Nwam LLC Sells 1,078 Shares of General Motors (NYSE:GM)

Nwam LLC lessened its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,436 shares of the auto manufacturer’s stock after selling 1,078 shares during the period. Nwam LLC’s holdings in General Motors were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lake Street Advisors Group LLC grew its holdings in shares of General Motors by 9.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 6,966 shares of the auto manufacturer’s stock worth $371,000 after acquiring an additional 601 shares during the period. Johnson Financial Group LLC bought a new stake in shares of General Motors during the 4th quarter valued at about $455,000. MMCAP International Inc. SPC increased its position in shares of General Motors by 5.9% during the 4th quarter. MMCAP International Inc. SPC now owns 90,000 shares of the auto manufacturer’s stock valued at $4,794,000 after purchasing an additional 5,000 shares during the last quarter. Longbow Finance SA bought a new position in shares of General Motors in the 4th quarter worth approximately $5,865,000. Finally, Todd Asset Management LLC boosted its holdings in shares of General Motors by 14.0% in the fourth quarter. Todd Asset Management LLC now owns 514,080 shares of the auto manufacturer’s stock worth $27,385,000 after buying an additional 62,995 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GM shares. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a report on Tuesday, January 21st. HSBC cut General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a report on Wednesday, December 11th. Mizuho boosted 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. UBS Group restated a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.71.

General Motors Trading Up 3.3 %

Shares of General Motors stock opened at $49.22 on Friday. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average price of $50.34 and a 200-day moving average price of $50.40. The firm has a market cap of $48.97 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.67 and a beta of 1.40.

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

General Motors Announces Dividend

The firm 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is 7.80%.

General Motors declared that its Board of Directors has approved a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

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.