MMCAP International Inc. SPC Boosts Position in General Motors (NYSE:GM)

MMCAP International Inc. SPC boosted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,000 shares of the auto manufacturer’s stock after purchasing an additional 5,000 shares during the quarter. MMCAP International Inc. SPC’s holdings in General Motors were worth $4,794,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of General Motors by 4,826.5% in the third quarter. International Assets Investment Management LLC now owns 549,261 shares of the auto manufacturer’s stock valued at $24,629,000 after acquiring an additional 538,112 shares in the last quarter. Allworth Financial LP increased its stake in General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock worth $412,000 after acquiring an additional 205 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of General Motors by 59.8% in the third quarter. Arkadios Wealth Advisors now owns 15,066 shares of the auto manufacturer’s stock worth $676,000 after buying an additional 5,640 shares during the period. GHP Investment Advisors Inc. boosted its position in shares of General Motors by 35.6% in the third quarter. GHP Investment Advisors Inc. now owns 1,827 shares of the auto manufacturer’s stock worth $82,000 after buying an additional 480 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of General Motors by 0.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 478,958 shares of the auto manufacturer’s stock worth $21,536,000 after buying an additional 1,425 shares during the period. 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, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GM shares. Mizuho increased their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. UBS Group reiterated a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.71.

General Motors Stock Performance

Shares of General Motors stock opened at $46.73 on Wednesday. The firm has a fifty day moving average of $50.48 and a two-hundred day moving average of $50.34. The stock has a market capitalization of $46.49 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.67 and a beta of 1.40. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate 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, equities research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 7.80%.

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.