Jackson Hole Capital Partners LLC Buys Shares of 5,890 General Motors (NYSE:GM)

Jackson Hole Capital Partners LLC bought a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,890 shares of the auto manufacturer’s stock, valued at approximately $212,000.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its stake in shares of General Motors by 454.3% in the third quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock worth $171,961,000 after purchasing an additional 4,275,293 shares during the period. AQR Capital Management LLC grew its position in General Motors by 32.6% during the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after buying an additional 2,049,412 shares in the last quarter. Vanguard Group Inc. grew its position in General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after buying an additional 1,580,681 shares in the last quarter. EP Wealth Advisors LLC grew its position in General Motors by 518.4% during the third quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer’s stock worth $42,023,000 after buying an additional 1,068,474 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in General Motors by 175.2% during the third quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer’s stock worth $53,262,000 after buying an additional 1,028,508 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 0.4 %

NYSE GM traded up $0.20 on Friday, reaching $45.82. The company had a trading volume of 12,149,767 shares, compared to its average volume of 17,458,105. The company’s fifty day moving average is $42.13 and its 200-day moving average is $36.19. General Motors has a 1-year low of $26.30 and a 1-year high of $46.17. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. The firm has a market capitalization of $52.28 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same period in the prior year, the business posted $2.21 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. General Motors’s dividend payout ratio is 5.87%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GM. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of General Motors from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Tuesday. Sanford C. Bernstein began coverage on shares of General Motors in a research note on Thursday. They issued an “outperform” rating and a $55.00 target price for the company. Wedbush lifted their target price on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

Insider Transactions at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the sale, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at $3,348,562.08. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 in the last three months. Insiders own 0.54% of the company’s stock.

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.