American National Bank Reduces Holdings in General Motors (GM)

American National Bank lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,357 shares of the auto manufacturer’s stock after selling 2,513 shares during the quarter. American National Bank’s holdings in General Motors were worth $4,032,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Berkshire Hathaway Inc. boosted its holdings in shares of General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the period. Swiss National Bank boosted its holdings in General Motors by 1.6% in the 3rd quarter. Swiss National Bank now owns 5,006,857 shares of the auto manufacturer’s stock valued at $202,177,000 after purchasing an additional 81,000 shares during the period. Alyeska Investment Group L.P. boosted its holdings in General Motors by 181.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,809,371 shares of the auto manufacturer’s stock valued at $73,062,000 after purchasing an additional 1,166,696 shares during the period. Dimensional Fund Advisors LP boosted its holdings in General Motors by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,900,059 shares of the auto manufacturer’s stock valued at $601,683,000 after purchasing an additional 331,621 shares during the period. Finally, Lehman Financial Resources Inc. boosted its holdings in General Motors by 6.4% in the 3rd quarter. Lehman Financial Resources Inc. now owns 67,653 shares of the auto manufacturer’s stock valued at $2,731,000 after purchasing an additional 4,050 shares during the period. Hedge funds and other institutional investors own 73.01% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of General Motors from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group increased their price objective on shares of General Motors from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, October 30th. Citigroup restated a “buy” rating and issued a $53.00 price objective on shares of General Motors in a research note on Monday, October 2nd. Standpoint Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Goldman Sachs Group cut shares of General Motors from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $43.16 to $32.00 in a research note on Monday, October 30th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. General Motors presently has a consensus rating of “Hold” and an average target price of $43.80.

Shares of General Motors (GM) traded up $1.19 during trading on Thursday, hitting $44.19. 9,580,000 shares of the company were exchanged, compared to its average volume of 12,960,000. The firm has a market cap of $62,770.00, a PE ratio of 9.56, a P/E/G ratio of 0.82 and a beta of 1.55. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter last year, the company posted $1.72 EPS. equities analysts predict that General Motors will post 6.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is currently 32.90%.

In other General Motors news, EVP Nysschen Carel J. De sold 123,645 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the sale, the executive vice president now owns 150,484 shares of the company’s stock, valued at approximately $6,710,081.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas S. Timko sold 44,791 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the sale, the chief accounting officer now directly owns 66,838 shares in the company, valued at approximately $2,971,617.48. The disclosure for this sale can be found here. Insiders have sold a total of 552,298 shares of company stock valued at $24,408,137 in the last quarter. 0.04% of the stock is currently owned by corporate insiders.

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About General Motors

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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