Hudson Capital Management LLC Has $4.61 Million Position in General Motors (NYSE:GM)

Hudson Capital Management LLC grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,691 shares of the auto manufacturer’s stock after acquiring an additional 237 shares during the quarter. Hudson Capital Management LLC’s holdings in General Motors were worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of GM. Capital World Investors boosted its holdings in General Motors by 14.6% during the 1st quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock worth $2,211,609,000 after acquiring an additional 6,201,777 shares during the last quarter. Swedbank AB purchased a new position in General Motors during the 1st quarter worth $159,750,000. Artemis Investment Management LLP raised its stake in shares of General Motors by 581.4% during the 3rd quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock worth $71,827,000 after purchasing an additional 1,366,768 shares during the period. Retirement Systems of Alabama raised its stake in shares of General Motors by 366.6% during the 1st quarter. Retirement Systems of Alabama now owns 1,408,345 shares of the auto manufacturer’s stock worth $63,868,000 after purchasing an additional 1,106,526 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of General Motors by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock worth $600,291,000 after purchasing an additional 1,091,137 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GM shares. Sanford C. Bernstein cut General Motors from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a research note on Monday, September 23rd. Wolfe Research started coverage on General Motors in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Nomura cut General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price on the stock. in a research note on Monday, August 5th. Wells Fargo & Company lowered their target price on General Motors from $34.00 to $33.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $53.00 target price on shares of General Motors in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a sell rating, seven 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, the stock has an average rating of “Hold” and an average price target of $55.16.

Insider Transactions at General Motors

In other General Motors news, CFO Paul A. Jacobson acquired 25,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the acquisition, the chief financial officer now owns 261,872 shares of the company’s stock, valued at $11,551,173.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other General Motors news, EVP Rory Harvey sold 12,795 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $417,307.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul A. Jacobson bought 25,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $44.11 per share, with a total value of $1,102,750.00. Following the purchase, the chief financial officer now owns 261,872 shares of the company’s stock, valued at $11,551,173.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

General Motors Trading Down 0.5 %

Shares of GM opened at $47.69 on Friday. The business’s 50-day moving average price is $46.14 and its 200-day moving average price is $45.76. General Motors has a twelve month low of $26.30 and a twelve month high of $50.50. The stock has a market cap of $53.60 billion, a PE ratio of 5.36, a P/E/G ratio of 0.56 and a beta of 1.42. The company has a quick ratio of 0.99, a current ratio of 1.18 and a debt-to-equity ratio of 1.23.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $47.97 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, September 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, September 6th. General Motors’s payout ratio is 5.39%.

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.