Rothschild Investment Corp IL trimmed its position in General Motors (NYSE:GM) (TSE:GMM.U) by 1.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,667 shares of the auto manufacturer’s stock after selling 504 shares during the period. Rothschild Investment Corp IL’s holdings in General Motors were worth $1,026,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of GM. Oregon Public Employees Retirement Fund boosted its stake in General Motors by 2,701.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer’s stock valued at $1,018,000 after acquiring an additional 32,848,376 shares during the period. Norges Bank acquired a new position in General Motors in the fourth quarter valued at approximately $340,570,000. Diamond Hill Capital Management Inc. acquired a new position in General Motors in the fourth quarter valued at approximately $144,112,000. Vanguard Group Inc boosted its stake in General Motors by 2.9% in the third quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after acquiring an additional 2,699,178 shares during the period. Finally, Vanguard Group Inc. boosted its stake in General Motors by 2.9% in the third quarter. Vanguard Group Inc. now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after acquiring an additional 2,699,178 shares during the period. Institutional investors and hedge funds own 77.16% of the company’s stock.
General Motors stock opened at $37.89 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.81 and a current ratio of 0.94. General Motors has a 12 month low of $30.56 and a 12 month high of $45.00. The firm has a market cap of $53.30 billion, a PE ratio of 5.79, a P/E/G ratio of 0.64 and a beta of 1.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, June 6th. General Motors’s dividend payout ratio is presently 23.24%.
A number of equities analysts have commented on the company. Zacks Investment Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Goldman Sachs Group restated a “neutral” rating and issued a $36.00 target price on shares of General Motors in a research note on Tuesday, March 26th. Nomura set a $42.00 target price on General Motors and gave the company a “hold” rating in a research note on Thursday, May 2nd. BMO Capital Markets lifted their price target on General Motors from $41.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 14th. Finally, Barclays reissued a “buy” rating and set a $49.00 target price on shares of General Motors in a report on Monday, January 14th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $47.60.
In other General Motors news, Director Wesley G. Bush bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $38.58 per share, with a total value of $385,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Hatto sold 8,499 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $40.00, for a total transaction of $339,960.00. Following the completion of the sale, the vice president now directly owns 10,040 shares in the company, valued at approximately $401,600. The disclosure for this sale can be found here. Insiders sold 113,521 shares of company stock valued at $4,337,346 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.
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General Motors Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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