General Motors (NYSE:GM) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC trimmed its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 29,995 shares of the auto manufacturer’s stock after selling 753 shares during the period. DGS Capital Management LLC’s holdings in General Motors were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SouthState Corp lifted its stake in General Motors by 173.8% in the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 485 shares in the last quarter. Penserra Capital Management LLC raised its holdings in General Motors by 85.8% in the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 283 shares during the last quarter. Highlander Capital Management LLC acquired a new stake in shares of General Motors during the 4th quarter worth $27,000. BluePath Capital Management LLC acquired a new stake in shares of General Motors during the 3rd quarter worth $33,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of General Motors during the 4th quarter worth $36,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares in the company, valued at $3,348,562.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,248 shares of company stock valued at $3,614,078. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price objective on General Motors from $27.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a report on Thursday, January 4th. Barclays upped their price objective on General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Finally, Wedbush increased their price target on General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.57.

General Motors Stock Down 0.3 %

NYSE:GM traded down $0.14 on Tuesday, reaching $42.55. The stock had a trading volume of 4,088,255 shares, compared to its average volume of 17,439,232. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $41.33 and a 200 day moving average of $35.57. The stock has a market cap of $49.12 billion, a P/E ratio of 5.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51. General Motors has a 12-month low of $26.30 and a 12-month high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.16 by $0.08. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business had revenue of $42.98 billion for the quarter, compared to analysts’ expectations of $38.81 billion. During the same quarter last year, the company posted $2.12 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, research analysts predict that General Motors will post 9.08 earnings per share for the current year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were given a dividend of $0.12 per share. This is a boost from General Motors’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, February 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.13%. General Motors’s dividend payout ratio (DPR) is presently 6.57%.

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.