Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 111,951 Shares of General Motors Company (GM)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 57.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,046 shares of the auto manufacturer’s stock after purchasing an additional 111,951 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in General Motors were worth $12,358,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GM. YorkBridge Wealth Partners LLC lifted its holdings in General Motors by 43.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after acquiring an additional 860 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC bought a new position in General Motors during the first quarter worth about $106,000. FNY Managed Accounts LLC bought a new position in General Motors during the first quarter worth about $107,000. State of Alaska Department of Revenue lifted its holdings in General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 310 shares in the last quarter. Finally, Ffcm LLC lifted its holdings in General Motors by 2,008.1% during the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 3,213 shares in the last quarter. Institutional investors and hedge funds own 74.65% of the company’s stock.

In related news, CAO Thomas S. Timko sold 44,791 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.46, for a total value of $1,991,407.86. Following the transaction, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alan S. Batey sold 8,144 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $35.57, for a total transaction of $289,682.08. Following the completion of the transaction, the insider now directly owns 66,748 shares in the company, valued at approximately $2,374,226.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 979,266 shares of company stock worth $40,917,634. 0.04% of the stock is owned by insiders.

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Several research analysts have weighed in on GM shares. BidaskClub upgraded General Motors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. ValuEngine upgraded General Motors from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $37.00 target price on shares of General Motors in a report on Friday, July 14th. Finally, Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.32.

General Motors Company (NYSE GM) traded down $0.30 during mid-day trading on Monday, hitting $42.04. 3,210,628 shares of the stock were exchanged, compared to its average volume of 13,973,853. The company has a market cap of $60,140.08, a PE ratio of 6.84, a PEG ratio of 0.73 and a beta of 1.56. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors Company has a one year low of $30.21 and a one year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business’s revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.72 EPS. research analysts forecast that General Motors Company will post 6.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 8th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.62%. General Motors’s dividend payout ratio (DPR) is presently 77.95%.

General Motors 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.

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

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