Landscape Capital Management L.L.C. grew its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 87.4% in the 4th quarter, HoldingsChannel reports. The fund owned 12,500 shares of the auto manufacturer’s stock after purchasing an additional 5,831 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in General Motors were worth $512,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Icon Wealth Partners LLC bought a new stake in General Motors in the fourth quarter worth approximately $106,000. Fieldpoint Private Securities LLC bought a new stake in shares of General Motors during the 3rd quarter worth $119,000. Cerebellum GP LLC bought a new stake in shares of General Motors during the 4th quarter worth $123,000. Independence Bank of Kentucky bought a new stake in shares of General Motors during the 4th quarter worth $129,000. Finally, Stumpf Capital Management LLC bought a new stake in shares of General Motors during the 4th quarter worth $131,000. 72.96% of the stock is owned by institutional investors.
In other news, CAO Thomas S. Timko sold 8,461 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $42.06, for a total value of $355,869.66. Following the completion of the transaction, the chief accounting officer now owns 33,519 shares in the company, valued at approximately $1,409,809.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total transaction of $1,588,400,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,289,848 shares of company stock valued at $1,600,694,061. Corporate insiders own 0.04% of the company’s stock.
General Motors (GM) opened at $37.84 on Friday. The company has a market cap of $53,000.00, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.72 and a beta of 1.60. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The firm had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. equities analysts predict that General Motors will post 6.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio is 29.51%.
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General Motors Profile
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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