General Motors (NYSE:GM) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,338 shares of the auto manufacturer’s stock after acquiring an additional 677 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Motors were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares in the last quarter. State Street Corp raised its holdings in shares of General Motors by 0.7% in the 1st quarter. State Street Corp now owns 56,981,032 shares of the auto manufacturer’s stock worth $2,090,060,000 after purchasing an additional 383,957 shares in the last quarter. Morgan Stanley raised its holdings in shares of General Motors by 1.3% in the 3rd quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock worth $501,562,000 after purchasing an additional 201,080 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of General Motors by 80.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,687,738 shares of the auto manufacturer’s stock worth $538,747,000 after purchasing an additional 6,548,022 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of General Motors in the 4th quarter worth approximately $493,248,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GM shares. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. The Goldman Sachs Group boosted their price target on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Redburn Atlantic began coverage on shares of General Motors in a report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of General Motors from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler began coverage on shares of General Motors in a research note on Friday, March 15th. They issued a “neutral” rating and a $44.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $51.57.

General Motors Price Performance

Shares of GM stock traded down $0.20 during mid-day trading on Wednesday, reaching $42.46. The company’s stock had a trading volume of 10,592,374 shares, compared to its average volume of 17,462,830. The company has a market cap of $49.02 billion, a P/E ratio of 5.83, a PEG ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. The firm’s 50-day moving average is $41.42 and its two-hundred day moving average is $35.64. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $42.98 billion during the quarter, compared to analysts’ expectations of $38.81 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. This is a positive change from General Motors’s previous quarterly dividend of $0.09. General Motors’s dividend payout ratio is currently 6.57%.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at approximately $540,315. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock valued at $3,614,078 in the last 90 days. 0.54% of the stock is currently owned by insiders.

General Motors Company 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.