Cerebellum GP LLC grew its position in General Motors (NYSE:GM) (TSE:GMM.U) by 26.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,422 shares of the auto manufacturer’s stock after purchasing an additional 3,268 shares during the quarter. Cerebellum GP LLC’s holdings in General Motors were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in General Motors by 0.7% in the second quarter. Vanguard Group Inc. now owns 102,571,908 shares of the auto manufacturer’s stock worth $3,952,096,000 after purchasing an additional 717,703 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in General Motors by 3.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,048,400 shares of the auto manufacturer’s stock worth $226,694,000 after purchasing an additional 196,460 shares during the last quarter. Prudential PLC grew its holdings in General Motors by 8.9% in the second quarter. Prudential PLC now owns 5,597,770 shares of the auto manufacturer’s stock worth $215,781,000 after purchasing an additional 456,795 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in General Motors by 5.1% in the third quarter. Parametric Portfolio Associates LLC now owns 5,550,287 shares of the auto manufacturer’s stock worth $208,025,000 after purchasing an additional 269,846 shares during the last quarter. Finally, Artemis Investment Management LLP grew its holdings in General Motors by 25.1% in the third quarter. Artemis Investment Management LLP now owns 4,626,548 shares of the auto manufacturer’s stock worth $172,964,000 after purchasing an additional 927,424 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have issued reports on GM shares. Barclays cut their price target on shares of General Motors from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Buckingham Research lowered their price objective on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Benchmark initiated coverage on shares of General Motors in a research note on Thursday, January 9th. They set a “buy” rating and a $49.00 price objective for the company. UBS Group lifted their price objective on shares of General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, ValuEngine upgraded shares of General Motors from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.42.

NYSE:GM opened at $35.15 on Thursday. General Motors has a 12 month low of $33.08 and a 12 month high of $41.90. The firm has a fifty day simple moving average of $35.98 and a 200-day simple moving average of $37.26. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $50.22 billion, a P/E ratio of 5.37, a PEG ratio of 0.52 and a beta of 1.37.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 29th. The auto manufacturer reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.54. General Motors had a net margin of 6.19% and a return on equity of 19.78%. The business had revenue of $35.50 billion during the quarter, compared to the consensus estimate of $35.21 billion. During the same period in the previous year, the firm posted $1.87 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that General Motors will post 4.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, December 5th. This represents a $1.52 annualized dividend and a dividend yield of 4.32%. General Motors’s payout ratio is currently 23.24%.

General Motors Company 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.

Read More: Debt-To-Equity Ratio

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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