General Motors (NYSE:GM) Position Lessened by Blueshift Asset Management LLC

Blueshift Asset Management LLC decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 56.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,970 shares of the auto manufacturer’s stock after selling 31,980 shares during the period. Blueshift Asset Management LLC’s holdings in General Motors were worth $1,330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in General Motors in the fourth quarter worth approximately $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors in the 4th quarter valued at $26,000. Truvestments Capital LLC bought a new stake in General Motors in the third quarter worth $27,000. Compass Planning Associates Inc acquired a new position in General Motors during the fourth quarter worth $27,000. Finally, Duncker Streett & Co. Inc. raised its holdings in General Motors by 9,960.0% during the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GM. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Wednesday, December 11th. Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. UBS Group restated a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.89.

General Motors Price Performance

Shares of GM stock opened at $49.84 on Thursday. The stock’s fifty day simple moving average is $49.05 and its 200 day simple moving average is $50.47. General Motors has a one year low of $38.96 and a one year high of $61.24. The firm has a market cap of $49.59 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is currently 7.80%.

General Motors declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

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.