General Motors (NYSE:GM) Shares Sold by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,500 shares of the auto manufacturer’s stock after selling 1,000 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in General Motors were worth $506,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. grew its holdings in General Motors by 3.5% in the 4th quarter. QRG Capital Management Inc. now owns 260,407 shares of the auto manufacturer’s stock valued at $13,872,000 after buying an additional 8,780 shares in the last quarter. First Command Advisory Services Inc. grew its holdings in General Motors by 60.4% in the 4th quarter. First Command Advisory Services Inc. now owns 1,144 shares of the auto manufacturer’s stock valued at $61,000 after buying an additional 431 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in General Motors by 6,084.7% in the 4th quarter. Proficio Capital Partners LLC now owns 556,192 shares of the auto manufacturer’s stock valued at $29,628,000 after buying an additional 547,199 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in General Motors by 22.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 18,161 shares of the auto manufacturer’s stock valued at $967,000 after buying an additional 3,387 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in General Motors by 2.0% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 538,400 shares of the auto manufacturer’s stock valued at $28,681,000 after buying an additional 10,500 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

GM stock opened at $47.68 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market capitalization of $47.44 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.67 and a beta of 1.40. The business’s 50-day moving average is $50.40 and its two-hundred day moving average is $50.31. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding 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 generally a sign that the company’s board believes its shares are undervalued.

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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s dividend payout ratio is currently 7.80%.

Insider Buying and Selling at General Motors

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

Analysts Set New Price Targets

Several analysts have issued reports on GM shares. UBS Group restated a “buy” rating on shares of General Motors in a report on Monday, February 3rd. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a report on Wednesday, December 11th. Finally, Mizuho increased their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, General Motors currently has an average rating of “Hold” and an average target price of $59.71.

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.