Kistler Tiffany Companies LLC reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 27.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,760 shares of the auto manufacturer’s stock after selling 2,994 shares during the period. Kistler Tiffany Companies LLC’s holdings in General Motors were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Profund Advisors LLC boosted its position in shares of General Motors by 19.7% in the 2nd quarter. Profund Advisors LLC now owns 25,204 shares of the auto manufacturer’s stock valued at $971,000 after purchasing an additional 4,148 shares during the period. Little House Capital LLC boosted its position in shares of General Motors by 66,462.4% in the 2nd quarter. Little House Capital LLC now owns 326,156 shares of the auto manufacturer’s stock valued at $12,567,000 after purchasing an additional 325,666 shares during the period. Wesbanco Bank Inc. boosted its position in shares of General Motors by 5.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 6,209 shares of the auto manufacturer’s stock valued at $239,000 after purchasing an additional 318 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of General Motors by 2.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 742,733 shares of the auto manufacturer’s stock valued at $28,617,000 after purchasing an additional 14,505 shares during the period. Finally, National Pension Service boosted its position in shares of General Motors by 3.4% in the 2nd quarter. National Pension Service now owns 1,499,656 shares of the auto manufacturer’s stock valued at $57,782,000 after purchasing an additional 49,791 shares during the period. Institutional investors own 76.89% of the company’s stock.

Shares of GM traded up $0.17 during midday trading on Tuesday, reaching $35.15. 6,826,976 shares of the stock were exchanged, compared to its average volume of 9,938,368. General Motors has a 12-month low of $33.08 and a 12-month high of $41.90. The firm has a 50 day simple moving average of $36.01 and a 200-day simple moving average of $37.30. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 1.43. The company has a market cap of $49.51 billion, a price-to-earnings ratio of 5.37, a P/E/G ratio of 0.51 and a beta of 1.37.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.54. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The company had revenue of $35.50 billion during the quarter, compared to the consensus estimate of $35.21 billion. During the same period last year, the business earned $1.87 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Research analysts expect that General Motors will post 4.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Thursday, December 5th. General Motors’s dividend payout ratio (DPR) is presently 23.24%.

A number of equities analysts recently weighed in on GM shares. Bank of America set a $55.00 price target on General Motors and gave the company a “buy” rating in a research report on Tuesday, October 15th. Buckingham Research decreased their price objective on General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley set a $46.00 price objective on General Motors and gave the stock a “buy” rating in a research report on Tuesday, September 17th. UBS Group raised their price objective on General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Benchmark assumed coverage on General Motors in a research report on Thursday, January 9th. They set a “buy” rating and a $49.00 price objective for the company. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.38.

About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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

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