Deseret Mutual Benefit Administrators Sells 945 Shares of General Motors (NYSE:GM)

Deseret Mutual Benefit Administrators lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 12.1% in the fourth quarter, HoldingsChannel reports. The fund owned 6,866 shares of the auto manufacturer’s stock after selling 945 shares during the period. Deseret Mutual Benefit Administrators’ holdings in General Motors were worth $366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Compass Planning Associates Inc purchased a new stake in shares of General Motors during the fourth quarter worth about $27,000. ING Groep NV lifted its stake in shares of General Motors by 18.0% in the 4th quarter. ING Groep NV now owns 520,442 shares of the auto manufacturer’s stock valued at $27,724,000 after purchasing an additional 79,328 shares during the period. Hussman Strategic Advisors Inc. boosted its holdings in shares of General Motors by 150.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the auto manufacturer’s stock valued at $2,797,000 after buying an additional 31,500 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in General Motors by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 202,054 shares of the auto manufacturer’s stock worth $10,763,000 after acquiring an additional 19,924 shares in the last quarter. Finally, Sunpointe LLC boosted its position in shares of General Motors by 20.7% in the 4th quarter. Sunpointe LLC now owns 5,591 shares of the auto manufacturer’s stock worth $298,000 after purchasing an additional 957 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 3.3 %

Shares of GM stock opened at $46.31 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. General Motors has a 12 month low of $38.94 and a 12 month high of $61.24. The stock has a market cap of $46.07 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a 50 day simple moving average of $50.68 and a two-hundred day simple moving average of $50.16.

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, 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%. On average, research analysts expect that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. General Motors’s payout ratio is currently 7.80%.

Insider Activity

In other news, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GM shares. StockNews.com downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Wells Fargo & Company raised their price target on shares of General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Mizuho upped their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, UBS Group upped their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.71.

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.