General Motors (GM) Shares Bought by Rational Advisors LLC

Rational Advisors LLC raised its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4,034.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,349 shares of the auto manufacturer’s stock after purchasing an additional 3,268 shares during the period. Rational Advisors LLC’s holdings in General Motors were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc increased its holdings in shares of General Motors by 2.9% during the third quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after acquiring an additional 2,699,178 shares in the last quarter. Harris Associates L P increased its holdings in shares of General Motors by 4.2% during the fourth quarter. Harris Associates L P now owns 62,412,310 shares of the auto manufacturer’s stock valued at $2,087,691,000 after acquiring an additional 2,510,439 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of General Motors by 2,701.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,064,309 shares of the auto manufacturer’s stock valued at $1,018,000 after acquiring an additional 32,848,376 shares in the last quarter. Greenhaven Associates Inc. bought a new position in shares of General Motors during the first quarter valued at $754,274,000. Finally, Geode Capital Management LLC increased its holdings in shares of General Motors by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 16,309,521 shares of the auto manufacturer’s stock valued at $544,715,000 after acquiring an additional 1,217,986 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on GM shares. Citigroup raised their price target on General Motors to $67.00 and gave the company a “buy” rating in a report on Friday, February 8th. Royal Bank of Canada raised their price target on General Motors from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, February 7th. Seaport Global Securities started coverage on General Motors in a report on Wednesday, February 13th. They set a “buy” rating for the company. Nomura set a $42.00 price target on General Motors and gave the company a “hold” rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.60.



In other news, Director Wesley G. Bush purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $38.58 per share, for a total transaction of $385,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dhivya Suryadevara sold 34,756 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $37.40, for a total value of $1,299,874.40. Following the sale, the chief financial officer now owns 10,741 shares of the company’s stock, valued at $401,713.40. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

NYSE GM opened at $35.12 on Friday. General Motors has a one year low of $30.56 and a one year high of $45.00. The stock has a market capitalization of $52.66 billion, a P/E ratio of 5.37, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 30th. The auto manufacturer reported $1.41 EPS for the quarter, topping the consensus estimate of $1.09 by $0.32. General Motors had a return on equity of 22.67% and a net margin of 6.26%. The company had revenue of $34.88 billion during the quarter, compared to the consensus estimate of $35.56 billion. During the same period last year, the company earned $1.43 EPS. General Motors’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts expect that General Motors will post 6.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.38 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.52 annualized dividend and a yield of 4.33%. General Motors’s payout ratio is 23.24%.

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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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