Semanteon Capital Management LP Purchases Shares of 22,544 General Motors (NYSE:GM)

Semanteon Capital Management LP bought a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,544 shares of the auto manufacturer’s stock, valued at approximately $810,000.

A number of other hedge funds also recently modified their holdings of the stock. Jackson Hole Capital Partners LLC acquired a new stake in shares of General Motors during the 4th quarter worth about $212,000. Syon Capital LLC acquired a new stake in General Motors in the 4th quarter worth about $433,000. Tokio Marine Asset Management Co. Ltd. raised its stake in General Motors by 6.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,311 shares of the auto manufacturer’s stock worth $1,125,000 after purchasing an additional 1,818 shares in the last quarter. Wynn Capital LLC acquired a new stake in General Motors in the 4th quarter worth about $269,000. Finally, Bfsg LLC acquired a new stake in General Motors in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

Shares of General Motors stock traded up $0.20 during midday trading on Friday, hitting $45.82. 12,149,767 shares of the company traded hands, compared to its average volume of 17,458,105. The firm’s fifty day moving average price is $42.13 and its 200-day moving average price is $36.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. General Motors has a 12 month low of $26.30 and a 12 month high of $46.17. The stock has a market cap of $52.28 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same period last year, the company earned $2.21 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. General Motors’s dividend payout ratio (DPR) is currently 5.87%.

Insider Transactions at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Rory Harvey sold 5,100 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the transaction, the executive vice president now owns 12,658 shares in the company, valued at approximately $544,800.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,248 shares of company stock worth $3,614,078. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Thursday, January 4th. Tigress Financial raised their target price on shares of General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a report on Tuesday. Mizuho raised their target price on shares of General Motors from $48.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

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.