DGS Capital Management LLC Lowers Position in General Motors (NYSE:GM)

DGS Capital Management LLC trimmed its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. 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 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GM. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. Redburn Atlantic assumed coverage on General Motors in a research note on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 price target for the company. Barclays upped their price objective on General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Morgan Stanley increased their target price on General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group increased their target price on General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

Insider Activity

In related news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other General Motors news, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Down 0.3 %

NYSE GM traded down $0.14 on Tuesday, reaching $42.55. 4,088,255 shares of the stock traded hands, compared to its average volume of 17,439,232. 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 company has a fifty day moving average price of $41.33 and a 200-day moving average price of $35.57. The company has a market cap of $49.12 billion, a price-to-earnings ratio of 5.84, a PEG 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 earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The business had revenue of $42.98 billion during the quarter, compared to analyst estimates of $38.81 billion. During the same period in the previous year, the company posted $2.12 EPS. General Motors’s revenue was down .3% on a year-over-year basis. As a group, research analysts forecast that General Motors will post 9.08 EPS for the current fiscal 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 issued a $0.12 dividend. The ex-dividend date was Thursday, February 29th. This is an increase from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.13%. General Motors’s dividend payout ratio (DPR) is currently 6.57%.

About General Motors

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.