General Motors (NYSE:GM) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. lifted its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 14.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,010 shares of the auto manufacturer’s stock after purchasing an additional 887 shares during the quarter. UMB Bank n.a.’s holdings in General Motors were worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LifeSteps Financial Inc. acquired a new stake in General Motors during the 1st quarter worth $25,000. Fortitude Family Office LLC boosted its stake in General Motors by 56.1% during the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in General Motors by 75.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 359 shares during the last quarter. Montag A & Associates Inc. purchased a new position in shares of General Motors during the 1st quarter worth $30,000. Finally, YHB Investment Advisors Inc. purchased a new position in shares of General Motors during the 1st quarter worth $32,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 326,305 shares of General Motors stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total value of $15,770,320.65. Following the completion of the sale, the chief executive officer now owns 898,648 shares in the company, valued at approximately $43,431,657.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other General Motors news, CEO Mary T. Barra sold 326,305 shares of General Motors stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $48.33, for a total value of $15,770,320.65. Following the completion of the sale, the chief executive officer now owns 898,648 shares in the company, valued at approximately $43,431,657.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 12,795 shares of General Motors stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $417,307.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 391,402 shares of company stock worth $18,818,536. 0.72% of the stock is owned by corporate insiders.

General Motors Price Performance

General Motors stock traded up $0.28 during midday trading on Friday, reaching $49.75. The company’s stock had a trading volume of 15,734,303 shares, compared to its average volume of 15,498,768. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $50.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The stock’s 50 day simple moving average is $46.04 and its 200 day simple moving average is $44.34. The firm has a market capitalization of $56.76 billion, a PE ratio of 6.09, a P/E/G ratio of 0.44 and a beta of 1.43.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The business had revenue of $47.97 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter last year, the business posted $1.91 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that General Motors will post 9.94 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated a share buyback plan on Tuesday, June 11th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, September 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 6th. General Motors’s dividend payout ratio is presently 5.87%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of General Motors from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Bank of America restated a “buy” rating and issued a $75.00 price objective on shares of General Motors in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $60.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Wells Fargo & Company boosted their price target on shares of General Motors from $32.00 to $34.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average target price of $55.17.

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.