General Motors (NYSE:GM) Shares Acquired by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC raised its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,308 shares of the auto manufacturer’s stock after buying 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 SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GM. Golden State Wealth Management LLC bought a new position in shares of General Motors in the fourth quarter valued at $25,000. Crews Bank & Trust bought a new position in shares of General Motors in the fourth quarter valued at $26,000. Truvestments Capital LLC bought a new position in shares of General Motors in the third quarter valued at $27,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the fourth quarter valued at $27,000. Finally, Duncker Streett & Co. Inc. increased its holdings in shares of General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 498 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 1.4 %

NYSE GM opened at $48.10 on Tuesday. General Motors has a 1-year low of $38.94 and a 1-year high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $47.85 billion, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The firm’s fifty day simple moving average is $49.59 and its 200-day simple moving average is $50.51.

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 net margin of 3.21% and a return on equity of 15.29%. As a group, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has initiated a share buyback plan on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

General Motors Dividend Announcement

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

Insider Buying and Selling

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 stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GM shares. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a report on Monday, February 3rd. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and upped their price target for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. Cowen initiated coverage on shares of General Motors in a research note on Thursday. They set a “buy” rating on the stock. Finally, HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, General Motors presently has an average rating of “Hold” and a consensus price target of $62.89.

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.