Great Valley Advisor Group Inc. Boosts Stake in General Motors (NYSE:GM)

Great Valley Advisor Group Inc. increased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 12.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,269 shares of the auto manufacturer’s stock after acquiring an additional 1,881 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in General Motors were worth $774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GM. Strategic Investment Solutions Inc. IL purchased a new position in shares of General Motors during the 2nd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors in the 3rd quarter valued at about $27,000. Wellington Shields Capital Management LLC bought a new position in shares of General Motors during the second quarter worth about $28,000. Fortitude Family Office LLC raised its stake in General Motors by 56.1% during the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 225 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new position in shares of General Motors in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on General Motors from $33.00 to $38.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein increased their price target on General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. UBS Group upped their price objective on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.92.

General Motors Price Performance

Shares of NYSE:GM opened at $60.20 on Tuesday. The stock has a market cap of $66.20 billion, a price-to-earnings ratio of 6.42, a PEG ratio of 0.44 and a beta of 1.40. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 12 month low of $27.93 and a 12 month high of $61.24. The stock’s 50 day moving average price is $51.01 and its 200 day moving average price is $47.82.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The company had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. Equities research analysts anticipate that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, December 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.80%. General Motors’s dividend payout ratio (DPR) is 5.12%.

Insider Transactions at General Motors

In related news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. The trade was a 42.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,021,556 shares of company stock valued at $55,974,057 in the last quarter. Insiders own 0.72% of the company’s stock.

About General Motors

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.