General Motors (NYSE:GM) Stock Position Raised by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lifted its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,807 shares of the auto manufacturer’s stock after purchasing an additional 657 shares during the period. Gladstone Institutional Advisory LLC’s holdings in General Motors were worth $789,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ritholtz Wealth Management purchased a new stake in General Motors during the third quarter valued at about $389,000. Opal Wealth Advisors LLC raised its holdings in shares of General Motors by 9.8% during the third quarter. Opal Wealth Advisors LLC now owns 5,057 shares of the auto manufacturer’s stock valued at $227,000 after acquiring an additional 453 shares during the period. Sumitomo Life Insurance Co. raised its holdings in shares of General Motors by 3.0% during the third quarter. Sumitomo Life Insurance Co. now owns 22,091 shares of the auto manufacturer’s stock valued at $991,000 after acquiring an additional 653 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of General Motors by 13.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 8,001 shares of the auto manufacturer’s stock valued at $359,000 after acquiring an additional 971 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. boosted its stake in General Motors by 2.1% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 388,617 shares of the auto manufacturer’s stock worth $17,426,000 after purchasing an additional 7,980 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and boosted their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Wedbush upped their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.28.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated 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 directly owns 8,513 shares in the company, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

General Motors Trading Up 0.4 %

General Motors stock opened at $47.90 on Friday. General Motors has a one year low of $38.05 and a one year high of $61.24. The company’s fifty day moving average price is $51.37 and its two-hundred day moving average price is $49.96. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.68 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. On average, analysts forecast that General Motors will post 11.28 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, March 7th. General Motors’s dividend payout ratio is 7.80%.

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.