Mountain Hill Investment Partners Corp. Invests $5.76 Million in General Motors (NYSE:GM)

Mountain Hill Investment Partners Corp. purchased a new stake in General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 108,111 shares of the auto manufacturer’s stock, valued at approximately $5,759,000. General Motors comprises 5.9% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 6th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake 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 buying an additional 1,510 shares during the period. SYM FINANCIAL Corp acquired a new stake in General Motors in the fourth quarter worth about $474,000. Asset Management One Co. Ltd. raised its holdings in General Motors by 9.3% during 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 position in General Motors during the 4th quarter valued at about $1,044,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of General Motors by 10.9% in the 4th quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock valued at $10,763,000 after purchasing an additional 19,924 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 0.7 %

NYSE:GM opened at $49.77 on Monday. The stock has a 50-day simple moving average of $49.02 and a 200 day simple moving average of $50.49. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The company has a market cap of $49.53 billion, a PE ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.42. 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 (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, beating 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, sell-side analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. General Motors’s dividend payout ratio is 7.80%.

General Motors declared that its board has authorized a stock repurchase program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GM shares. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Monday, February 3rd. TD Cowen began coverage on General Motors in a research note on Friday, March 7th. They set a “buy” rating and a $105.00 price objective for the company. The Goldman Sachs Group set a $73.00 target price on General Motors in a research note on Saturday, March 1st. Finally, Cowen started coverage on General Motors in a research report on Thursday, March 6th. They set a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.06.

Insider Activity

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 completion of the acquisition, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents 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.

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.