General Motors (NYSE:GM) Stock Position Cut by Forsta AP Fonden

Forsta AP Fonden trimmed its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 2.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 226,500 shares of the auto manufacturer’s stock after selling 6,600 shares during the period. Forsta AP Fonden’s holdings in General Motors were worth $12,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new stake in shares of General Motors in the second quarter worth approximately $25,000. Sugar Maple Asset Management LLC acquired a new position in General Motors in the fourth quarter worth approximately $31,000. Catalyst Capital Advisors LLC acquired a new position in General Motors during the third quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new position in General Motors during the third quarter valued at approximately $27,000. Finally, Eastern Bank acquired a new position in General Motors during the third quarter valued at approximately $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Down 0.4 %

NYSE GM opened at $49.85 on Thursday. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.38 and a beta of 1.42. The stock’s 50 day moving average price is $53.04 and its two-hundred day moving average price is $49.95. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a 52 week low of $37.40 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. As a group, analysts anticipate that General Motors will post 10.34 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is 5.12%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GM shares. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a research report on Tuesday. Mizuho lifted their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and raised their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price objective on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.28.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock valued at $28,977,691 in the last 90 days. 0.72% of the stock is currently owned by 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.