General Motors (NYSE:GM) Shares Sold by NCP Inc.

NCP Inc. decreased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,914 shares of the auto manufacturer’s stock after selling 406 shares during the quarter. NCP Inc.’s holdings in General Motors were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors in the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new position in General Motors during the 4th quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in General Motors in the third quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in shares of General Motors in the third quarter valued at about $27,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of General Motors during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.3 %

General Motors stock opened at $46.73 on Wednesday. The firm has a market capitalization of $46.49 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. General Motors has a fifty-two week low of $38.94 and a fifty-two week high of $61.24. The stock’s fifty day moving average is $50.48 and its two-hundred day moving average is $50.34.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. General Motors’s dividend payout ratio is currently 7.80%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GM shares. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $46.00 to $54.00 in a report on Tuesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Finally, StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Motors currently has an average rating of “Hold” and an average price target of $59.71.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by corporate 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.