Thrivent Financial For Lutherans trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,504 shares of the auto manufacturer’s stock after selling 1,562 shares during the period. Thrivent Financial For Lutherans’ holdings in General Motors were worth $4,776,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in General Motors by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after buying an additional 331,621 shares during the period. Bank of New York Mellon Corp lifted its holdings in General Motors by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 11,020,001 shares of the auto manufacturer’s stock valued at $451,709,000 after buying an additional 110,658 shares during the period. Janus Henderson Group PLC lifted its holdings in General Motors by 5.5% in the third quarter. Janus Henderson Group PLC now owns 10,815,151 shares of the auto manufacturer’s stock valued at $436,729,000 after buying an additional 567,980 shares during the period. Legal & General Group Plc lifted its holdings in General Motors by 0.7% in the third quarter. Legal & General Group Plc now owns 7,828,786 shares of the auto manufacturer’s stock valued at $316,139,000 after buying an additional 56,115 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in General Motors by 154.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,923,200 shares of the auto manufacturer’s stock valued at $242,792,000 after buying an additional 3,594,700 shares during the period. Institutional investors own 73.61% of the company’s stock.
In related news, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the completion of the transaction, the insider now owns 57,091 shares in the company, valued at $2,569,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas S. Timko sold 8,461 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $42.06, for a total transaction of $355,869.66. Following the transaction, the chief accounting officer now owns 33,519 shares of the company’s stock, valued at approximately $1,409,809.14. The disclosure for this sale can be found here. Insiders have sold 40,289,848 shares of company stock valued at $1,600,694,061 in the last three months. 0.04% of the stock is owned by insiders.
Several equities research analysts have commented on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $43.00 target price on shares of General Motors in a research note on Tuesday, November 28th. Zacks Investment Research raised shares of General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Bank of America reaffirmed a “buy” rating and issued a $57.00 target price on shares of General Motors in a research note on Tuesday, November 28th. Guggenheim raised shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, November 20th. Finally, Barclays reaffirmed a “buy” rating and issued a $61.00 target price on shares of General Motors in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. General Motors currently has an average rating of “Buy” and a consensus price target of $44.79.
Shares of General Motors (NYSE GM) opened at $37.94 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The stock has a market cap of $53,105.18, a price-to-earnings ratio of -13.13, a PEG ratio of 0.72 and a beta of 1.60.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The company had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $34.28 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. research analysts expect that General Motors will post 6.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio is -52.59%.
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General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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