BDF Gestion Lowers Stock Holdings in General Motors (NYSE:GM)

BDF Gestion reduced its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,980 shares of the auto manufacturer’s stock after selling 7,140 shares during the quarter. BDF Gestion’s holdings in General Motors were worth $2,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Chicago Partners Investment Group LLC boosted its stake in shares of General Motors by 15.9% in the third quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer’s stock valued at $510,000 after buying an additional 1,559 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in General Motors by 12.1% during the third quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer’s stock worth $73,070,000 after purchasing an additional 175,860 shares during the last quarter. Foster & Motley Inc. raised its holdings in General Motors by 121.5% during the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer’s stock worth $2,115,000 after purchasing an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC raised its holdings in General Motors by 115.1% during the third quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer’s stock worth $8,001,000 after purchasing an additional 95,484 shares during the last quarter. Finally, Olstein Capital Management L.P. raised its holdings in General Motors by 14.9% during the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer’s stock worth $7,264,000 after purchasing an additional 21,000 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GM shares. Wells Fargo & Company boosted their price target on General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday. StockNews.com upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Wedbush boosted their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.28.

General Motors Stock Performance

Shares of GM stock opened at $49.85 on Thursday. General Motors has a 12-month low of $37.40 and a 12-month high of $61.24. The firm has a market capitalization of $54.82 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The business has a 50 day simple moving average of $53.04 and a 200 day simple moving average of $49.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. On average, equities research analysts anticipate that General Motors will post 10.34 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is currently 5.12%.

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.