44 Wealth Management LLC Has $3.07 Million Stock Holdings in General Motors (NYSE:GM)

44 Wealth Management LLC cut its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 57,706 shares of the auto manufacturer’s stock after selling 2,728 shares during the quarter. General Motors makes up approximately 1.2% of 44 Wealth Management LLC’s portfolio, making the stock its 13th largest holding. 44 Wealth Management LLC’s holdings in General Motors were worth $3,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trust Point Inc. boosted its stake in shares of General Motors by 2.7% during the 4th quarter. Trust Point Inc. now owns 7,241 shares of the auto manufacturer’s stock worth $386,000 after acquiring an additional 193 shares in the last quarter. Allworth Financial LP boosted its stake in shares of General Motors by 2.3% during the 3rd quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock worth $412,000 after acquiring an additional 205 shares in the last quarter. Avestar Capital LLC boosted its stake in shares of General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock worth $430,000 after acquiring an additional 213 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock worth $131,000 after acquiring an additional 213 shares in the last quarter. Finally, Holistic Planning LLC boosted its stake in shares of General Motors by 3.9% during the 4th quarter. Holistic Planning LLC now owns 5,759 shares of the auto manufacturer’s stock worth $307,000 after acquiring an additional 214 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GM. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and increased their target price for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Wednesday, December 11th. Mizuho raised their price target on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, UBS Group raised their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Motors currently has an average rating of “Hold” and an average price target of $59.71.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were 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. This trade represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were purchased at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the transaction, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

General Motors Stock Performance

General Motors stock opened at $46.31 on Friday. The stock has a market cap of $46.07 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The firm’s fifty day moving average price is $50.68 and its 200-day moving average price is $50.16. General Motors has a fifty-two week low of $38.94 and a fifty-two 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.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, equities research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.04%. General Motors’s dividend payout ratio (DPR) is 7.80%.

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.