Capital Analysts LLC Has $3.45 Million Stock Holdings in General Motors (NYSE:GM)

Capital Analysts LLC reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,778 shares of the auto manufacturer’s stock after selling 938 shares during the period. Capital Analysts LLC’s holdings in General Motors were worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nebula Research & Development LLC increased its position in General Motors by 151.1% in the 4th quarter. Nebula Research & Development LLC now owns 70,035 shares of the auto manufacturer’s stock valued at $3,731,000 after acquiring an additional 42,145 shares during the period. Hancock Whitney Corp acquired a new stake in General Motors in the fourth quarter valued at $5,646,000. Integrated Wealth Concepts LLC raised its position in General Motors by 16.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 23,656 shares of the auto manufacturer’s stock worth $1,260,000 after purchasing an additional 3,336 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of General Motors by 13.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,027,386 shares of the auto manufacturer’s stock valued at $54,729,000 after buying an additional 118,000 shares during the last quarter. Finally, MGO One Seven LLC increased its stake in shares of General Motors by 10.8% in the fourth quarter. MGO One Seven LLC now owns 27,572 shares of the auto manufacturer’s stock valued at $1,469,000 after buying an additional 2,688 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the topic of several analyst reports. Citigroup initiated coverage on General Motors in a report on Wednesday. They issued a “buy” rating and a $62.00 target price on the stock. Cowen began coverage on shares of General Motors in a research report on Thursday, March 6th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of General Motors from $64.00 to $53.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. The Goldman Sachs Group lowered their target price on shares of General Motors from $73.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of General Motors from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Monday, April 14th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.83.

General Motors Stock Up 0.5 %

Shares of NYSE GM opened at $47.11 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a 50-day moving average price of $46.87 and a 200-day moving average price of $50.30. The stock has a market capitalization of $46.87 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.67 and a beta of 1.27. General Motors has a 1 year low of $38.96 and a 1 year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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 net margin of 3.21% and a return on equity of 15.29%. On average, equities research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

General Motors declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business’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 purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.72% 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.