DGS Capital Management LLC Boosts Stake in General Motors (NYSE:GM)

DGS Capital Management LLC raised its position in General Motors (NYSE:GM) (TSE:GMM.U) by 17.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 46,542 shares of the auto manufacturer’s stock after acquiring an additional 7,076 shares during the quarter. General Motors makes up about 0.6% of DGS Capital Management LLC’s holdings, making the stock its 27th largest holding. DGS Capital Management LLC’s holdings in General Motors were worth $2,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GM. Caisse DE Depot ET Placement DU Quebec increased its position in shares of General Motors by 972.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,103,036 shares of the auto manufacturer’s stock worth $94,300,000 after acquiring an additional 1,906,964 shares during the last quarter. Jennison Associates LLC grew its position in General Motors by 123.1% in the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer’s stock worth $144,655,000 after buying an additional 1,779,897 shares during the last quarter. Artemis Investment Management LLP boosted its position in shares of General Motors by 581.4% in the third quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock worth $71,827,000 after buying an additional 1,366,768 shares during the period. National Bank of Canada FI grew its holdings in shares of General Motors by 158.8% during the 3rd quarter. National Bank of Canada FI now owns 2,171,587 shares of the auto manufacturer’s stock valued at $97,374,000 after acquiring an additional 1,332,450 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of General Motors by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock worth $600,291,000 after buying an additional 1,091,137 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GM has been the subject of several research reports. DZ Bank cut shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Wedbush lifted their price objective on General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Wolfe Research initiated coverage on shares of General Motors in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.85.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,030,475 shares of company stock valued at $56,509,286 in the last ninety days. Insiders own 0.72% of the company’s stock.

General Motors Price Performance

Shares of NYSE:GM traded up $0.10 during midday trading on Friday, reaching $52.40. 1,251,119 shares of the company’s stock traded hands, compared to its average volume of 14,691,981. The company has a fifty day simple moving average of $52.86 and a two-hundred day simple moving average of $48.58. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24. The company has a market cap of $57.62 billion, a P/E ratio of 5.58, a PEG ratio of 0.39 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. During the same period in the prior year, the business earned $2.28 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Equities analysts predict that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s dividend payout ratio (DPR) is presently 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.