Donald Smith & CO. Inc. Has $52.20 Million Stake in General Motors (NYSE:GM)

Donald Smith & CO. Inc. boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 53.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,453,221 shares of the auto manufacturer’s stock after buying an additional 503,816 shares during the period. Donald Smith & CO. Inc. owned approximately 0.13% of General Motors worth $52,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock valued at $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. Morgan Stanley lifted its holdings in General Motors by 1.3% during the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock worth $501,562,000 after acquiring an additional 201,080 shares in the last quarter. Northern Trust Corp raised its position in shares of General Motors by 1.8% during the third quarter. Northern Trust Corp now owns 13,196,412 shares of the auto manufacturer’s stock worth $435,086,000 after purchasing an additional 237,359 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of General Motors by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,768,787 shares of the auto manufacturer’s stock valued at $322,077,000 after purchasing an additional 197,750 shares during the period. Finally, LSV Asset Management lifted its stake in General Motors by 1.7% in the third quarter. LSV Asset Management now owns 8,617,870 shares of the auto manufacturer’s stock valued at $284,131,000 after buying an additional 144,886 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GM shares. Citigroup raised their price objective on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays lifted their target price on General Motors from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their target price on shares of General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. Finally, Tigress Financial raised their price target on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.65.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at approximately $540,315. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the transaction, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of GM stock traded up $0.20 on Monday, hitting $46.04. The company’s stock had a trading volume of 10,570,536 shares, compared to its average volume of 17,374,258. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.17. The company has a market capitalization of $52.53 billion, a PE ratio of 5.60, a PEG ratio of 0.54 and a beta of 1.51. The stock’s 50 day moving average is $42.27 and its 200-day moving average is $36.36. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same period in the previous year, the business earned $2.21 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that General Motors will post 9.45 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

General Motors Profile

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.