Greenline Partners LLC Purchases New Holdings in General Motors (NYSE:GM)

Greenline Partners LLC acquired a new position in General Motors (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,739 shares of the auto manufacturer’s stock, valued at approximately $93,000.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in General Motors during the fourth quarter valued at about $25,000. Crews Bank & Trust purchased a new position in General Motors in the fourth quarter valued at about $26,000. Compass Planning Associates Inc bought a new position in shares of General Motors during the 4th quarter valued at approximately $27,000. Whittier Trust Co. increased its stake in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 425 shares during the last quarter. Finally, Duncker Streett & Co. Inc. lifted its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GM. Citigroup initiated coverage on General Motors in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $62.00 target price for the company. StockNews.com cut General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. UBS Group cut their target price on shares of General Motors from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Piper Sandler boosted their price target on shares of General Motors from $45.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Finally, Cowen began coverage on shares of General Motors in a research note on Thursday, March 6th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $54.28.

General Motors Stock Up 0.3 %

GM stock opened at $47.51 on Friday. General Motors has a 1-year low of $38.96 and a 1-year high of $61.24. The stock has a market cap of $45.68 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $46.63 and its 200 day moving average is $50.10.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The firm had revenue of $44.02 billion for the quarter, compared to analysts’ expectations of $42.64 billion. During the same quarter last year, the company posted $2.62 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be issued a $0.15 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, June 6th. General Motors’s dividend payout ratio is presently 8.65%.

General Motors announced that its board has authorized a share buyback program on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.