Skylands Capital LLC decreased its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 874,450 shares of the auto manufacturer’s stock after selling 54,250 shares during the period. General Motors makes up about 4.8% of Skylands Capital LLC’s portfolio, making the stock its 4th largest position. Skylands Capital LLC owned approximately 0.06% of General Motors worth $29,250,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in General Motors by 2,701.5% during 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 buying an additional 32,848,376 shares during the period. Capital Research Global Investors bought a new position in General Motors during the third quarter valued at about $480,782,000. Capital World Investors grew its position in General Motors by 15.4% during the third quarter. Capital World Investors now owns 83,910,382 shares of the auto manufacturer’s stock valued at $2,825,263,000 after buying an additional 11,218,495 shares during the period. Franklin Resources Inc. grew its position in General Motors by 38.9% during the third quarter. Franklin Resources Inc. now owns 27,084,102 shares of the auto manufacturer’s stock valued at $911,922,000 after buying an additional 7,578,850 shares during the period. Finally, Vanguard Group Inc grew its position in General Motors by 2.9% during 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 buying an additional 2,699,178 shares during the period. Hedge funds and other institutional investors own 77.74% of the company’s stock.
GM has been the subject of several research reports. Barclays set a $48.00 price target on shares of General Motors and gave the company a “buy” rating in a research report on Friday, January 4th. Deutsche Bank started coverage on shares of General Motors in a research report on Thursday, December 13th. They set a “buy” rating for the company. Citigroup increased their target price on shares of General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, November 16th. Finally, Seaport Global Securities started coverage on shares of General Motors in a research report on Wednesday, February 13th. They set a “buy” rating for the company. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. General Motors currently has an average rating of “Buy” and a consensus target price of $46.97.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Wednesday, February 6th. The auto manufacturer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. General Motors had a net margin of 5.45% and a return on equity of 23.99%. The company had revenue of $38.40 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same period last year, the business earned $1.65 earnings per share. General Motors’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts predict that General Motors will post 6.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. General Motors’s dividend payout ratio (DPR) is currently 23.24%.
In other news, insider Alan S. Batey sold 70,266 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $38.39, for a total value of $2,697,511.74. Following the completion of the transaction, the insider now directly owns 205,906 shares in the company, valued at $7,904,731.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by company insiders.
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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.
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