Capital Analysts LLC Raises Position in General Motors (NYSE:GM)

Capital Analysts LLC lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 7.9% in the 4th quarter, HoldingsChannel reports. The firm owned 66,570 shares of the auto manufacturer’s stock after buying an additional 4,846 shares during the quarter. Capital Analysts LLC’s holdings in General Motors were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. SouthState Corp grew its stake in General Motors by 173.8% in the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 485 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in General Motors by 85.8% in the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 283 shares during the period. Highlander Capital Management LLC bought a new stake in shares of General Motors during the 4th quarter worth $27,000. BluePath Capital Management LLC bought a new stake in shares of General Motors during the 3rd quarter worth $33,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of General Motors during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gerald Johnson sold 15,190 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $40.03, for a total transaction of $608,055.70. Following the sale, the executive vice president now directly owns 98,628 shares of the company’s stock, valued at $3,948,078.84. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock worth $3,614,078 over the last quarter. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GM. Morgan Stanley lifted their price objective on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Wedbush lifted their target price on shares of General Motors from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their target price on shares of General Motors from $27.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Tigress Financial lifted their target price on shares of General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 15th. Finally, Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.57.

General Motors Stock Down 0.8 %

NYSE:GM traded down $0.34 during mid-day trading on Tuesday, hitting $42.35. 1,376,851 shares of the company’s stock were exchanged, compared to its average volume of 17,395,035. General Motors has a one year low of $26.30 and a one year high of $46.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. The business has a fifty day moving average price of $41.33 and a 200 day moving average price of $35.57. The company has a market cap of $48.89 billion, a PE ratio of 5.84, a P/E/G ratio of 0.53 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. The firm had revenue of $42.98 billion for the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Equities analysts predict that General Motors will post 9.08 EPS for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.12 per share. This is an increase from General Motors’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. General Motors’s dividend payout ratio is 6.57%.

General Motors Company 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.