4,286 Shares in General Motors (NYSE:GM) Purchased by LM Advisors LLC

LM Advisors LLC purchased a new position in General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,286 shares of the auto manufacturer’s stock, valued at approximately $228,000.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of General Motors during the fourth quarter valued at about $25,000. Crews Bank & Trust bought a new position in General Motors during the fourth quarter valued at approximately $26,000. Truvestments Capital LLC purchased a new position in General Motors during the 3rd quarter valued at approximately $27,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors during the 4th quarter worth approximately $27,000. Finally, Duncker Streett & Co. Inc. boosted its position in shares of General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 498 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GM has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. UBS Group restated a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and upped their price objective for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Finally, Cowen started coverage on General Motors in a report on Thursday, March 6th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Motors currently has an average rating of “Hold” and a consensus price target of $62.11.

General Motors Price Performance

Shares of GM stock opened at $47.24 on Friday. The company has a market capitalization of $47.00 billion, a P/E ratio of 7.68, a P/E/G ratio of 0.67 and a beta of 1.42. The company’s 50-day simple moving average is $48.97 and its two-hundred day simple moving average is $50.53. General Motors has a one year low of $38.96 and a one year high of $61.24. 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 released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, March 7th. General Motors’s payout ratio is currently 7.80%.

General Motors declared that its board has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction that occurred 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 transaction, the director now directly owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate 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.