Caisse DE Depot ET Placement DU Quebec Increases Stock Holdings in General Motors (NYSE:GM)

Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 972.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,103,036 shares of the auto manufacturer’s stock after buying an additional 1,906,964 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of General Motors worth $94,300,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. LRI Investments LLC purchased a new position in General Motors during the 1st quarter worth approximately $34,000. Cetera Investment Advisers grew its position in shares of General Motors by 98.5% during the first quarter. Cetera Investment Advisers now owns 330,611 shares of the auto manufacturer’s stock worth $14,993,000 after acquiring an additional 164,083 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of General Motors by 13.2% during the first quarter. EverSource Wealth Advisors LLC now owns 6,460 shares of the auto manufacturer’s stock worth $288,000 after acquiring an additional 752 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of General Motors by 46.0% in the 2nd quarter. GAMMA Investing LLC now owns 14,172 shares of the auto manufacturer’s stock valued at $658,000 after acquiring an additional 4,467 shares during the period. Finally, First Hawaiian Bank raised its position in General Motors by 27.6% in the 2nd quarter. First Hawaiian Bank now owns 37,306 shares of the auto manufacturer’s stock valued at $1,733,000 after purchasing an additional 8,061 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 0.2 %

Shares of General Motors stock opened at $55.59 on Friday. The firm has a market cap of $61.13 billion, a PE ratio of 5.93, a P/E/G ratio of 0.42 and a beta of 1.40. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a fifty-two week low of $31.52 and a fifty-two week high of $61.24. The business’s fifty day moving average is $51.56 and its two-hundred day moving average is $48.08.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.86%. General Motors’s payout ratio is 5.12%.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,030,475 shares of company stock valued at $56,509,286. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GM. Wells Fargo & Company increased their target price on shares of General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Barclays lifted their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Nomura Securities upgraded General Motors to a “strong sell” rating in a research note on Monday, August 5th. UBS Group boosted their price objective on shares of General Motors from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Nomura cut shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 target price for the company. in a research note on Monday, August 5th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, General Motors currently has a consensus rating of “Hold” and an average target price of $56.92.

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.