume of 6,483,928 shares, compared to its average volume of 16,981,746. The stock has a market capitalization of $51.62 billion, a price-to-earnings ratio of 5.59, a P/E/G ratio of 0.53 and a beta of 1.49. The stock’s fifty day moving average is $42.95 and its 200 day moving average is $37.00. General Motors has a 1-year low of $26.30 and a 1-year high of $46.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating the consensus estimate of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 earnings per share. As a group, equities research analysts predict that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given 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 is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

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.