Dorsey & Whitney Trust CO LLC Has $389,000 Position in General Motors (NYSE:GM)

Dorsey & Whitney Trust CO LLC grew its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 27.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,308 shares of the auto manufacturer’s stock after purchasing an additional 1,568 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in General Motors were worth $389,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GM. Blue Trust Inc. raised its position in General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 1,510 shares in the last quarter. SYM FINANCIAL Corp acquired a new position in General Motors in the fourth quarter worth about $474,000. Versor Investments LP acquired a new position in General Motors in the third quarter worth about $1,551,000. Asset Management One Co. Ltd. raised its position in General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer’s stock worth $25,178,000 after purchasing an additional 39,474 shares in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new position in General Motors in the fourth quarter worth about $1,044,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 1.4 %

Shares of NYSE GM opened at $48.10 on Tuesday. The company’s fifty day moving average is $49.59 and its 200-day moving average is $50.51. The stock has a market cap of $47.85 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.67 and a beta of 1.42. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

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, topping 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%. Equities research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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 issued a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. General Motors’s payout ratio is 7.80%.

Insider Buying and Selling

In other General Motors news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This 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 can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on GM. Mizuho raised their price objective on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Cowen began coverage on shares of General Motors in a report on Thursday. They set a “buy” rating for the company. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.89.

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.