Wynn Capital LLC Invests $269,000 in General Motors (NYSE:GM)

Wynn Capital LLC acquired 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 & Exchange Commission. The fund acquired 7,500 shares of the auto manufacturer’s stock, valued at approximately $269,000.

Several other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC increased its holdings in shares of General Motors by 454.3% during the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock worth $171,961,000 after buying an additional 4,275,293 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of General Motors by 32.6% during the 3rd quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after purchasing an additional 2,049,412 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after acquiring an additional 1,580,681 shares during the last quarter. EP Wealth Advisors LLC increased its stake in General Motors by 518.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer’s stock valued at $42,023,000 after buying an additional 1,068,474 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in General Motors by 175.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer’s stock valued at $53,262,000 after buying an additional 1,028,508 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 0.6 %

Shares of NYSE:GM traded up $0.27 during trading on Thursday, reaching $45.35. 5,895,769 shares of the stock traded hands, compared to its average volume of 17,408,008. The stock has a 50-day moving average of $42.00 and a two-hundred day moving average of $36.12. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. The stock has a market cap of $52.35 billion, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data 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 analyst estimates of $41.09 billion. During the same quarter last year, the business posted $2.21 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that General Motors will post 9.26 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. General Motors’s dividend payout ratio is currently 5.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on GM. TheStreet upgraded shares of General Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 19th. Sanford C. Bernstein assumed coverage on shares of General Motors in a report on Thursday. They issued an “outperform” rating and a $55.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley lifted their target price on shares of General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Barclays boosted their price objective on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.38.

Insider Buying and Selling

In other General Motors 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 transaction of $528,706.24. Following the sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares in the company, valued at approximately $860,710.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 in the last 90 days. 0.54% of the stock is owned by corporate insiders.

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.