Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Position in General Motors (NYSE:GM)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,689 shares of the auto manufacturer’s stock after selling 13,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in General Motors were worth $9,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Howard Capital Management Inc. grew its holdings in shares of General Motors by 0.4% during the fourth quarter. Howard Capital Management Inc. now owns 106,752 shares of the auto manufacturer’s stock worth $5,687,000 after buying an additional 446 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of General Motors in the fourth quarter worth approximately $245,000. TCW Group Inc. boosted its position in shares of General Motors by 1.7% in the fourth quarter. TCW Group Inc. now owns 1,427,352 shares of the auto manufacturer’s stock worth $76,035,000 after acquiring an additional 23,979 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of General Motors in the fourth quarter worth approximately $283,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of General Motors in the fourth quarter worth approximately $27,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Trading Down 3.3 %

NYSE GM opened at $46.31 on Monday. The company’s fifty day simple moving average is $50.68 and its 200-day simple moving average is $50.29. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock 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.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results 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%. Equities research analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Insider Buying and Selling

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company’s 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 completion of the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley raised shares of 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 report on Tuesday, December 10th. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus 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.