D.A. Davidson & CO. Trims Stock Position in General Motors (NYSE:GM)

D.A. Davidson & CO. decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 59.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,968 shares of the auto manufacturer’s stock after selling 28,097 shares during the period. D.A. Davidson & CO.’s holdings in General Motors were worth $1,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust purchased a new position in General Motors during the fourth quarter worth about $26,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors during the third quarter valued at about $27,000. Truvestments Capital LLC purchased a new stake in shares of General Motors in the 3rd quarter valued at approximately $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of General Motors in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of several research reports. Mizuho lifted their target price on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.71.

Insiders Place Their Bets

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

General Motors Stock Performance

Shares of GM stock opened at $46.31 on Monday. The company has a market cap of $46.07 billion, a P/E ratio of 7.53, a PEG ratio of 0.67 and a beta of 1.40. The firm has a fifty day moving average price of $50.68 and a 200 day moving average price of $50.29. 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 12 month low of $38.94 and a 12 month high of $61.24.

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

General Motors Dividend Announcement

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 paid a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.04%. General Motors’s dividend payout ratio is currently 7.80%.

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.