Grantham Mayo Van Otterloo & Co. LLC Has $53.93 Million Stock Holdings in General Motors (NYSE:GM)

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 9.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,012,372 shares of the auto manufacturer’s stock after selling 102,824 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in General Motors were worth $53,929,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of General Motors during the 4th quarter worth about $592,321,000. Amundi increased its stake in General Motors by 75.5% during the fourth quarter. Amundi now owns 4,914,256 shares of the auto manufacturer’s stock valued at $250,627,000 after acquiring an additional 2,113,973 shares during the period. ACR Alpine Capital Research LLC raised its holdings in General Motors by 39.8% in the 4th quarter. ACR Alpine Capital Research LLC now owns 7,397,404 shares of the auto manufacturer’s stock valued at $394,060,000 after acquiring an additional 2,104,528 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of General Motors in the 4th quarter worth approximately $108,366,000. Finally, National Bank of Canada FI grew its holdings in shares of General Motors by 158.8% during the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer’s stock worth $97,374,000 after purchasing an additional 1,332,450 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GM. TD Cowen assumed coverage on General Motors in a research note on Friday, March 7th. They issued a “buy” rating and a $105.00 target price for the company. JPMorgan Chase & Co. reduced their price objective on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Cowen assumed coverage on shares of General Motors in a research note on Thursday, March 6th. They set a “buy” rating for the company. Finally, Wells Fargo & Company reiterated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.11.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated 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 purchase, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.72% of the company’s stock.

General Motors Trading Down 3.7 %

GM opened at $44.22 on Friday. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a market capitalization of $44.00 billion, a PE ratio of 7.19, a PEG ratio of 0.67 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $48.22 and a two-hundred day moving average price of $50.55.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, equities analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Friday, March 7th. General Motors’s dividend payout ratio is 7.80%.

General Motors announced that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.