Wellington Shields & Co. LLC grew its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 42.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 107,550 shares of the auto manufacturer’s stock after purchasing an additional 32,250 shares during the period. General Motors comprises 2.4% of Wellington Shields & Co. LLC’s investment portfolio, making the stock its 6th largest position. Wellington Shields & Co. LLC’s holdings in General Motors were worth $4,408,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of GM. Assenagon Asset Management S.A. bought a new stake in shares of General Motors during the 3rd quarter worth $202,352,000. SG Americas Securities LLC boosted its stake in shares of General Motors by 4,992.3% during the 4th quarter. SG Americas Securities LLC now owns 2,962,746 shares of the auto manufacturer’s stock worth $121,443,000 after acquiring an additional 2,904,565 shares in the last quarter. APG Asset Management N.V. boosted its stake in shares of General Motors by 807.4% during the 4th quarter. APG Asset Management N.V. now owns 2,597,441 shares of the auto manufacturer’s stock worth $88,665,000 after acquiring an additional 2,311,204 shares in the last quarter. AXA boosted its stake in shares of General Motors by 295.3% during the 3rd quarter. AXA now owns 1,944,602 shares of the auto manufacturer’s stock worth $78,523,000 after acquiring an additional 1,452,633 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of General Motors by 43.5% during the 3rd quarter. Artemis Investment Management LLP now owns 4,595,697 shares of the auto manufacturer’s stock worth $185,596,000 after acquiring an additional 1,394,165 shares in the last quarter. Institutional investors own 72.49% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Vetr raised General Motors from a “sell” rating to a “hold” rating and set a $40.24 price objective for the company in a research note on Monday. Berenberg Bank set a $34.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Wednesday. Royal Bank of Canada set a $52.00 price objective on General Motors and gave the stock a “buy” rating in a research note on Tuesday. Bank of America raised their price objective on General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Goldman Sachs Group set a $33.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.36.

In related news, insider Mark L. Reuss sold 30,000 shares of General Motors stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the completion of the sale, the insider now owns 103,052 shares of the company’s stock, valued at $4,440,510.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction on Monday, December 4th. The shares were sold at an average price of $43.08, for a total value of $2,173,084.44. Following the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,459,480.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,847 shares of company stock valued at $7,363,108. Insiders own 0.04% of the company’s stock.

Shares of General Motors (GM) opened at $42.39 on Thursday. The company has a market capitalization of $58,714.09, a price-to-earnings ratio of -14.67, a PEG ratio of 0.73 and a beta of 1.59. The company has a quick ratio of 0.79, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. General Motors’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. research analysts expect that General Motors will post 6 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.59%. General Motors’s payout ratio is -52.59%.

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General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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