Deseret Mutual Benefit Administrators Sells 945 Shares of General Motors (NYSE:GM)

Deseret Mutual Benefit Administrators lowered its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,866 shares of the auto manufacturer’s stock after selling 945 shares during the period. Deseret Mutual Benefit Administrators’ holdings in General Motors were worth $366,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc acquired a new position in General Motors in the 4th quarter valued at about $27,000. ING Groep NV lifted its position in shares of General Motors by 18.0% during the 4th quarter. ING Groep NV now owns 520,442 shares of the auto manufacturer’s stock valued at $27,724,000 after acquiring an additional 79,328 shares during the period. Hussman Strategic Advisors Inc. lifted its position in General Motors by 150.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the auto manufacturer’s stock worth $2,797,000 after purchasing an additional 31,500 shares during the period. Handelsbanken Fonder AB boosted its position in shares of General Motors by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock worth $10,763,000 after acquiring an additional 19,924 shares in the last quarter. Finally, Sunpointe LLC boosted its holdings in shares of General Motors by 20.7% in the 4th quarter. Sunpointe LLC now owns 5,591 shares of the auto manufacturer’s stock valued at $298,000 after purchasing an additional 957 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In related news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GM shares. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Mizuho upped their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $59.71.

General Motors Trading Down 3.3 %

NYSE:GM opened at $46.31 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The firm has a market cap of $46.07 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The firm has a 50-day moving average price of $50.68 and a two-hundred day moving average price of $50.16. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, March 7th. 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.