Opal Wealth Advisors LLC Purchases 320 Shares of General Motors (NYSE:GM)

Opal Wealth Advisors LLC lifted its position in General Motors (NYSE:GM) (TSE:GMM.U) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,377 shares of the auto manufacturer’s stock after buying an additional 320 shares during the period. Opal Wealth Advisors LLC’s holdings in General Motors were worth $286,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GM. Golden State Wealth Management LLC bought a new stake in shares of General Motors during the fourth quarter worth $25,000. Crews Bank & Trust acquired a new position in General Motors in the 4th quarter worth $26,000. Catalyst Capital Advisors LLC bought a new position in General Motors during the 3rd quarter worth about $27,000. Truvestments Capital LLC acquired a new stake in shares of General Motors in the 3rd quarter valued at about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of General Motors in the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the transaction, the director now owns 13,714 shares in the company, valued at $694,751.24. The trade was a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

General Motors Trading Down 1.2 %

GM stock opened at $47.35 on Monday. General Motors has a 52 week low of $37.83 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company’s 50-day simple moving average is $51.80 and its 200 day simple moving average is $49.92. The company has a market capitalization of $47.12 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.68 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, sell-side analysts anticipate that General Motors will post 11.28 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio (DPR) is presently 7.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Mizuho upped their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their target price on shares of General Motors from $35.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.28.

General Motors 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.