Meitav Investment House Ltd. Has $383,000 Position in General Motors (NYSE:GM)

Meitav Investment House Ltd. trimmed its position in General Motors (NYSE:GM) (TSE:GMM.U) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,185 shares of the auto manufacturer’s stock after selling 1,349 shares during the quarter. Meitav Investment House Ltd.’s holdings in General Motors were worth $383,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of General Motors by 204.9% in the third quarter. Blue Trust Inc. now owns 7,654 shares of the auto manufacturer’s stock valued at $356,000 after buying an additional 5,144 shares in the last quarter. OLD National Bancorp IN bought a new position in General Motors during the 3rd quarter worth $269,000. Foundations Investment Advisors LLC raised its holdings in General Motors by 2.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 13,212 shares of the auto manufacturer’s stock valued at $592,000 after acquiring an additional 292 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of General Motors by 29.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 55,969 shares of the auto manufacturer’s stock valued at $2,510,000 after acquiring an additional 12,729 shares during the period. Finally, Eastern Bank acquired a new stake in shares of General Motors during the 3rd quarter worth $34,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the sale, the executive vice president now directly 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 SEC, which is available through the SEC website. Also, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on GM shares. Wells Fargo & Company boosted their price target on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. UBS Group increased their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein raised their target price on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $59.71.

General Motors Stock Performance

General Motors stock opened at $47.84 on Friday. The business has a 50 day moving average of $50.81 and a 200-day moving average of $50.11. The company has a market capitalization of $47.60 billion, a P/E ratio of 7.78, a P/E/G ratio of 0.67 and a beta of 1.40. General Motors has a 1 year low of $38.94 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (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%. On average, equities research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Friday, March 7th. General Motors’s payout ratio is presently 7.80%.

About General Motors

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.