6,670 Shares in General Motors (NYSE:GM) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,670 shares of the auto manufacturer’s stock, valued at approximately $355,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock valued at $488,000 after purchasing an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in General Motors during the 4th quarter worth $474,000. Asset Management One Co. Ltd. increased its position in shares of General Motors by 9.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock worth $25,178,000 after purchasing an additional 39,474 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in shares of General Motors in the 4th quarter valued at about $1,044,000. Finally, Handelsbanken Fonder AB lifted its position in shares of General Motors by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock worth $10,763,000 after purchasing an additional 19,924 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction 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 represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GM has been the topic of a number of research analyst reports. HSBC downgraded General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Hsbc Global Res downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, UBS Group restated a “buy” 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 twelve have given a buy rating to the company. According to MarketBeat.com, General Motors currently has an average rating of “Hold” and an average price target of $62.11.

General Motors Trading Down 7.3 %

NYSE GM opened at $47.24 on Friday. The firm’s fifty day simple moving average is $48.97 and its 200-day simple moving average is $50.53. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The company has a market capitalization of $47.00 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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%. As a group, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has authorized a stock 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, March 7th. General Motors’s dividend payout ratio is 7.80%.

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.