D.A. Davidson & CO. Lowers Holdings in General Motors (NYSE:GM)

D.A. Davidson & CO. decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 59.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,968 shares of the auto manufacturer’s stock after selling 28,097 shares during the quarter. D.A. Davidson & CO.’s holdings in General Motors were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GM. Trust Point Inc. lifted its holdings in General Motors by 2.7% during the fourth quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer’s stock worth $386,000 after buying an additional 193 shares during the period. Allworth Financial LP raised its position in shares of General Motors by 2.3% in the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock worth $412,000 after acquiring an additional 205 shares in the last quarter. Avestar Capital LLC lifted its stake in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock worth $430,000 after purchasing an additional 213 shares during the last quarter. Continuum Advisory LLC boosted its position in General Motors by 7.9% during the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 213 shares in the last quarter. Finally, Holistic Planning LLC grew its stake in General Motors by 3.9% in the fourth quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer’s stock valued at $307,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on GM shares. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and raised their price objective for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company restated 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 given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, General Motors has a consensus rating of “Hold” and an average target price of $59.71.

General Motors Price Performance

NYSE:GM opened at $46.31 on Monday. The firm’s fifty day moving average is $50.68 and its two-hundred day moving average is $50.29. The firm has a market cap of $46.07 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a one year low of $38.94 and a one year high of $61.24.

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

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

About General Motors

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.